Prices and sales of single-family homes are on the rise in the Queens neighborhood of Jackson Heights.
Indeed, sales increased every quarter last year , with fourth quarter sales the highest in 7 years, according to figures from the Beaudoin Realty Group. A total of 15 homes and 153 apartments sold, more than double the 77 sales for the same quarter in 2012.
For the year, total apartment sales rose 50 percent to 429 deals. Co-op sales were particularly strong. Six-room units at Hawthorne Court, for instance, passed the $700,000 price mark for the first time ever, according to Brownstoner. Currently the most expensive co-op on the market in Jackson Heights is a 1,700-square-foot three-bedroom apartment at 3730 83rd Street for $695,000.
Average sales prices rose 11 percent across all categories, according to the report. [Brownstoner] – Angela Hunt