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Wednesday, September 30, 2015

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COOL MAP THING

See Where NYC Home Prices Have Risen the Most Since 2004

Screen Shot 2015-09-29 at 2.42.35 PM.png
[Screen shot via PropertyShark]
It's no secret that real estate prices in New York City have gone from "expensive" to "maddeningly over-the-top pricey" in the past decade—heck, in the past few years, in certain neighborhoods—but sometimes, it takes seeing the data mapped out in front of you to really drive home precisely how gaga home prices have gotten. To that end, PropertyShark recently released a new mapping tool, using its sales data from the past decade, to calculate how the median home price for neighborhoods in four of the five boroughs (sorry, Staten Island) has changed from 2004 to 2014. The difference, as you can probably imagine, is staggering in many places. 
Some interesting points to glean from this: 
· The biggest price increases were in Brooklyn: They've gone up a whopping 320 percent in East New York, with other big jumps in Williamsburg (260 percent), Fort Greene (126 percent), Boerum Hill/Carroll Gardens/Gowanus (92 percent), and Bushwick (85 percent).
· But on the flip side, prices in Red Hook dropped by 22 percent, perhaps thanks to the post-Sandy hesitancy over living close to floodlines.
· Similarly, home prices in Howard Beach and the Rockaways also, for the most part, dropped.
· Harlem and East Harlem saw big jumps, of 102 percent and 80 percent, respectively.
· Long Island City and "Hunter's Point" (still LIC, but whatever) also increased substantially: 110 and 132 percent, respectively. 
You can poke around and see more via PropertyShark.
· Cool Map Thing Archives [Curbed]
COMMENTS (4 EXTANT)
Wow, Red Hook is 22% cheaper than 2004??
I'd like to see the data behind the map. I have a hard time believing price per sqft stayed stable or went down over so much of the city.
Anywhere there was flooding during Sandy, such as Gerritsen Beach, I'd imagine that prices would drop.
Greenpoint jumped despite Sandy. The waterfront developers and City are in denial. They think plopping a few 36" diameter perforated pipes into the ground is going to cut it. This information mind you, is not available at the DoB Hub and development pr peeps will only share stamped DEP letters, reluctant to share actual information. 

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