In autumn of 2020, all signs point to a buyers’ market in Briarwood, Queens. Inventory is heating up with new Briarwood homes for sale listed every day. If COVID-19 has made you a little apprehensive about making a real estate move, we want to be the first to tell you that it might be time to check out the listings in Briarwood.
Current Real Estate Trends in Briarwood
According to realtor.com, the median price of Briarwood homes for sale in October of 2020 was $402,000. This figure comes in significantly lower than October 2019, when the median sale price was $512,000.
Are you planning to rent in Briarwood? According to apartments.com, an average two-bedroom apartment in Briarwood currently rents for $2,276 per month. A quick look at rental listings will tell you that this is far lower than other Queens communities.
Living in Briarwood
Any real estate agent will tell you that location is important. If you don’t love your community, you won’t love your home. The best way to determine if Briarwood is a good fit is to spend a day touring the streets. If you simply can’t wait to visit us, here are a few quick tidbits about Briarwood to pique your curiosity:
- Briarwood homes for sale include multi-family and single-family options, many nestled on residential streets.
- Briarwood is home to a mix of new developments and older structures.
- Briarwood residents report easy commutes to Manhattan via subway.
- Briarwood is known for its lower price tags, slower pace, diversity and sense of community.
Staying Safe During Your Home Search
While your home search might look different these days, the end result remains the same: to help you reach your real estate goals. Here are a few things you might notice under recent COVID-19 regulations:
- Mandatory masks during all face-to-face interactions.
- No handshakes (don’t take it personally!).
- Virtual home tours.
- Electronic paperwork completion.
The trends are in your favor and it seems like Briarwood is the place to be! Get in touch with Briarwood Realty today to learn more about Briarwood homes for sale!
Contact us today at (718) 380-5000 or email us here.