Prices, Sales Down In Queens, Report Says
A new report from appraisal firm Miller Samuel for mega-brokerage Prudential Douglas Elliman pegs the average sales price of a Queens home at $492,117 in the fourth quarter of 2006, down 1.5 percent from the quarter before, but up 1.2 percent from the same time in 2005. The median sales price was $485,000 in the fourth quarter, also a slight quarterly decline, but year-over-year increase.
Both the Queens median and the Queens average sales prices are about half of Manhattan's. Which might help explain why it takes around half as long in Queens (83 days) to sell a home as it does in Manhattan (149), according to Miller Samuel.
Still, sales were down in the fourth quarter 12.6 percent from the quarter before, the new report states. Maybe, then, while Queens is cheaper than Manhattan (and Brooklyn, for that matter), it's still... well, Queens. (We kid, of course. Kind of.)
- Tom Acitelli
Queens is a big boro. I would like to see how the LIC and Astoria market are doing. I would think that the picture might be very different.
You can always count on the NYO for the snide back-handed remark about Queens... essh.
For those fleeing Manhattan...go somewhere else! Stay out of Queens.
Tired of snobbish Manhattanites, many of whom are not even NYC born, knocking Queens. Just forget we exist and keep your comments to yourself.
Queens ... the most diverse county in the country and the working class back bone of this city ....The bottom line is that these displaced Middle of America transplants who shack up in Manhattan and call themselves "New Yorkers" can't handle the class and diversity of the people who exist here.
They same type who critcize Queens are responsible for ruining places like the Lower East Side; you all call it gentrification, I call it sickening.