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).

Image by Property Shark

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)

Image by Property Shark

For the full list visit Property Shark.

Image by Property Shark

Methodology – Property Shark factors includeMedian 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

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