Aug. 20, 2024 By Ethan Marshall New York City saw the number of new listings in July 2024 reach its lowest level since 2016, with Queens experiencing a deep decline in new listings over this period, according to a report by the real estate listing site StreetEasy. Year-over-year, the number of new listings in…
Tag: real-estate-newsletter
Average rental price in Queens continues upward trend in July 2024: report
Aug. 14, 2024 By Ethan Marshall The average rental price for all units in Queens rose 6.76% year-over-year in July 2024, according to a report by the real estate firm M.N.S. Real Estate. This jump continues an upward trend seen in the previous month. The overall average rental price in Queens jumped from $2,734…
Queens Borough President hosts hearing on City of Yes For Housing Opportunity: Residents voice support and opposition for rezoning proposal
Aug. 12, 2024 By Athena Dawson Dozens of residents testified in person and on Zoom for a City of Yes for Housing hearing chaired by Queens Borough President Donovan Richards on Thursday, Aug. 8. Residents headed to the second floor of Queens Borough Hall in Kew Gardens to voice their varying opinions on the …
Apartment space in Queens among most costly in United States: report
Aug. 7, 2024 By Ethan Marshall Out of the 100 largest cities in the United States, Queens ranked 95th when it came to the average size of an apartment for $1,500 a month, according to a report by the real estate site RentCafe. The study’s results concluded that apartments in Queens with a $1,500…
Median sales price of new developments in Queens decreased in second quarter of 2024 from previous year: report
Aug. 1, 2024 By Ethan Marshall The median sales price for new developments across Queens fell from the second quarter of 2023 to the second quarter of 2024, according to a report by the New York City real estate firm M.N.S. Real Estate. Year-over-year, the median sales price for these developments in Queens dropped…
Queens ranked fifth-most popular area in the country for renters through first half of 2024: report
Jul. 24, 2024 By Ethan Marshall Queens had the fifth-highest amount of rental activity across the United States through the first half of 2024, according to a report by the real estate searching site RentCafe. Year-over-year, Queens had a 138% increase in page views on RentCafe from the first half of 2023 to 2024.…
High rents in NYC led to less demand for units in June 2024: report
Jul. 23, 2024 By Ethan Marshall The median asking price for rent in New York City rose in June 2024 compared to the same time the previous year, contributing heavily to less demand for rentals, according to a report by the real estate listing site StreetEasy. Year-over-year, the median asking rent in New York…
Nine Queens neighborhoods among top 50 most expensive in NYC during second quarter of 2024: report
Jul. 19, 2024 By Ethan Marshall Nine neighborhoods in Queens were among the top 50 in most expensive median sale prices across New York City during the second quarter of 2024, according to a report by the real estate agency PropertyShark. Hunters Point, Belle Harbor, Hollis Hills, Little Neck, Auburndale, Fresh Meadows, Queensboro Hill,…
Developers to break ground on MLS stadium in Willets Point early fall
Jul. 16, 2024 By Shane O’Brien The developers behind New York City FC’s planned 25,000-seat stadium in Willets Point aim to break ground in early fall, according to NYCFC Sporting Director David Lee. In April, the New York City Council approved plans for NYCFC’s proposed 25,000-seat stadium, as well as a 2,500-unit affordable housing…
Average rental price in Queens up more than 6% from last year to $2,900: Report
Jul. 16, 2024 By Ethan Marshall The overall average rental price in Queens in June 2024 rose 6.49% from the same month last year, according to a report by the real estate firm M.N.S. Real Estate. Studio, one-bedroom and two-bedroom units in Queens all had jumps in the average cost of rent. The overall…