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Friday, September 20, 2024

Midtown South home prices fall in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Midtown South fell by $345,487 while total sales decreased by 20%, according to BlockShopper.com.

From January through March of 2018, there were 12 homes sold, with a median sale price of $898,889 - a 27.8% decrease over the $1,244,375 median sale price for the same period of the previous year. There were 15 homes sold in Midtown South in the first quarter of 2017.

The following table compares Midtown South to other New York County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Battery Park City2633-21.2%$972,185.96$751,977.6329.3%
Two Bridges34-25%$945,000$472,500100%
Central Harlem2025-20%$915,500$900,0001.7%
Upper West Side66618.2%$911,500$1,080,000-15.6%
East Village12933.3%$900,000$1,170,000-23.1%
Midtown South1215-20%$898,888.50$1,244,375-27.8%
Yorkville2938-23.7%$895,000$885,0001.1%
Times Square2831-9.7%$878,000$930,000-5.6%
Washington Heights440%$874,500$805,7308.5%
Chinatown6520%$850,000$2,000,000-57.5%
Wall Street1427-48.1%$841,000$775,0008.5%

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