The Monthly Sales Report: December

Posted January 27th, 2019

New York City is one of the most expensive cities in the U.S. to rent in so one can only imagine the price tags of the units actually for sale. Investing in real estate in New York City can be expensive, but nevertheless, an investment if NYC is the city where you see yourself living for the rest of your life. With more than 8.5 million people residing, across the five boroughs, there are plentiful of housing and investment opportunities for those looking to purchase real estate. This monthly report has its focus on the previous transactions made in December, showing the most expensive transactions (commercial transactions excluded), celebrity transactions, and some statistics to go along with it. The data for the report is provided by ACRIS.
 

Some information about ACRIS

With data publicly available by ACRIS (ACRIS being the Automated City Register Information System) the public can search property records and view documents for Manhattan, Queens, Bronx, and Brooklyn from 1966 to the present. While RealtyHop has incorporated a feature that allows users of the site to conduct their own searches for buy/sell events by individuals, organizations, or property addresses, a report showing the number of transactions made in the past month as well as some insight to what properties go for, in which borough, has been provided in the report.
 


 

A brief look at the month of December
Total transactions statistics:

novembertransactions

    • Yet again, coming in strong at first place is Queens, with 34% of the total sales transactions for December. However, that is 2% less than the previous month, when Queens ended up with 36% of the total sales transactions.
    • In second place there’s Brooklyn. For the three past months now, the borough of Brooklyn has been in second place in regards to the total number of sales transactions. For December, Brooklyn ended up with 30% of the sales transactions. That is 1% increase from the month of November.
    • Manhattan ranks third this month as well, however we’re seeing a slight increase in the percentage of total sales transactions here as well. For the month of November Manhattan ended up with 25% of the market share. For the month of December, however, Manhattan ended up with 27%.
    • And then finally, there is the Bronx, who ended up with 9% of the total transactions for December. The percentage stays the same from the previous month.

     

    Median closing price per borough:

    closingpricenovember

        • Manhattan saw a number of high transactions for the month of December, which made the median closing price for December being slightly higher than November, coming in at $1,100,000
        • Brooklyn, however, all though they also had several high individual transactions in December, ended up with a slight decrease in the median closing price. The median closing price for December ended up being $800,000.
        • Next up is Queens. While there isn’t much difference in the median closing price to separate Queens and Bronx, Queens still ended up ranking third with a median closing price of $575,000.
        • And then there is the Bronx, who had an increase in median closing price from $485,000 in November to $535,000 in December.

       


       

      An overview of the total transactions made in December

       
      The table below shows the total transactions in December for the boroughs Manhattan, Brooklyn, Queens, and The Bronx. Obvious commercial transactions have been removed from the table (as well as any transactions that didn’t clearly show if it was a commercial transaction or not). The data in the table is provided by ACRIS for the month of December and ranks the transactions by the most expensive. We limited the transactions listed below to those of the cost of $100,000 and above. To search for transactions by borough, please refer to using the search field.

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      With data from ACRIS, RealtyHop is able to disclose the total number of transactions as well as the boroughs with the most transactions in the past month. We here at RealtyHop look for insight into the real estate market to provide buyers with as much information as possible so they can make an informed buying decision.