Overview and Summary

 

Eight houses sold in the fourth quarter, up one from three year-ago quarter and down from 13 in the prior quarter. Compared with prior periods, average sales prices for one-family houses fell by 12% and 1%.  Two-family house average sales prices declined by 4% and 12%. No three-family houses sold in the fourth quarter. 

 

Year-to-date 41 houses were sold, compared with 26 in 2021.  Average sales prices fell by 7.8% for one-family houses and rose by 14.6% for two-family houses.  The average sales price of three-family houses increased by 2.1% 

 

 

 

  

 

Disclaimers:

• This report covers the 11372 zip code only, comprising Jackson Heights and its Historic District
• Data is sourced from the New York City Department of Finance’s Rolling Sales Update
• Within the Rolling Sales Update, numerous transactions are listed with a closing price of $0. These transactions are not included in this analysis
• There are some inconsistencies and errors in the Rolling Sales Updates that were analyzed.  Transactions where closing prices were significantly below prevailing market prices were excluded from this analysis.

 

Copyright 2022    Daniel Karatzas

Any reproduction or use of this report must be approved, in advance, by its author

 

Please note that my complete report includes compelling graphics that put current and historical data in perspective. So become a subscriber now!