Ravenswood-Dutch Kills top Queens in falling real estate prices

A RealtyHop analysis found that the Ravenswood-Dutch Kills area led Queens in falling median percentage real estate prices in June.

The area, identified as “Queensbridge-Ravenswood-Long Island City,” – the map shows Ravenswood, QB and Dutch Kills below 36th Ave over to Northern Boulevard – saw a median percentage price drop of 10.6% (-$133,475). What, no one wants to live here anymore?

Just behind us is East Elmhurst, followed by the Hammels-Arverne-Edgemere part of the Rockaways, followed by Jamaica, according to a closer read by Queens Courier.

We came in four citywide for top five highest median percentage price drops, sharing a category with four Bronx neighborhoods, and made the top five list for neighborhoods with highest median dollar price drops, at number two just behind SoHo-Tribeca-Civic Center-Little Italy. Yea, check us out.

H/T Queens Courier

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