RealtyHop Price Drop Report: August 2020
We specifically focused on neighborhoods with the highest total number of price drops, specifically the highest price drops by median percentage, median dollar value, and by street address.
A Closer Look at NYC’s Neighborhoods
Our interactive map below depicts the neighborhoods we analyzed. All numbers are based on RealtyHop’s proprietary dataset.
Top 5 Neighborhoods With the Highest Number of Price Drops
|Neighborhood||Borough||Number of Price Drops|
|1||Upper East Side-Carnegie Hill, Manhattan||Manhattan||158|
|2||Turtle Bay-East Midtown||Manhattan||146|
|3||Hudson Yards-Chelsea-Flatiron-Union Square||Manhattan||130|
|4||Lenox Hill-Roosevelt Island||Manhattan||119|
|5||Upper West Side||Manhattan||116|
Top 5 Neighborhoods With the Highest Median Percentage Price Drops
|Neighborhood||Borough||Median % Price Drops|
|1||Far Rockaway-Bayswater||Queens||-13.2% (-$255,000)|
|3||Van Cortlandt Village||Bronx||-9.8% (-$49,900)|
|4||Bedford Park-Fordham North||Bronx||-8.7% (-$40,500)|
Top 5 Neighborhoods With the Highest Median Dollar Price Drops
|Neighborhood||Borough||Median $ Price Drops|
|2||Far Rockaway-Bayswater||Queens||-$255,000 (-13.2%)|
|3||SoHo-TriBeCa-Civic Center-Little Italy||Manhattan||-$255,000 (-6.6%)|
|4||Upper East Side-Carnegie Hill||Manhattan||-$150,000 (-6.7%)|
|5||Hudson Yards-Chelsea-Flatiron-Union Square||Manhattan||-$100,000 (-5.1%)|
Top 5 Addresses (Still on the Market) with the Highest Percentage Price Drop in July
|Address||Current Price||Recent % Price Drops|
|1||503 W 24th St, Manhattan, NY 10001||$9,400,000||-42.2% (-$6,850,000)|
|2||150 Charles St, Manhattan, NY 10014||$12,000,000||-39.2% (-$7,750,000)|
|3||503 W 24th St, Manhattan, NY 10001||$10,475,000||-29.6% (-$4,400,100)|
|4||755 Park Ave, Manhattan, NY 10021||$425,000||-28.6% (-$170,000)|
|5||1199 Park Ave, Manhattan, NY 10128||$475,000||-28.0% (-$185,000)|
Top 5 Addresses (Still on the Market) with the Highest Dollar Price Drop in July
|Address||Current Price||Recent $ Price Drops|
|1||150 Charles St, Manhattan, NY 10014||$12,000,000||-$7,750,000 (-39.2%)|
|2||503 W 24th St, Manhattan, NY 10001||$9,400,000||-$6,850,000 (-42.2%)|
|3||211 Central Park W, Manhattan, NY 10024||$19,500,000||-$4,500,000 (-18.8%)|
|4||50 West St, Manhattan, NY 10006||$14,495,000||-$4,455,000 (-23.5%)|
|5||503 W 24th St, Manhattan, NY 10001||$10,475,000||-$4,400,100 (-29.6%)|
The interactive table below includes all NYC listings with price drops in the month of July. You can sort by column or do a quick search using the search bar.
The New York City Price Drop report is a monthly report that analyzes proprietary data from RealtyHop to map price drops for listings in New York City. The dataset analyzed is taken from the month prior to publication and includes all five boroughs of New York City, given sufficient data.
Want to know who owns these listings? Check it out for yourself on our site by using our New York Property Records Search.