Recently Trulia released the report on the most popular neighborhoods of Manhattan New York and the home prices in Manhattan neighborhoods. As per the reports, the overall picture looks good.
The report listed the Upper East Side as the most popular of the neighborhoods with the average listing price of $3,490,466 for the week ending October 16, 2013. However this was 0.4% less than the home price prevailing during the previous week. The other neighborhoods that made it to the popularity list were Upper West Side, Harlem, Midtown East and West Village with the average listing prices being 2,652,094, $852,846, $1,918,987 and $3,466,831 respectively. While the prices of Midtown East and West Village registered a decrease from the previous week, the other price of units in Harlem and Upper West Side saw an increase of 2.1% and 3.6% respectively.
Aside from the above mentioned areas in Manhattan New York, the other areas that were considered Movers & Shakers by Trulia included Flatiron District where the average listing price of units stood at $5,151,133, an increase of a whopping 32.6% from the previous week’s average listing price. This was followed by Midtown South Central where the price saw an increase of 23.5% from the previous week and stood at $2,912,448. The price of units at Central Park stood at $1,042,181 and $776,000 at Roosevelt Island both seeing a drop of 25.8% and 18.4% from the previous week.