Queens is getting its luxury on
by Luxury.Net
The luxury Sky View Parc situated in downtown Flushing, Queens, had reached the 75-percent sold milestone last week, on an average 20 sales per month. The 448-unit development is one of the top-selling residential buildings in the City, according to PropertyShark.com. The Sky View Parc features the amazing views of Manhattan and a health club and also a spa. It is the designed by the award winning architectural design firm. Perkins Eastman. The residences are also allowed to live without compromise. Condominiums range from studios to three bedrooms with contemporary finishes, and nine foot ceilings, in-unit washer and dryer, overhead windows, unparalleled views and natural light. There is also an exciting sanctuary for the residents. The four acre beautifully landscaped park features bamboo-lined walking traits, a playground and dog run, water fountains, gas fried grills and also the picnic tables.
According to the latest new development market report from StreetEasy.com, it is been portrayed that although prices in the borough were generally stable through the last quarter, luxury pricing edged above year ago levels. The medium sales price of a luxury property was $852,500, up 2.9% from the prior year quarter result. While the average sales price rose 4.6% to $417, 231, the median sales price for the whole market slipped 3.9% to $370,000 from the prior year quarter. The number of new development sales declined 8.5% to 2,509 because the actual listing inventory shrunk by 12.2% to 9,052 units from the same period previous year. During the last quarter, Queens’s listings spent an average 79 days on the market. According to Street Easy, it has been down from 108 days in the prior year quarter. Also the discounts dropped to 3.9% from 6.6% in the same period last year. The mortgage underwriting continues to be “rationally tight, said Street Easy, but mortgage rates continue drive entry-level demand.
