{"id":1921,"date":"2018-11-27T12:38:26","date_gmt":"2018-11-27T17:38:26","guid":{"rendered":"http:\/\/www.realtyhop.com\/blog\/?p=1921"},"modified":"2019-04-24T09:53:30","modified_gmt":"2019-04-24T14:53:30","slug":"the-monthly-sales-report-october","status":"publish","type":"post","link":"https:\/\/www.realtyhop.com\/blog\/the-monthly-sales-report-october\/","title":{"rendered":"The Monthly Sales Report: October"},"content":{"rendered":"<p><em>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 October, 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.<\/em><\/p>\n<p>&nbsp;<\/p>\n<h5><strong>Some information about ACRIS<\/strong><\/h5>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">With data publicly available by <a href=\"https:\/\/a836-acris.nyc.gov\/CP\/\">ACRIS<\/a> (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.<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr>\n<p>&nbsp;<\/p>\n<h5><strong>A brief look at the month of October<\/strong><\/h5>\n<p>&nbsp;<\/p>\n<h6><em><strong>Total transactions statistics:<\/strong><\/em><\/h6>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2018\/11\/octoberperborough.jpg\" alt=\"octoberperborough\" width=\"430\" height=\"276\" class=\"aligncenter size-full wp-image-1925\"><\/p>\n<ul>\n<li>The number one borough with the highest share of sales transactions in October was Queens, again. However, the percentage of total transactions for the past month did not change, as the share is still <strong>36%<\/strong> of the total number of transactions for the four boroughs.<\/li>\n<li>For the month of September, second place was tied between Brooklyn and Manhattan. This time around, Brooklyn takes second place with <strong>29%<\/strong> of the total shares. That is a <strong>3% increase<\/strong> in total transactions for Brooklyn this time around.<\/li>\n<li>In third place we have the borough of Manhattan, with <strong>25%<\/strong> of the total transactions made in October. For Manhattan, that is only a <strong>1% decrease<\/strong> from the month before.<\/li>\n<li>Lastly we have the Bronx. For the month of September we saw that the Bronx jumped from holding down <strong>9%<\/strong> of the total transactions to a strong <strong>12%<\/strong>. For October, the borough had a slight increase in transactions and landed on <strong>11%<\/strong> of the total transactions for the month.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h6><em><strong>Median closing price per borough:<\/strong><\/em><\/h6>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2018\/11\/octobermedianperborough.jpg\" alt=\"octobermedianperborough\" width=\"469\" height=\"281\" class=\"aligncenter size-full wp-image-1929\" srcset=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2018\/11\/octobermedianperborough.jpg 750w, https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2018\/11\/octobermedianperborough-300x180.jpg 300w, https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2018\/11\/octobermedianperborough-150x90.jpg 150w, https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2018\/11\/octobermedianperborough-600x359.jpg 600w, https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2018\/11\/octobermedianperborough-696x417.jpg 696w\" sizes=\"auto, (max-width: 469px) 100vw, 469px\" \/><\/p>\n<ul>\n<li>Again, the borough with the highest median closing price is Manhattan. This time around, the median closing price for the borough was <strong>$1,030,000<\/strong>. That is a <strong>2% decrease<\/strong> in closing price compared to the month of September.<\/li>\n<li>Coming in second is again Brooklyn. For the month of October, Brooklyn&#8217;s median closing price was <strong>$781,985<\/strong>. Brooklyn experienced a <strong>2% increase<\/strong> in the median closing price.<\/li>\n<li>Not too far behind, we have Queens. Like Manhattan, Queens also experienced a decrease in the median closing price, as the price went from <strong>$585,000<\/strong> in September to <strong>$570,000<\/strong> in October. While it&#8217;s only a $15,000 decrease in price, it is still a <strong>3% decrease<\/strong> in the median closing price.<\/li>\n<li>The borough of Bronx is also not far behind Queens when it comes to their median closing price. While Queens had a median closing price of $570,000, Bronx ended up with a closing price of <strong>$485,000<\/strong>. That is a <strong>4% increase<\/strong> in price from the month before.<\/li>\n<li><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr>\n<p>&nbsp;<\/p>\n<h5><strong>An overview of the total transactions made in October<\/strong><\/h5>\n<p>&nbsp;<\/p>\n<p>The table below shows the total transactions in October for the boroughs <a href=\"https:\/\/www.realtyhop.com\/for-sale\/manhattan-new-york-ny\">Manhattan<\/a>, <a href=\"https:\/\/www.realtyhop.com\/for-sale\/brooklyn-new-york-ny\">Brooklyn<\/a>, <a href=\"https:\/\/www.realtyhop.com\/for-sale\/queens-new-york-ny\">Queens<\/a>, and <a href=\"https:\/\/www.realtyhop.com\/for-sale\/bronx-new-york-ny\">The Bronx<\/a>. Obvious commercial transactions have been removed from the table (as well as any transactions that didn&#8217;t clearly show if it was a commercial transaction or not). The data in the table is provided by ACRIS for the month of October 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.<\/p>\n<div style=\"width: 100%; position: relative; margin-left: auto; margin-right: auto;\"><iframe loading=\"lazy\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2018\/11\/octoberdatatable.html\" width=\"100%\" height=\"70%\" frameborder=\"0\"><\/iframe><\/div>\n<p>***<br \/>\n<em>With data from ACRIS, RealtyHop&nbsp;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&nbsp;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.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3331,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-1921","post","type-post","status-publish","format-standard","has-post-thumbnail","category-market-trends-and-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Monthly Sales Report: October - RealtyHop Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realtyhop.com\/blog\/the-monthly-sales-report-october\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Monthly Sales Report: October - RealtyHop Blog\" \/>\n<meta property=\"og:description\" content=\"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. 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