The Reel

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A blog for breaking sales and neighborhood real estate news.

Queens is well on track to reach an all-time high in dollar volume.  During the first three quarters of 2014, dollar volume was $2.6 billion, which exceeds 2013's entire year total. In annualized terms, Queens is on track to reach a dollar volume of $3.5B in 2014, almost $1B more than the previous high of 2006. Price per square foot was $297 during the first three quarters of 2014, up 5% from 2013's annual average.

Ridgewood is on track to become the most active neighborhood in terms of number of buildings sold in Queens.  The average price per square foot in Ridgewood was $198 in the first three quarters of 2014, significantly lower than the other top investment markets like Astoria, Long Island City, Flushing, and Sunnyside, which all have prices per square foot north of $300.

Neighborhoods: Ridgewood