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Queens’ real estate sales outshine rest of city for first quarter of ’12

By amol on April 19, 2012

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It’s a hot real estate market in Queens, with the borough leading the city in sales so far this year.

The Real Estate Board of New York reported that Queens had the most real estate sales of any borough in the first quarter of 2012, with 2,919 transactions compared to 2,592 last year, a 13 percent increase.

The Bronx was up there as well, with a 14 percent increase to 549 transactions in the first quarter compared to 482 last year.

“Sales activity in Queens and the Bronx show steady growth as well as the one- to three-family homes in Bedford-Stuyvesant, Bushwick and Brownsville,“ said Steven Spinola, president of the realty board. Based on the first-quarter results and an improving economy, we expect a

Article source: http://www.timesledger.com/stories/2012/16/queensrealestate_all_2012_04_19_q.html

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