If you own a home, co-op or condo in Queens or Brooklyn you may be sitting on a gold mine. Cashing out on your metaphorical “gold brick” all starts with watching the market carefully.
Is the space, culture, and convenience of the outer boroughs stealing some spotlight from the legendary Manhattan market?
Queens 2015-2017
Brooklyn 2015-2017
According the NYSAR Market Report Data
So, almost in a 3 year span we are looking at a whopping 25% increase in Brooklyn prices and 16% in Queens prices. If you are considering selling your home, now might be the best time especially for those who purchased around 2009.
Ian Alexander projects by 2018 homes will be hitting the peak and interest rates are going to rise again which means less buyers flooding the market. Since the rates have risen to 4% we already have seen a decrease in purchases.
If you have any questions regarding the home selling process or just interested in getting information regarding your particular Queens or Brooklyn home. Feel Free to reach out to your local real estate expert.
A little about how we can help:
Ian Alexander Realty Group offers a Loyalty Program where we give our clients FREE Quarterly Market Reports for their home. Interested in being a part of our Loyalty Program? Please contact us at info@Iarealtygroup.com
