Spoiler alert, none of them are in Staten Island.. As we close out the year, NYC real estate has been a bit of an old wooden roller coaster ride. With too much supply for uber-luxurious condos and homes, we have seen a decrease in this market, however lower to middle end properties seem to be doing just fine depending on the zipcode. TriBeCa was down 18%, but remains the most expensive neighborhood (median price $3.85 M).
Notable Positive Changes:
East Flushing moves up to #39 on the list
Garment District had a 41% increase from 2017, placing it at #3 on the list.
Roosevelt Island was up 44 % this year.
Greenpoint in Brooklyn climbed 34% to #14 on list.
Average Home Price in Brooklyn Over $1 Million for First Time Ever
Queens Gets Ready to Build it’s First Residential Tower over $1 Billion
Notable Negative Changes:
Financial District is in the red as it drops 34%.
Flatiron District down 32%.
Little Italy down a staggering 42%. (mamma mia)
For the full list visit Property Shark.
Methodology – Property Shark factors include: Median home sale prices calculated based on residential property sales closed between January 1, 2018 and November 23, 2018. The residential properties included in the stats are single-family homes, condos and co-ops
How do you make out this year? Let us know your thoughts on the ever-changing NYC real estate market.
Christopher Moretti / Chris@NYNJ.COM / © NYNJ.COM
