(NEW YORK, NY) — Another year has come and gone. As we turn the calendar to 2019 and prepare to leave 2018 behind, we mustn’t forget all the past year has brought to us and the industry.
PropertyShark released its rankings of the 50 most expensive neighborhoods in New York City in 2018.
Here are the top 5:
- Tribeca
Tribeca takes the crown again with a median home sale price of $3.85 million. The neighborhood prices dropped 18% year-over-year. However, PropertyShark reported that the price difference was due to the 66 residential sales at 56 Leonard St. in 2017, which increased overall neighborhood prices.
- SoHo
SoHo claimed the number 2 spot with a median home sale price of $2.99 million. The neighborhood saw 117 residential sales in 2018.
- The Garment District
The Garment district secured spot number 3 with a median home sale price of $2.33 million. According to the report, the neighborhood saw a 41% increase year-over-year, jumping from 7th place last year.
- Hudson Square
At number 4, Hudson Square had a median home sale price of $2.152 million and saw 40 transactions.
- DUMBO, Brooklyn
DUMBO was the 5th most expensive neighborhood in NYC with a median home sale price of $1.88 million and 64 residential sales.
