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.
The Hamptons median sale price reached $1.5 million in the first half of 2022, marking a slight uptick compared to the same interval in 2021.
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.
Queens foreclosures surge 300% in Q2 2022, fueling a NYC-level increase in foreclosure cases of 146%, also boosted by Staten Island trends.
In today’s hypercompetitive real estate market, bidding wars are common. Here are a few ways to handle competing buyers and multiple offers.
What is cryptocurrency and what are the advantages and disadvantages of buying a New York City luxury co-op or condo with cryptocurrency?
As the gender housing gap widens, single men are now priced out of 22 cities, while single females can’t buy independently in 34 locations.
Sellers are only required to disclose defects that they know of or should have known of at the time of closing. So where does that leave buyers?
Increase in hotel-to-multifamily conversions becomes one of the best unintended consequences of the pandemic for the real estate industry.
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.
In America’s largest cities, West Coast homeowners fared best, claiming increases as high as 113%, with Sunbelt cities following close behind.
After a promising month of sales in July, transactions decreased in August along with the median sale price.
Boston’s overall residential prices rose 66% between 2009-2019. If this growth rate continues, the median may reach $1,039,000 by 2030.
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.
When it comes to the New York residential investment market in the new normal, it becomes a tale of two areas: NYC and suburbia.