The Real Estate Report

Queens, Brooklyn, Bronx, Staten Island & Nassau Values (1990-2001)

A Historic Summary of Sales Activity by# of Sales, Average Sales Price, and % Change from 1990 to 2001 and % Change from 1999 to 2001. How to use this table: Example, for Queens in 2001 there were 8,098 1 Families sold, the Average Sales Price was $269,257. This represented a 34.07% increase from 1990 and 3.26% decrease from 2000 for homes sold. For average sales price, a 43.42% increase from 1990 and 12.77% increase from 2000.

QUEENS county
QUEENS FOR 1990 FOR 1998 FOR 2000 FOR 2001 %chng 1990-2001 %chng 2000-2001

# 1 Fam

 6,040 7,759 8,371 8,098 34.07 -3.26

Avg SP$

 189,060 199,671 238,759 269,257 42.42 12.77

#2-4 Fam

 3,401 5,399 6,228 5,816 71.01 -6.62

Avg SP$

 219,440 223,897 280,109 311,326 41.87 11.14

BROOKLYN (Kings county)

BROOKLYN FOR 1990 FOR 1998 FOR 2000 FOR 2001 * %chng 1990-2001 %chng 2000-2001

# 1 Fam

 1,662 2,649 3,007 2,580 55.23 -14.2

Avg SP$

 205,519 212,574 264,916 292,241 42.2 10.31

#2-4 Fam

 3,105 6,424 7,150 6,678 115.07 -6.6

Avg SP$

 208,699 226,412 277,648 305,676 46.47 10.09

BRONX county

BRONX FOR 1990 FOR 1998 FOR 2000 FOR 2001 %chng 1990-2001 %chng 2000-2001

# 1 Fam

 not available 1,103 1,220 1,073 n/a -12.05

Avg SP$

 not available 179,463 212,203 232,037 n/a 9.35

#2-4 Fam

 not available 1,869 2,225 2,171 n/a -2.43

Avg SP$

 not available 195,301 224,290 248,788 n/a 10.92

STATEN ISLAND (Richmond county)

STATN ISL FOR 1990 FOR 1998 FOR 2000 FOR 2001 %chng 1990-2001 %chng 2000-2001

# 1 Fam

 not available 3,740 3,793 3,927 n/a 3.53

Avg SP$

 not available 179,764 222,722 251,216 n/a 12.79

#2-4 Fam

 not available 1,148 1,351 1,358 n/a 0.52

Avg SP$

 not available 199,050 257,700 294,892 n/a 14.43

NASSAU county

NASSAU FOR 1990 FOR 1998 FOR 2000 FOR 2001 %chng 1990-2001 %chng 2000-2001

# 1 Fam

 9,811 15,713 14,262 14,230 45.04 -0.22

Avg SP$

 230,503 263,886 324,927 357,925 55.28 10.16

This information was produced by Prudential Action Real Estate with permission from deed transfers compiled by COMPS, Inc.

and may not be reproduced or used in any manner without written permission from Prudential Action Real Estate and COMPS, Inc.

These findings were calculated on all deed recordings greater than $50,000 and up to $3,000,000 for Bronx, Brooklyn, Queens and Staten Island and up to $10,000,000 for Nassau based on sales from deed recordings to May 2002. Market Statistics were compiled from the Department of City Planning's Socioeconomic Profiles of the City of New York and US Bureau of the Census Information.

 

Market Statistics

County Population Sq. Miles # 1 Fam Houses

Queens

 1,952,000 112 212,160

Brooklyn

 2,301,000 82 103,147

Bronx

 1,204,000 44 43,932

Staten Island

 379,000 60 75,244

Nassau

 1,287,000 285 353,544

Totals

 7,123,000 583 788,027

 

County Total Housing Units % Owner Occupied Median Income

Queens

 752,690 42.4% 34,186

Brooklyn

 873,671 25.9% 25,684

Bronx

 440,955 17.9% 21,944

Staten Island

 139,726 63.7% 43,861

Nassau

 446,292 80.4% 54,283

 

Questions on specific towns or any other questions, can be directed to

Glen Calderon at 718-835-8800 x205, fax at 718-738-6100 or E-mail website@glensold.com

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