QUEENS — Real estate in Rego Park, Forest Hills and Kew Gardens is booming, according to a report from the Real Estate Board of New York.
The three neighborhoods top the list of Queens' most active for sales, with the greatest growth in prices and the largest number of deals, the report said.
The area saw 378 sales in the second quarter of this year. The average price of a home in that period went up by 27 percent compared to the same period last year — from $344,000 to $437,000.
The study comes on the heels of another report released earlier this week which revealed that Brooklyn and Queens saw average home prices reach record highs in the second quarter of 2015.
According to the Real Estate Board of New York report, Flushing — where 325 homes were sold in the second quarter — is also among the most active neighborhoods in the borough. The average price of a home there rose to $542,000 in the last quarter, from $515,000 in 2014, according to the report.
There were 275 homes sold in Springfield Gardens, Jamaica, South Jamaica and Baisley Park, where the average price of a home in the second quarter increased by 18 percent, from $319,000 in 2014 to $376,000 this year.
The report also pointed out that the number of one- to three-family homes sold in Springfield Gardens, Jamaica, South Jamaica and Baisley Park in the second quarter of 2015 increased to 266 from 242 last year.
The average sales prices in that area also rose by 17 percent to $382,000 in the second quarter of 2015, compared to $328,000 in the same period last year.
The average sales price of a home in Queens was $469,000, up 9 percent from the second quarter of 2014, the report said.
