Astoria Real Estate Market Trend
Astoria Market Statistics and Real Estate Trends!
Let’s take a look at the Astoria real estate market.
Pending Sales and Sold Data
Astoria, NY February 17th, 2012 – Currently there are 26 Residential, 6 Co-Op and 14 Condo sales pending in the market overall, leaving 49 Residential, 17 Co-Op and 27 Condo listings still for sale, total of 45 Residential one to three families, 22 Condo and 6 Co-Op contracts have closed in last six months.
Expired Data
Alternatively a total of 51 Residential, 54 Condo and 12 Co-Op listings have failed to sell in that same period of time. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, property was in poor condition, or perhaps owner had second thoughts about selling at this particular time.
Market Statistics
Astoria’s home resale inventories increased slightly, with a 4 percent increase since January 2012. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in February. The median listing price in Astoria went up from January to February.
Understanding the Astoria real estate market is your first step to buying or selling a home in Astoria .Our real estate guide gives you a valuable overview of the Astoria real estate market— sales statistics, real estate price trends, real estate market activity.
The Market Update reports are source from Multiple Listing Services (MLS) . We try to display data that is as accurate as possible. The data on this page is for informational purposes only.
Astoria enjoys the benefit of being closer to New York City, It’s convenient to Manhattan, it’s urban but with space and greenery, and it has plenty of rental options which means there is always demand for this area. Here’s what has been happening in terms of property values over the past 5 years.
The median sales price for homes in Astoria NY for Oct 11 to Dec 11 was $650,000. This represents an increase of 28.1%, or $142,500, compared to the prior quarter and an increase of 0% compared to the prior year. Sales prices have depreciated 13.3% over the last 5 years in Astoria.
The average listing price for Astoria house for sale was $513,007 for the week ending Jan 11, which represents a decline of 3.1%, or $16,235, compared to the prior week and a decline of 4.9%, or $26,505, compared to the week ending Dec 21. Average price per square foot for Astoria NY was $224, an increase of 0% compared to the same period last year.
Astoria’s home resale inventories increased slightly, with a 2 percent increase since January 2012. The median listing price in Astoria went up from January to February. There were a total of 1 price increases and 14 price decreases in Astoria housing market.
