The Elliman market report for Queens' fourth quarter showed a stable end of the year for the borough, despite drops in both median sales price and number of sales. Now brokerage Modern Spaces has offered up some more specific numbers for Long Island City. Prices are on the upswing following their rise in Manhattan, the report says, though it doesn't provide comparative numbers. The average LIC 1BR sale price is now $524,667. The full slate of price averages is charted and graphed above.
· Strong 2011 Finish for Lower-End Market in Brooklyn, Queens [Curbed]
· Market Report coverage [Curbed]