+ Ryan Serhant Weighs In on COVID-19 Crisis & Current State of NYC Real Estate Key Takeaways: NYC sales volume leaps 39% Y-o-Y, totals $1.9 billion in Q1.Sales activity remains unchanged, but number of buildings sold jumps 20%.Manhattan sales volume spikes 114% Y-o-Y to nearly $1 billion.Brooklyn prices reach highest figures in four years, sales activity gains 18% Y-o-Y.Price per unit drops 23% Y-o-Y in Queens as metrics contract across the board.Bronx sales volume and activity halved, but price per square foot ticks up 12% Y-o-Y. Undoubtedly, 2019 was a …
Pandemic Causes Sales to Plunge 85% in Hudson Yards, NYC’s Priciest Neighborhood & Prices to Dip 8% in Manhattan
Key Takeaways: Residential sales across NYC dropped 32% year-over-year in 2020Median sale price in New York City (all four boroughs) rose to $660,000, a 1% uptick from last yearOnly 9 NYC neighborhoods recorded an increase in sales activity in 2020Hudson Yards had the highest median sale price in NYC at $4,504,000TriBeCa was #2 priciest for second year in a row; Little Italy was #3 priciestSales activity in Gowanus surged 113% & Malba and Neponsit’s medians exceeded $1,000,000 As the COVID-19 pandemic swept across New York City, 2020 was marked by dramatic decreases…