Top 50 Most Expensive NYC Neighborhoods 2022: Sales Slow in 34 of City’s Priciest Neighborhoods
Hudson Yards & TriBeCa remain priciest NYC neighborhoods for 4th consecutive year, while sales fell in 34 of the city’s top neighborhoods.
Hudson Yards & TriBeCa remain priciest NYC neighborhoods for 4th consecutive year, while sales fell in 34 of the city’s top neighborhoods.
As Atherton closes in on $8M median, 13 more zips post medians over $4M. In fact, only a fifth of the top priciest zips post medians under $2M.
As sales ticked down 4% Y-o-Y across NYC, 27 of the city’s 50 priciest neighborhoods also logged slowdowns in transactional activity in Q3.
11 NYC buildings have closed more than $1 billion in sales, with the #2 and #3 best-sellers going over $2 billion and #1 hitting $3 billion so far.
38 neighborhoods closed Q2 with medians over $1 million, with SoHo and TriBeCa north of $3 million & Hudson Yards in the lead at over $5 million.
35 neighborhoods surpass $1 million median as NYC logs record sales activity and new pricing peaks as pent-up demand drives buying frenzy.
Overwhelming majority of 100 most expensive U.S. zip codes surge in pricing, with 10 at $4M+ and an additional 20 going climbing over $3M.
Sales activity skyrocketed in Q3 2021, while prices, too, were more spread out, but they continued to rise among NYC’s 50 priciest neighborhoods.
As sales activity returned in force in Q2 2021, prices, too, were mostly on the rise among NYC’s 50 priciest neighborhoods.
For the NYC multifamily sector, the downturn brought on by the pandemic was just another hit to an already cooled-down market.
In 2020, Hudson Yards was NYC’s most expensive neighborhood with a $4.5 million median. TriBeCa was next with $3.2 million median sale price – a 3% decrease Y-o-Y.
Shlomi Reuveni of Reuveni Real Estate describes the current state of Manhattan’s luxury residential market and how it has adapted to the pandemic as well as up and coming areas.
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