In the past year, Queens has witnessed the highest number of sales in luxury homes—houses that cost upward of $1 million—in the borough's history, a Property Shark analysis has revealed. According to the report, 287 luxury houses completed sales in the first ten months of the year, compared to 228 last year—and that was the first time the borough had recorded sales of over 200 such homes since the housing bubble burst at the end of 2007.
Hunters Point led all neighborhoods in the borough with 48 homes with price tags over $1 million being sold. This was followed by Forest Hills with 33 sales, Forest Hills Gardens with 22, Bayside with 19, and Whitestone at 16.
Median prices of homes throughout the borough, on the other hand, remain low in comparison to the other boroughs: For example, the price measured for the first ten months of the year was $362,000 compared to $585,000 in Brooklyn.
· Property Shark Analysis [Property Shark]
· Buyers Turn to Queens as Brooklyn Prices Reach All-Time High [Curbed]