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Elliman Report: Queens Sales 4Q 2016

Queens continued to set new housing price records across the market yet still see more sales activity. Average sales price increased 9.8% to $573,455 to a new record while median sales price slipped $1,000 from the record set in the prior quarter. Median sales price increased 6% to $498,000 from the prior year period, the ninth increase in ten quarters. Median sales price year to date was up 6.8% to $470,000 over the same period a year ago. The luxury market threshold set a record of $990,000 and continues to flirt with the $1 million threshold…

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