Queens Real Estate | 2 minute read
Home Sales in Queens Take a Dip in 2011, But Prices Keep Up
BY PropertyShark Staff | Feb 1, 2012
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The number of homes sold in Queens decreased slightly in 2011 with 9,128 properties changing hands, our latest analysis shows. The Y-o-Y decrease is 11%, while compared to 2006 (when the number of transactions reached a 7-year peak), the decrease is 39%.
At $305,000, the yearly median sale price has stayed flat for a third consecutive year. The median sale price in Q4 2011 was $300,000, a 5% decrease over Q3 2011 and a 6% decrease over Q4 2010. The zip code with the highest median sale price in 2011 was 11109 ($694,000), comprising 3 neighborhoods: Hunters Point, Sunnyside and West Maspeth. Here are some interesting properties that exchanged hands:
131 Beach 139th Street
The most expensive residential property sold in Queens in 2011 was the single-family home at 131 Beach 139th Street. The beautiful oceanfront residence first hit the market on May 2nd, 2010 with an asking price of $5,379,000. More than a year and several price chops later, it finally sold for $3,200,000 on September 27th. The current seller had previously put down $3,400,000 for it on September 7th, 2006.
5 Center Drive
The second biggest transaction in Queens in 2011 was the single-family home at 5 Center Drive, Whitestone. The custom-built, brick colonial house first hit the market on July 24th, 2010 with an asking price of $3,250,000. It sold on April 29th, 2011 for $2,625,000.
The most expensive condo sold was the #PH9 penthouse at 46-30 Center Boulevard. Located in Long Island City’s building “The View” (which was covered by Curbed on many different occasions), the penthouse sold for $1,660,000 on November 22nd.
From left to right: The oceanfront house at 131 Beach 139th Street, the home at 5 Center Drive and “The View” building in Long Island City
Finally, here’s the complete top 10 of the biggest Queens real estate residential transactions in 2011:
| Address | Sale Price | Sale Date |
| 131 Beach 139th Street | $3,200,000 | 09/27 |
| 5 Center Drive | $2,625,000 | 04/29 |
| 134 75th Road | $2,600,000 | 07/12 |
| 181 Beach 145th Street | $2,600,000 | 10/04 |
| 46-10 Dongan Avenue | $2,570,000 | 02/11 |
| 6 Center Drive | $2,350,000 | 10/28 |
| 5 Russell Place | $2,300,000 | 02/01 |
| 252-19 Thornhill Avenue | $2,300,000 | 08/29 |
| 12 Greenway North | $2,275,000 | 05/11 |
| 19 Markwood Place | $2,275,000 | 10/11 |
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