Among Most Expensive Neighborhoods in L.A. Area, Beverly Hills Flats in First Place
Key Takeaways: Beverly Hills Flats becomes the #1 most expensive neighborhood in L.A. area Trousdale takes #2 spot with a median price of $6.3M Hill Section registers 88.5% y-o-y median price growth 8 neighborhoods posted medians above $3M While noticeably cooler than the first half of 2018 and Q3 2017, the top of the L.A….
TriBeCa Reigns as #1 Most Expensive NYC Neighborhood in Q3 2018, Despite 16% Y-o-Y Price Drop
Key takeaways: With a median exceeding $3.4M, TriBeCa reigns as the most expensive NYC neighborhood Garment District Skyrockets to #2 With 61% Y-o-Y Increase With a median of almost $3.1 million, SoHo lands the third spot in Q3 2018 Flatiron District prices see steepest drop year-over-year: 66% decrease With a median of $1.65 million, Brooklyn’s…
NYC Foreclosures Continue to Decline in Q3
Key takeaways: With only 716 unique cases, NYC foreclosures decreased 17% Y-o-Y; Queens had the most properties headed to the auction block in Q3: 303; First time foreclosures in Brooklyn stagnated Y-o-Y, the borough seeing only a -1% change; Year-over-year, the Bronx saw a 43% drop in foreclosure activity; With only 22 homes headed to…
What Premium Are New Yorkers Paying to Live near Central Park?
Editor’s Note: For more recent data on the premiums paid for living near NYC parks, including Central Park, see: The Park Premium: Do You Pay Extra to Buy Next to Manhattan’s Largest Parks? Not only does Manhattan have some of the most expensive real estate across the entire nation, but in certain exclusive spots you…
Where Can You Buy a Home Under $300/Sq. Ft. in Hudson County, NJ?
As New York becomes increasingly pricey, a growing number of buyers are looking for homes beyond the confines of the five boroughs. After all, the gentrification of Queens and Brooklyn has drastically changed the real estate landscape of the city. Only Staten Island and the Bronx offer homes priced below $500 per square foot in…
How Much Money Can You Save by Downsizing in California?
There comes a time when you realize that your spacious dream home takes up too much space and its upkeep is becoming both unsustainable and unnecessary. Downsizing can be an appealing option when certain rooms have transitioned into little more than costly storage spaces that need heating, cooling and cleaning. As you start getting near…
More Optimistic Than Millennials, Gen Z Is Here to Revolutionize the Housing Market
New kids on the block prize homeownership, aspire for larger homes and more amenities To better understand the difference in attitude between Gen Z, Millennials and Gen X towards homeownership, intergenerational living and saving for a down payment, PropertyShark conducted a generational survey on their preferences. Key takeaways: Like other economic sectors, the real estate…
Top 10 Best-Selling Residential Buildings in NYC – H1 2018
Condo sales were lukewarm in the first half of 2018, as only 537 residential units traded in the top 10 best-selling buildings in New York City. By comparison, that’s 130 units short of the number sold in just one building last year. Only four buildings posted triple-digit median sale figures in Manhattan and one in…
Where Can You Buy a Home Under $500/SF in NYC?
There was a time when you could have bought a home anywhere in Brooklyn or Queens for $500 per square foot, and possibly in some parts of Manhattan too. Nowadays, only the Bronx and Staten Island offer homes in this price range in every neighborhood, with the rest of the boroughs having homes listed at…
Malibu Home to the Most Expensive Neighborhoods in L.A. Area
Key Takeaways: Malibu Colony Beach remains the most expensive neighborhood in L.A. Region Beverly Hills Gateway takes second spot with $9.6 million median sale price 5 neighborhoods in the L.A. area posted medians above the $5 million mark Carbon Beach is the location of #1 most expensive home ever sold in L.A. Region Featuring two…
How Much Money Are You Left with Each Month After Paying All Expenses?
Key Takeaways: As an owner, you can save more than $4.5k/month in Manhattan and $3.5k in San Jose; Having the second-highest median income in the country, homeowners can save $2.6k in SF; With low living and housing costs, residents in Raleigh and Austin can save over $2k per month; Miami leaves a hole of more…
The Most Expensive Homes Ever Sold in California
Regularly ranking among the 10 largest GDPs globally, and boasting easy connectivity and endless lifestyle options, California is an attractive real estate market for global investors, especially on the upper end of the spectrum. The flow of foreign money into L.A.’s luxury real estate market became more pronounced after the 2008 housing crash, especially from…
TriBeCa, SoHo Still Most Expensive Neighborhoods in New York City, but DUMBO Gains Ground With 37% Price Increase
Key Takeaways: TriBeCa entrenched as #1 most expensive neighborhood in NYC, despite 26% Y-o-Y price drop With a $2.95 million median sale price, SoHo remains firmly in second place Brooklyn’s Homecrest sees sharpest median sale price increase at 80% At #3, DUMBO is Brooklyn’s priciest neighborhood The Upper East Side is NYC’s most active neighborhood…
How Many People Became Millionaires by Selling Their Homes Since the Turn of the Century?
Ever wondered what it takes to become a millionaire? Besides the obvious lottery jackpot, there are a few opportunities and smart investment strategies you can choose from in the hopes of joining that particular club, and if you follow a strict set of rules, you’re destined for success. Alternatively, you can just buy a house…
How Much Did Home Prices Increase in LA County since the Downturn?
Was buying a home 10 years ago in the City of Angels a good investment? We recently asked the same question about New York City and did a study on that, but this time around, we decided to shift our attention to the West Coast, specifically to L.A. County. Although very different markets, NYC and…
For $200K, Would You Rather Buy a Box in Manhattan or a Mansion in San Antonio?
Many say that location is the number one factor when deciding on buying a house, when in reality, it’s actually our finances. Realizing that with $200,000 you can only buy 126 square feet of living space in Manhattan, while in Cleveland you can get over 3,700 square feet, can seriously put things into perspective. The…
Was Buying an NYC Home a Good Investment During the Past Decade?
Buying a home is on almost everyone’s bucket list, but as soon as you find the perfect place, the all-too-familiar question pops up: is this investment worth it? Ever since the 2008 market crash, homebuyers think twice before spending their hard-earned money and savings on a down payment. Banks have also become more cautious and…
TriBeCa Remains NYC’s Most Expensive Neighborhood, Despite Prices Dropping 30%
Key Takeaways: Even with a 30% y-o-y decrease, TriBeCa pulls through as NYC’s priciest neighborhood A $3.2 million median sale price lands SoHo its usual second spot Brooklyn’s Fort Greene sees the sharpest median sale price increase: 131% y-o-y DUMBO remains the only Brooklyn neighborhood in the top 10 With a $2.3 million median sale…
Buying or Selling a Home Using Bitcoin: Is It Worth It?
Unless you’ve been living under a rock for the past year, chances are you might have heard of Bitcoin or came across the term ‘cryptocurrency’ at some point. Unregulated by banks, these encrypted digital currencies managed to penetrate almost every market in 2017, including real estate. Despite transactions being considered safe, the crypto market in…
Brooklyn Foreclosures Up 64% Y-o-Y, While Queens Sees 13% Decrease
Here are the key findings from our NYC Foreclosure Report for Q1 2018: 920 homes were scheduled for auction for the first time in Q1 2018, up 31% compared to Q1 2017 Brooklyn saw a 64% year-over-year increase in new foreclosure auctions New foreclosures in the Bronx went up 33% year-over-year, as 117 homes were…
Want to stay on top of the real estate market?
Access comprehensive property data and ownership information with intuitive research tools.