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PHOENIX FALL REAL ESTA TE/HOMECOME LIVE IN NEW YORK%u2019SBEST NEIGHBORHOODMeridian RealtySales %u2022 Co-ops %u2022 RentalsOur friendly and courteous sales staff will be happy to assist you in finding the home that%u2019s right for you.LOW FEELISTINGS WELCOME175 Court St. Brooklyn 11201 (718) 643-1640151 M ontague St. Brooklyn 11201 (718) 935-1300r \G a r d e n P a r t yDesign %u2022 Installation %u2022 Maintenance Patios %u2022 Water Elements %u2022 DecksVisit our townhouse garden call 788-4980 \carol joos, cabinetmakerformerly ferris & jooswoodworking by womencustom kitchen cabinets,wall units, bookcases, stairs,/Co n e \LOCKSMITHS, INC.6 2 4 -0 7 1 1We%u2019re Number 1 forSecurity and Service24-Hour Emergency ServiceAlarms %u2022 Door Buzzers %u2022 GatesFREE ESTIMATES 485 Court St. (corn. Nelson)MISTATELEPHONESYSTEMSSALESERVICEINSTALLATIONBUSINESSRESIDENCECALLTODAYFORFREEESTIMATE(718) 834-1530LEVOLORBLINDS 50%OFFkraftIn Park Slope 145 7th Ave. Bklyn. NY 11215 636-1550WHAT DOESIT MEAN?It means we treat you, our client with loving consideration %u2014 that we love our work and our neighborhood. We%u2019ve been here a full generation and we have contacts which enable us to serve your needs %u2014 not ours alone!HOUSE FOR SALE BOERUM HILL3-story brick, one family, double parlors and deck. Agreeable terms.$295,000The Loving Bernard AtkinsBernard H. Atkins Real Estate160 Montague St. %u2022 643-0101Home Sales And Resales Are UpFwi the second consecutive quarter, New York State had a higher rate of existing home sales than the previous quarter, according to the quarterly report issued by the New York State Association of Realtors, Inc.Home resale activity in the state during the April to June quarter was 26.6 percent higher than in the second quarter last year. On a seasonally adjusted annual basis, home resales (including existing single family homes, apartment, condominium and cooperative units) rose to 222,000 units during the second quarter, compared with 175,300 units during the same three month period in 1985.Nationwide, resale activity rose 14.5 percent from the April - June quarter of last year to the second quarter of this year to a seasonally adjusted annual rate of 3.78 million units.Interest rates overall were lower during the second quarter of this year. The second quarter rate, reported by the Federal Home Loan Bank Board, was 10.41 percent, compared to 10.56 percent for the first quarter of 1986 and 14.34 percent a year ago.%u201cThe present strength of existing home sales has been universally attributed to lower interest rates which have not been this low in seven years,%u201d according to Charles M. Staro, NYSAR executive vice president. %u201cAdditionally, we can see that confidence in the economy, increasing family incomes, and a strong move-up buyer market continue to contribute to the boom in residential sales.%u201dMedian prices for existing single family homes ranged from $32,860 reported by the Montgomery County Board of Realtors to $251,508 in Westchester County.The statewide median price for an existing home rose 4.9 percent above the first quarter median to $79,730, but remained below the nationwide second quarter median of $81,900. The Albany median price of $76,040, the Saratoga median of $83,820 and the Ulster median of $85,630 were the closest to the statewide and nation-wide second quarter median prices. Fourteen local boards reported increases in median resale prices from the first quarter of 1986 to this year%u2019s second quarter, while 10 local board reported decreases. The largest first to second quarter appreciation rates were in the Glens Falls region (38.4 percent), Cayuga County (21.2 percent), Saratoga County (19.6 percent) and Utica (11.4 percent).%u201cPrices are responding naturally to the greater demand for homes,%u201d Staro pointed out. %u201cWhen interest rates fall more and more buyers enter the market, it results in increased home values. Some areas have reported a decrease in median prices,%u201d he continued, %u201cand this may be due to the change in the size of homes sold, ratherthan a change in the price of a similar home.%u201dMore than 47 percent of resale homes sold last quarter had three bedrooms, while 42 percent had four bedrooms or more, and 11 percent had two bedrooms or less.Statewide, a typical home remained on the market for 35 days from initial listing to sale, down from 47 days for the first quarter of 1986. Regionally, the shortest reported sales period occurred in the Western Region where homes were on the market for only 26 days. On the local level, homes stayed on the market 26 days in the Buffalo area, 29 days in the Rochester area and 30 days around Syracuse.The conventional-fixed rate mortgage remains the most popular type of financing, as it was used in over 50 percent of the transactions reported, up from 47 percent in the first quarter. FHA loans were used in 29 percent of the transactions.The median resale price for the Metropolitan New York Region foi the second quarter ol 198b was $160,000, up from the median price of S i47. 200 icporteil during the first quarter ol 1986 - an S.7 peicent increase. The data tor the time on the market and type of financing were not available. Additionally, the information below is only representative of data provided by the MLS of Long Is land. Inc. The median sales price foi homes on l ong Island in the second quarter report was $152. 300, up 8.(i percent from the first quarter price of SI40.300.Distiihution of existing single family home sales In number of bedroomsMedia.: Tv %u2022 pi ice of exist me single la mils homes by numbei ol hediooms2 OR IJ NS < 4 OR MORIN D M lilR O l BIDROOMSg l e n n s m i t hd e s i g nlandscape * decks rooftop & terrace gardens(718) 788-2136FREE ESTIMATESFULL SERVICELOCKSMITHMEDICO*FICHETSEGAL1 Foreign car locks k keys%u2022 Window gales%u2022 High Security Locking Systemsm io i nSECURITYINC.163 Joralemon SI.Brooklyn Heights 718-834-1530EASY LIVINGALARMS INC.163 JORALEMON ST BROOKLYN HEIGHTS, NYALARMSINTERCOMSFAST SERVICESales & Service, Free Estimates plusFull One-YfiarGuarantee.Tel. (718) 855-3200Page 22, THE PHOENIX, September 11, 1986