NYC Foreclosures up 58% Y-o-Y in 2017, Reach Highest Level in 8 Years
Key findings 3,306 NYC homes were scheduled for auction in 2017, representing a 58% year-over-year increase Staten Island, up 134%, sees the most dramatic year-over-year increase In Brooklyn, first-time auctions doubled compared to 2016 Queens and the Bronx see increases of 40% and 44%, respectively 12,072 homeowners received a lis pendens filing in 2017, down…
Top 10 Home Sales in The Hamptons in 2017
Note:Â On January 8th, 2018, the article was updated to include three more home sales recorded in 2017. As a result, the top 10 was modified to reflect the updated ranking. In 2017, the largest luxury home sale recorded in the Hamptons was nowhere near the record of $70,000,000 set in 2016 by the property at…
Top Most Expensive US Zip Codes in 2017
Ranking the priciest zip codes in the US based on closed home sales It’s December which means it’s time for our annual report on the 100 most expensive zip codes in the United States. We consider our report to be the most accurate benchmark of the country’s most exclusive areas as we are the only…
Most Expensive Zip Codes in Chicago in 2017
Key Takeaways: Chicago’s most expensive zip code (60603) has a median home price of $520,000 Ranking third, 60602 saw the largest y-o-y increase in median home prices—43% At the end of October 2017, median home prices in Chicago reached $254,000 A previous PropertyShark study looking at the priciest zip codes in Illinois in 2016 showed that Chicago…
Top 10 Most Expensive Homes Sold in LA County in 2017
This year, the most expensive homes sold in L.A. County didn’t manage to surpass the record $100 million price tag fetched by the iconic Playboy Mansion in 2016. However, that doesn’t mean that some luxury homes didn’t trade for dazzling amounts in 2017. The first property on our list sold for $88,000,000 and is, according to Curbed…
TriBeCa and SoHo Remain Most Expensive Neighborhoods in New York City
Key Takeaways: TriBeCa reigns as the #1 most expensive neighborhood in NYC with $4.68M median sale price Boerum Hill pushes into top 10 with 54% price growth Brooklyn’s Fort Greene registers highest median price growth at 95% DUMBO remains Brooklyn’s priciest neighborhood at #6 in our top 50 The Upper East Side was the most…
Newark’s Top 5 Fastest-Rising Neighborhoods
At the end of Q3 2017, the real estate market in Newark seemed to be on an upward path. Our most recent study showed that at the end of September 2017, the median sale price in the city reached $151,000, an increase of $30,000 compared to the same period in 2012. To better understand how…
East Coast vs West Coast: Which Sells More Million-Dollar Homes?
Besides the East Coast vs West Coast hip-hop rivalry of the 90s, the two coasts have long been subject to comparisons and cultural differences. When it comes to housing, they do have unaffordability and sky-high prices in common, as most of the nation’s priciest markets are located along the coasts. In many places around the…
Manhattan Office Sales Drop below $1B in Q3
Key Takeaways: Q3 closes with sales below $1 billion for the first time in 5 years Average prices rest below $1,000 per square foot 375 Hudson Street trades for $465M in largest deal of the quarter Roughly 3MSF of office space scheduled for delivery during Q4 Office Sales Volume Drops 67% Y-o-Y According to the…
Home Prices in LA County Are 69% Higher Than 5 Years Ago
Key Takeaways: Home prices have increased for 5 consecutive years at an average annual rate of 11% Real estate in the county is now 66% more expensive than 5 years ago Price per square foot reached $389 — 69% higher than 5 years ago Manhattan Beach has the most expensive median price per square foot…
20 Years of Ups and Downs – US Office Sales Before and After the Crisis
Over the past 20 years, the U.S. economy has been through a boom, a bust, and a hike. Each of these turning points altered the financial landscape and, consequently, the real estate industry. Undoubtedly, the protagonist in the story of the financial crisis has been the residential market–scarred by the demise of some major lenders…
Boston’s Top 5 Fastest-Rising Neighborhoods in 2017
The Boston housing market has been on a fast track in the past year and, according to Forbes, it’ll continue to thrive as the city further develops into an international hub. In a quest to better understand how the market has evolved over the past few years, we started digging deeper to see to what extent…
Vancouver Real Estate More Unaffordable Than Manhattan, Study Finds
According to an analysis recently released by our sister website Point2 Homes, Vancouver is the most unaffordable market in North America, even more so than Manhattan. The study measured affordability in the 50 most populous cities in Canada, the United States and Mexico by dividing the median home sale price by the yearly median household…
California’s New Renting Trends Are Set to Change the Multifamily Industry’s Focus
Renting trends have taken a new turn during the last decade with more and more people shifting from owning a home to renting one. This is happening due to the constant rise in house prices, tight credit rules or possibly simply out of sheer convenience. And it’s not just the number of renters that has…
The Most Expensive Zip Codes in Colorado – Mountain Resorts in the Lead
Quick facts: Aspen’s 81611 is the #1 most expensive zip code in Colorado Boulder’s 80302 and 80304 tied for the second spot Denver and Douglas County have the highest number of pricey zips – 11 Ranked as one of the best performing housing markets in the country by Freddie Mac close to a year ago,…
Here’s Where Home Prices Increased the Most in Silicon Valley
Key findings Prices in Menlo Park, Mountain View doubled since 2007; Palo Alto median price surged 131% Median home sale prices added more than $1 million over the past decade in seven towns Atherton is Silicon Valley’s most expensive town – the median sale price here increased 45% since 2007 and hit $5.1 million Los…
Brooklyn Residents, Developers Brace for L-Train Shutdown
The news of the L-train shutdown caused strong reactions among Brooklyn residents, but not only them. Brokers, developers, landlords and business owners alike are worried about what the shutdown will mean for their businesses. So far, it looks like everyone needs to stay on top of the situation if they want to get through those…
C.A.R Forecast: Housing Market Will Keep Going Strong in 2018
California’s economy is expected to grow and bring forward a strong housing demand in 2018, according to the California Association of Realtors. The housing market will keep growing, albeit at a slower pace, the slowdown being attributed to the supply challenges that will carry on in the next year, as per the report. Median home…
SkyView Parc is the #1 Best-Selling Building in NYC for Q3 2017
In our recent ranking of the priciest neighborhoods in New York City in Q3 2017, Manhattan had a total of 24 neighborhoods in the top 50, of which 8 were also in the top 10. At the same time, Brooklyn performed admirably, with 21 of the 50 spots on our list, and claiming the remaining two…
Flatiron Ranks #1 among the Priciest Neighborhoods in NYC
Key Takeaways: The Flatiron District is the most expensive neighborhood in NYC in Q3 TriBeCa occupies the second spot, with sales activity dropping considerably The exclusive Central Park South rounds out the top 3, with a median sale price of $3.4M Red Hook is Brooklyn’s most expensive neighborhood in Q3, overthrowing DUMBO In its most recent…
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