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NYC Square Footage and Median Price Differentials: Bronx August 5, 2009

Posted by John Watch in AccuriZ Reports.
Tags: , , , , , , ,

A new AccuriZ report titled “Square Footage and Median Price Differentials,” highlights the property data and sales activity of New York City and the differnces between median sale price and price per square foot. Below is an excerpt from the Queens section of the report. To see the full Bronx report, as well as the additional boroughs, CLICK HERE

Real Estate is like a set of Russian Nesting Dolls.  Analysts tend to focus on the entire market, with minimal effort given to the underlying components.  As you examine various segments of the markets, different pattern emerge. Generally in real estate there are three rules:  Location, Location and Location.   And in the current market, if you do not have to sell you don’t.

Real Estate comprises of three elements:  Cyclical, Seasonal and Emotional. The present market comprises of all three, which is extremely rare.

Source: AccuriZ.com

Public records show that residential properties in the Bronx are also decreasing and reflect a similar pattern that exists in Queens. One notable difference is that properties that contain a residential unit and commercial unit appear to be declining at a greater rate.

For more Real Estate Reports and detailed statistical analysis, CLICK HERE 

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