Posts made by author 'Andres Emilio Soto'

Andres Emilio Soto Insights & Blog

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March
6

As a real estate agent it's always important to research market data, which isn't easily found to the public, to see what's really happening in the Forest Hills Coop market. The purchase process of buying and closing a Coop isn't easy but I hope the data will provide some beneficial information for both buyers and sellers as to where the market has been. I say has been because closed data can only be recorded, well, when properties close.

This data should be taken as an overall picture and not a focused building specific or apartment specific analysis. I would like to also note that only data from Onekey MLS was used for this data, so it could be missing closing from other third party sources that don't list on Onekey MLS or perhaps sold privately. Finally the hardest data to analyse are two bedroom one bath apartments. As many times, Junior 4 apartments, are marketed as two bedroom and one bath.

This will be a series of monthly updates for the Coop market in Forest Hills and time permitting will be updated and released before the 5th of every month. With all this said here is that data from January to February 2026.

JANUARY FEBRUARY
STUDIO
MIN $120,000 $180,000
MAX $335,000 $270,000
AVG $209,429 $215,667
MEDIAN $210,000 $197,000
CLOSINGS 7 3
AVG DOM 64 65
JANUARY FEBRUARY
1 BED / 1 BATH
MIN $237,000 $220,000
MAX $440,000 $479,000
AVG $332,667 $307,889
MEDIAN $319,000 $285,000
CLOSINGS 12 9
AVG DOM 67 123
JANUARY FEBRUARY
2 BED / 1 BATH
MIN $290,000 $365,000
MAX $599,000 $785,000
AVG $447,000 $534,750
MEDIAN $449,500 $497,500
CLOSINGS 8 8
AVG DOM 50 168
JANUARY FEBRUARY
2 BED / 2 BATH
MIN $0 $555,000
MAX $0 $949,000
AVG $0 $754,750
MEDIAN $0 $757,500
CLOSINGS 0 4
AVG DOM 0 29
JANUARY FEBRUARY
3 BED / 2 BATH
MIN $689,000 $635,000
MAX $689,000 $849,000
AVG $689,000 $742,000
MEDIAN $689,000 $742,000
CLOSINGS 1 2
AVG DOM 26 109
JANUARY FEBRUARY
3 BED / 3 BATH
MIN $0 $0
MAX $0 $0
AVG $0 $0
MEDIAN $0 $0
CLOSINGS 0 0
AVG DOM 0 0

The biggest thing I saw was that 1-bedroom, 1-bathroom homes are definitely the most common type of apartment selling right now. In fact as of this writing there are currently over 85 one bedroom apartments in Forest Hills currently available. The average selling price for these 1-bedroom Forest Hills Coops dropped a bit. It went from $332,000 in January down to roughly $307,000 in February. What's a bit alarming for me is that those that closed in February had an average Days on Market (DOM) of 123 days. DOM is calculated from the time when a property goes on the market live to when it goes under contract.

When looking at the 2-bedroom, 1-bathroom homes, the data told a different story. Even though 8 homes sold in both January and February, the prices went up a lot. That might have to do more with actual "full" two bedroom coops selling in Forest Hills versus what agents might label a 2 bedroom as a junior four apartment. In January, the average selling price was $447,000 and in February it was $534,000. And very similar to 1-Bedrooms, the average DOM for these two-bedroom Coops in Forest Hills was 168 days.

I think it's always better to look at these closing prices and statistics rather than just guessing what the market is doing. It helps us all stay informed about what's happening right here in Forest Hills.

February
13

8 Steps to a Successful Real Estate Career

1. Get a Real Estate License: "Start Your Real Estate Career with a License: Meet the Requirements and Pass the Exam"

Obtaining a real estate license is the first step to starting a career in this field. Before you can start working as a licensed real estate agent, you'll need to complete a specific number of education hours, which vary by state. Once you've met the educational requirements, you'll need to pass a state licensing exam. The licensing exam will test your knowledge of real estate principles and practices, as well as state and federal laws related to real estate. Before you take the exam, it may be helpful to take a pre-licensing course to prepare and ensure you are fully equipped with the knowledge you need. Additionally, it's important to verify the requirements with your stat...

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January
26

Ten Pointers to Help You Pass a Board Interview

Being invited to the interview is a good sign. The interview is the board's opportunity to meet you and ask specific questions about your application. The style of the interview can range from an informal gathering of board members in an apartment to a formal interview with board members lined up at a table with you in the hot seat.

Dress up and be prompt. In terms of dress and promptness only, see tip six below, a board interview should be treated no differently than a professional job interview.

Prepare for lack of privacy. The board has great latitude in the kinds of questions it can ask, be prepared for this and do not avoid answers to pers...

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