{"id":7072,"date":"2012-02-01T08:45:34","date_gmt":"2012-02-01T12:45:34","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=7072"},"modified":"2025-07-09T12:10:32","modified_gmt":"2025-07-09T09:10:32","slug":"home-sales-in-queens-take-a-dip-in-2011-but-prices-keep-up","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2012\/02\/01\/home-sales-in-queens-take-a-dip-in-2011-but-prices-keep-up\/","title":{"rendered":"Home Sales in Queens Take a Dip in 2011, But Prices Keep Up"},"content":{"rendered":"
\"\"<\/a>

Click to enlarge<\/p><\/div>\n

The number of homes sold in Queens<\/strong> 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%.<\/p>\n

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<\/a>, Sunnyside and West Maspeth<\/a>. Here are some interesting properties that exchanged hands:<\/p>\n

131 Beach 139th Street<\/a>
\nThe 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.<\/p>\n

5 Center Drive<\/a>
\nThe second biggest transaction in Queens in 2011 was the single-family home at 5 Center Drive, Whitestone<\/a>. 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.<\/p>\n

The most expensive condo sold was the #PH9 penthouse at 46-30 Center Boulevard<\/a>. Located in Long Island City\u2019s building “The View” (which was covered by Curbed<\/a> on many different occasions), the penthouse sold for $1,660,000 on November 22nd.<\/p>\n

\"\"<\/a>

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<\/p><\/div>\n

Finally, here’s the complete top 10 of the biggest Queens real estate<\/a> residential transactions in 2011:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Address<\/strong><\/td>\nSale Price<\/strong><\/td>\nSale Date<\/strong><\/td>\n<\/tr>\n
131 Beach 139th Street<\/a><\/td>\n$3,200,000<\/td>\n09\/27<\/td>\n<\/tr>\n
5 Center Drive<\/a><\/td>\n$2,625,000<\/td>\n04\/29<\/td>\n<\/tr>\n
134 75th Road<\/a><\/td>\n$2,600,000<\/td>\n07\/12<\/td>\n<\/tr>\n
181 Beach 145th Street<\/a><\/td>\n$2,600,000<\/td>\n10\/04<\/td>\n<\/tr>\n
46-10 Dongan Avenue<\/a><\/td>\n$2,570,000<\/td>\n02\/11<\/td>\n<\/tr>\n
6 Center Drive<\/a><\/td>\n$2,350,000<\/td>\n10\/28<\/td>\n<\/tr>\n
5 Russell Place<\/a><\/td>\n$2,300,000<\/td>\n02\/01<\/td>\n<\/tr>\n
252-19 Thornhill Avenue<\/a><\/td>\n$2,300,000<\/td>\n08\/29<\/td>\n<\/tr>\n
12 Greenway North<\/a><\/td>\n$2,275,000<\/td>\n05\/11<\/td>\n<\/tr>\n
19 Markwood Place<\/a><\/td>\n$2,275,000<\/td>\n10\/11<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

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…<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[373],"tags":[113,114,493],"class_list":["post-7072","post","type-post","status-publish","format-standard","hentry","category-queens-real-estate","tag-queens-homes-for-sale","tag-queens-property","tag-queens-real-estate-2"],"yoast_head":"\nHome Sales in Queens Take a Dip in 2011, But Prices Keep Up - PropertyShark Real Estate Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2012\/02\/01\/home-sales-in-queens-take-a-dip-in-2011-but-prices-keep-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Sales in Queens Take a Dip in 2011, But Prices Keep Up\" \/>\n<meta property=\"og:description\" content=\"The number of homes sold in Queens decreased slightly in 2011 with 9,128 properties changing hands, our latest analysis shows. 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