Jackson Heights 2017 Real Estate Value Projections
2016 Year End Review and 2017 Real Estate Value Projections
The predictions of Armen & Armen held true in 2016 proving to be a phenomenal year for Jackson Heights Real Estate value. We witnessed several price point spikes and yet the new market averages showed a steady 8% climb from 2015.
NEW 2016 Pricing Averages
- 3 Bedroom – 2 Bath $900,000
- 2 Bedroom – 2 Bath $725,000
- 2 Bedroom – 1 Bath $600,000
- 1 Bedroom – 1 Bath $385,00
- Studio – 1 Bath $200,000
What should we expect to see in 2017? While many make speculations based on factors like political climate, national unemployment rate, interest rate projections, housing stock figures we draw our conclusions from practical observations of buyer demand and existing housing supply in Jackson Heights. Currently we have not seen any slowing of sales or decrease in showings at our listed properties. We firmly believe this indicates a healthy real estate market in Jackson Heights. No slowing of sales or decrease in buyer foot traffic has been observed at our property listings, what a better benchmark for our marketplace. We simply will see further price appreciation in 2017.