Overview and Summary

 

Sales of 69 apartments in the fourth quarter were up one from 4Q23 and down 12 from the third quarter.  Average sales prices were down, across the board, compared with the year-ago quarter.  And compared with the prior quarter, average sales prices decline for all categories except prewar elevator coops.  Year to date, total sales were essentially flat at 300 apartments.   Average sales prices surged by 24% for prewar walkup coops and were between 2% and 4% lower for the three other categories.

 

 

 

 

 

 

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 2024    Daniel Karatzas

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