Home values in formerly redlined areas still lagging behind A weekly feature bringing you the industry’s latest intel
Harlem townhomes (Credit: Getty Images)
Sales | Zillow
The value of homes in formerly redlined neighborhoods still lag behind other areas. In December 2017, the median value of a U.S. home in a redlined district stood at $276,199, 14.9 percent less than the $324,489 in non-redlined areas. The disparity was less pronounced in Manhattan. During the month, the median value of a home in a redlined area stood at $1,778,488, which is 4.4 percent less compared to the $1,860,758 for non-redlined neighborhoods. Read the report here.
Sales | Leslie J. Garfield
Between April 8 and 22, Manhattan posted only two townhouse sales and no signed contracts. The most expensive sale was for 43 West 87th Street, which sold for $6.95 million. A total of 34 townhouses went on the market during the period, generating a total asking price of $318.6 million. The pace of activity was the same in Brooklyn, which saw two sales and one signed contract. Read the report here.
Sales | Olshan
There were 37 contracts signed in Manhattan at $4 million and above during the week o爱上海