Key Takeaways: Hudson Yards reclaims top spot with $5.71 million median, TriBeCa stays strong at #2 with $3.25MAcross NYC, sales are up 88% Y-o-Y and 7% over Q2 2019; city median climbs 13% Y-o-Y & 10% over 201931 neighborhoods surpass the $1 million mark, four go north of $2 millionManhattan claims nine of 10 most expensive NYC neighborhoodsBrooklyn logs sharpest Y-o-Y price gain with Downtown Brooklyn’s +79% & steepest Y-o-Y decline with Carroll Gardens’ -35%Hunters Point, Malba & Neponsit remain most expensive in Queens, but stay below $1 million Hit hard by the pandemic, New York City’s real estate market is proving its resilience once again. As the vaccine rollout increasingly allows life to approach normal, buyer appetite has …
The New York City Ultra-Luxury Residential Report
Key Takeaways: June sales activity surged 185% month-over-month, inking 262 deals above $5 million.H2 2019 recorded lower transactional activity than the single month of June, as the new mansion tax took hold.TriBeCa was the #1 neighborhood for ultra-luxury sales, claiming 14% of all NYC deals.Central Park South was the most expensive neighborhood for ultra-luxury deals with a $23.7M median. New York City’s luxury residential market was defined by legislative changes in 2019. In particular, the new progressive mansion tax and the new transfer tax on million-dollar home sales that went into effect on July 1 had a profound impact on the local residential market overall – and especially on the highest-priced segments of the market. Moreover, the effect …
Most Expensive U.S. Zip Codes in 2020: Medians on the Rise in Country’s 100 Priciest Zips
Editor’s Note: PropertyShark is saddened by the losses caused by this year’s wildfires, tropical storms and COVID-19. The article below is simply a presentation of hard data and in no way attempts to ignore the devastation these areas have experienced. Key Takeaways: At $7 million, Atherton’s 94027 remains #1 most expensive zip code for fourth consecutive yearCalifornia further solidifies its position as most expensive housing market with 87 entriesMedians rose in 78 of country’s 100 priciest zips in 2020, flipping the mostly downsliding trend of 2019San Francisco claims 11 of the priciest …