Overview and Summary

 

Sales of 90 apartments in the second quarter were up from 76 in 2Q23 and 54 in the first quarter.  Average sales prices were up, across the board, compared with the year-ago quarter.  And compared with the prior quarter, average sales prices rose for only prewar walkup and prewar elevator cooperatives.  Year to date, total sales were essentially flat at 144 apartments.  Sales were up in all categories except for postwar coops.  Average sales prices surged by 44% for prewar walkup coops and were up over 10% for postwar coops.  The other two categories experienced very modest declines of 2% or less.

 

 

 

 

 

 

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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