Tuesday, July 22, 2014

Follow us:
Follow @NY1 on Twitter Subscribe to this news feed 

News

New Report Shows Growing Demand for Homes in City

  • Text size: + -
TWC News: New Report Shows Growing Demand for Homes in City
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

A new real estate report shows that demand for homes is growing in the city.

The Real Estate Board of New York released the report, which shows that citywide home sales increased 31 percent compared to 2012.

However, they're not coming cheap. A home in Manhattan will set you back an average of $1.4 million.

The average Brooklyn home goes for $621,000, while the average sales price of a home in Queens was $432,000.

Some of the most sought after neighborhoods were the Upper East Side in Manhattan, Bedford-Stuyvesant in Brooklyn, Forest Hills and Kew Gardens in Queens, and Riverdale/Fieldston in the Bronx.

10.11.12.247 ClientIP: 54.211.80.155, 23.62.6.63 UserAgent: CCBot/2.0 (http://commoncrawl.org/faq/) Profile: TWCSAMLSP