“There’s a great deal of excitement, a lot of hype, and a lot that can go wrong,” says Doug Smith, the co-founder of Grey Gardens, a nonprofit that operates several gardens on the Upper West Side.
“There are a lot people that think that a dog is a luxury item and you can’t afford it.”
A lot can go right with a home for sale in Manhattan, New York.
Here’s how to buy one in the city where the real estate market is most saturated, according to a recent report by Zillow, a real estate marketplace that ranks cities by their real estate prices.
The neighborhood of Park Slope, Brooklyn, has seen a surge in condo sales since the beginning of the year, but most of the new homes are in the upscale area, according the Zillower report.
The median home price in the area is $5,400, which includes a $300,000 loan and a $100,000 down payment, according Zillows report.
The median sale price in Brooklyn is $6,500, according To HomeZoom, another real estate research company.
New York City is the most expensive real estate area in the nation, according a recent study by Zest Real Estate Consulting.
The average price for a one-bedroom apartment in Manhattan was $2,200, while the median price was $1.2 million, according Apartment List, a company that specializes in buying and selling homes.
According to Zillowing, sales of homes in New York rose by 15.3% in January, compared to a year earlier.
ZillOW reported that the median home sale price across the nation rose 1.6% in the first half of the month.
The New York market saw sales rise 4.7% year over year.
The New York housing market has experienced an unusually strong run over the past year.
The Zillowitz report, which is based on data from the Bureau of Labor Statistics, found that median prices for single-family homes were up 14.4% in February and March from a year ago.
In April, prices rose 3.9% year-over-year.
But, prices in the second quarter of 2017 were flat.