Dutch Kills
About Dutch Kills
Dutch Kills is a neighborhood in the New York City borough of Queens. It is located in the area north of the Queensboro Plaza station on the IRT Flushing Line, east of Sunnyside and Jackson Heights, south of Astoria, and west of Long Island City. Dutch Kills has been part of Greater Astoria since 1899. The neighborhood takes its name from a tidal stream, Dutch Kill (Dutch for “little creek”), that once ran through it. The stream was filled in during the construction of the elevated subway line that now runs through the area.
In recent years, Dutch Kills has experienced rapid gentrification, with new apartment buildings and townhouses springing up along its narrow streets. Many artists and professionals have been drawn to the area because of its location, affordability, and bohemian flair.
Local Real Estate Market in Dutch Kills
The Dutch Kills section of Queens, New York is a highly sought-after location for real estate. The neighborhood has seen a resurgence in popularity in recent years, as buyers and renters seek affordable housing options in close proximity to Manhattan. According to local experts, the market shows no signs of slowing down in the near future.
If you’re interested in buying or renting a property in Dutch Kills, it’s important to stay up-to-date on the latest trends and prices. Here’s what you need to know about the current state of the local market. The economy of Dutch Kills is still in recovery mode.
Despite the fact that Queens, New York has seen significant improvement in its economic profile in recent years, the local market is not yet at pre-recession levels. Home values are on the rise, but they’re still approximately 20 percent lower than they were just prior to the downturn. While there’s continued optimism for future growth, buyers should be prepared to act quickly when an attractive property hits the market.
Home sales saw a decline during 2012-2013. While home sales reached nearly 14 properties per month during 2011, this number dropped by almost 10% one year later. This decline impacted both house and condo sales equally. The average price point remains similar to 2011 levels, but fluctuations in median home values illustrate the market’s volatility.
Growth Rate and Property Rates of Dutch Kills
In a study recently conducted by the real estate analytics firm, RENTCafé, Dutch Kills in Long Island City was found to have one of the highest average rent prices and growth rates in New York City. The report analyzed neighborhoods with a population of over 10,000 and found that Dutch Kills had an annual rent increase of 8.5%, putting it at 6th on the list. With neighboring neighborhoods like Astoria and LIC booming with new businesses, restaurants, and art galleries, it’s no surprise that renters are flocking to Dutch Kills for its convenient location and affordable rents.
If you’re looking for a neighborhood with a high potential for investment or rental income growth, Dutch Kills is definitely worth considering. According to real estate data provider PropertyShark, the median sale price for homes in Dutch Kills increased by more than 60% between 2012 and 2017, from $480,000 to $780,000. At the same time, average rent prices have gone up by nearly 30%, from $3,100 per month in 2012 to $4,050 per month in 2017.
Selling Your Home in Dutch Kills
Are you looking to sell your home in Dutch Kills, New York? If so, you’ll want to make sure that you’re doing everything you can to get the best return on investment. A realtor has the experience and expertise to market your property effectively and guide you through the selling process. By working with a realtor, you can maximize your home’s value and get top dollar for your property.
But, there are also many downsides to selling your home with a realtor. Keep in mind that every situation is different, so it’s up to you if you want to spend your time and money using a realtor. Nowadays, cash buyers are the way to sell a home, as-is, for a cash offer.
There has been a lot of talk in the real estate industry lately about cash buyers. Who are they, and why are they so important? A cash buyer is someone who doesn’t need to finance their home purchase. This means they have the money available to buy a property outright. If you’re thinking about selling your home, it’s important to learn how to identify cash buyers and attract them as potential buyers.
With Simple Sell Home Buyers, you won’t have to worry about any of the hassles that selling your home usually entails, like cleaning up or getting it ready to market. With no inspections or appraisals, you will receive a competitive cash offer on the day of your tour, giving you the power to sell on your own schedule.
With the help of the Simple Sell Home Buyers team, you can sell us your house quickly and simply without any hidden fees or closing costs. We’ll even buy your property “as is” so you don’t have to worry about expensive repairs before we close on it! Contact us today at 516-614-3951 to find out more about how you could get a cash offer on your home!