Dogs and real estate, an interesting combination. However, nothing is too weird for New York City, which is why when The New York Times stated that dog breeds are predicting real estate trends, we couldn’t help but embrace it.
The poodle population has doubled in Hell’s Kitchen and around the Chelsea area over the past 5 years. I know what you’re thinking, what does this tell us about the real estate trend? The breed’s migration can help indicate the rise of prices in Lower/Midtown Manhattan.
Poodles, prior to their shift in location, were mainly populated on the Upper East Side, an area of the city with homes cashing in at the millions. However, alongside the rising population of poodles, Lower Manhattan prices are rising as well. In 2017, homes in the West Village sold at a median that was around 5 percent higher than that of the Upper East Side. What does this predict? When poodles are at the door, higher price tags are close behind!
However, many dog breeds are maintaining their superiority throughout the city neighborhoods, like the pit bull in the Brooklyn area and the Rottweiler in the Bronx. Though home prices in these areas have increased over the years, these dog breeds are still holding their ground. Brooklyn has been pegged as a rescue neighborhood, with a reported 91% placement rate in 2017 by Animal Care Centers of NYC.
In 2016, the Yorkshire Terrier (Yorkie) was New York City’s most popular dog, the Shih Tzu was a close second, and surprisingly, the Labrador retriever (around 80 pounds) took the bronze medal as third.
Along with the most common dogs, there are also some rare breeds. Some of the new paws NYC has seen in recent years are the Norwegian Buhund, the Finnish Lapphund, and the Xoloitzcuintli.
So, what can NYC expect for the doggy population in the upcoming years? Well, a rise in rare dog breeds can be on the horizon because of the dispersed amount of wealth that is taking over the city neighborhoods. However, we can also expect to see the more common breeds holding their ground, with pet adoptions a popular go-to for prospective pet owners.