Queensboro Bridge
The lack of inventory seems to be pushing prices up! In JacksonHeights as well as other Queens’ neighborhoods there seems to be a lack of houses, co-ops and condos on the market. Although we are being told by economists that it is a “buyers’ market”, the lack of good properties on the market has created a buzz with the buyers and the sellers!
Check out what NYOne’s coverage in northeastern Queens seems to have the same issues as here in Northwestern Queens. NYONE COVERS Real Estate market. I thought it was my imagination until I saw this video of Bayside, Whitestone (northeastern Queens). Judy Markowitz (a Broker in northeastern queens, Flushing, Whitestone, Bayside, Douglaston etc.) is a fine Broker and understands how the markets work.
The properties in poor condition seem to sit on the market for a long time. Doing work and getting estimates seem to be less popular! Properties in good condition seem to be a top priority! We are also getting multiple offers on select premium properties. We are in a “new” economic world with a new type of market! We all need to be savvy and wise about our financial decisions. Let’s see what the next few months bring our way!
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