- 188 residential properties are on the market, - there were only 79 sales in the Past 90 Days, - 127 homes expired unsold (failed to sell) in the Past 90 Days.
So, only 20.05% of available homes have sold in the last 90 Days. At this absorption rate, it would take over seven (7) months for the existing inventory to be purchased. This does NOT include new properties coming to the market, the relisting of expireds, for sale by owner (FSBO) properties, or properties offered at foreclosure sale.
A real estate market is considered balanced when there is six (6) months of available inventory. Jackson Heights has more than this available. Jackson Heights is a currently a Buyers' Market.
Thinking about Selling? Call Diallo TODAY for expert advice and results!
ZIP Code: 11372 Approximate Location Boundaries: Woodside (West), East Elmhurst (North/Northeast), Corona (East), Elmhurst (South)
Location Characteristics: Centrally located, Jackson Heights is about 20 minutes to Manhattan by subway and 15-20 minutes to both Manhattan and Long Island by car (traffic-depending of course). Laguardia Airport is only 5 minutes away in East Elmhurst and JFK (Kennedy) Airport is 15-20 minutes away. JH is a very diverse neighborhood, culturally and in terms of property types. Jackson Heights boasts a large historic distric. Prevalent property types include a large number of cooperative apartments, single and multifamily homes, and some apartment houses. The historic district includes beautiful, large garden homes. Because of the diversity of property types, Jackson Heights can be a very affordable place to live and commute to Manhattan (to work or for leisure). Most of Jackson Heights (11372) is an easy walk to trains - 7 Train runs along the southern edge across the lenghth of neighborhood, E,F,G,R, V intersect with the 7 at the southwestern edge of the neighborhood (2 blocks from my office). Various local and express lines run throughout Jackson Heights. Jackson Heights is part of Community Board 3.
About Diallo J. Stevens:
Diallo J. Stevens is a professional, full-time Realtor. He specializes in residential and commercial sales services, including tax deferred exchanges. In 2006, only 4 CENTURY 21 agents in NYC or Long Island sold more real estate than Diallo (out of thousands of agents). He is the #1 Top Producer in the Top Producing CENTURY 21 Office in all of NYC and Long Island. Diallo is a Director and Past-Treasurer for the Western Queens Chapter of the Long Island Board of Realtors. Diallo's clients consistently get much better results than the market as a whole. Diallo has the knowledge, experience, and proven ability to handle all your real estate needs.
Diallo puts his education, skills, and credentials to work for you. He is a Certified Residential Specialist (CRS), a member of the Master Sales Society, a Graduate of REALTOR Institute (GRI), a Seniors Real Estate Specialist (SRES), Real Estate Cyberspace Specialist (RECS), and an e-PRO Internet Certified Professional.
Diallo's Core Values are:
To ALWAYS... ...Live by the "Get by Giving" philosophy ...Make his client's #1 goal, his #1 goal ...Live up to his standards, despite temptations to lower them ...Be willing to work towards a common goal ...Run a balanced business, while helping his clients transition with balance ...Have FUN while getting RESULTS
If these core values resonate with you, call Diallo today!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
