{"id":4163,"date":"2019-08-01T09:41:26","date_gmt":"2019-08-01T14:41:26","guid":{"rendered":"https:\/\/www.realtyhop.com\/blog\/?p=4163"},"modified":"2019-08-01T10:42:16","modified_gmt":"2019-08-01T15:42:16","slug":"realtyhop-price-drop-report-august","status":"publish","type":"post","link":"https:\/\/www.realtyhop.com\/blog\/realtyhop-price-drop-report-august\/","title":{"rendered":"RealtyHop Price Drop Report: August 2019"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2896\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2019\/07\/PriceDrop_Index_image_aug.png\" alt=\"\" width=\"800\" height=\"534\"><br \/>\n&nbsp;<br \/>\nThe real estate market has its ups and downs. In August&#8217;s monthly price drop report, RealtyHop analyzed available data for July across boroughs and neighborhoods in New York City to provide a useful resource for those looking to invest in real estate.<\/p>\n<p>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.<\/p>\n<hr>\n<p>&nbsp;<\/p>\n<h5><strong>A Closer Look at NYC&#8217;s Neighborhoods<\/strong><\/h5>\n<p>Our interactive map below depicts the neighborhoods we analyzed. All numbers are based on RealtyHop&#8217;s proprietary dataset.<br \/>\n&nbsp;<br \/>\n<button onclick=\"embedPopup()\" button=\"\" class=\"button button1\" style=\"display: block; margin-left: auto; margin-right: 0;\">Get the code to embed this map!<\/button><\/p>\n<div style=\"position: relative; overflow: hidden; width: 100%; height: 700px; margin-left: auto; margin-right: auto; margin-bottom: 15px;\">\n<div style=\"padding-bottom: 68%; height: 0px; position: relative; width: 100%;\">\n<div style=\"position: absolute; height: 100%; width: 100%;\" align=\"center\"><iframe loading=\"lazy\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2019\/07\/2019_07_31_price_drops_map.html\" width=\"100%\" height=\"100%\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><br \/>\n<\/iframe><\/div>\n<\/div>\n<\/div>\n<p><script>function embedPopup() {alert('<iframe loading=\"lazy\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2019\/07\/2019_07_31_price_drops_map.html\" width=\"100%\" height=\"600px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe>');}<\/script><\/p>\n<style>\n.button1 {box-shadow: 0 0 0 0 rgba(0,0,0,0.2), 0 0 0 0 rgba(0,0,0,0.19);}.button {   background-color: #51527c; border: none; color: #ffffff; padding: 5px 15px; text-align: center; text-decoration: none; display: inline-block; font-size: 15px; font-weight: bold; margin:4px 2px; cursor: pointer; -webkit-transition-duration: 0.4s; transition-duration: 0.4s;}<\/style>\n<h5><strong>Top 5 Neighborhoods With the Highest Number of Price Drops<\/strong><\/h5>\n<div style=\"width: 80%; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 35%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Number of Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Turtle Bay-East Midtown<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">157<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Upper East Side-Carnegie Hill<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">113<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Lenox Hill-Roosevelt Island<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">103<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Hudson Yards-Chelsea-Flatiron-Union Square<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">101<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%; border-bottom: 1px solid #51527c;\">Lincoln Square<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">98<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>The number one neighborhood in regards to price drops for the month of July was again <strong>Turtle Bay-East Midtown<\/strong>. The neighborhood had in the past month a total number of price drops of 157, significantly lower compared to last month. The number of price drops across all top 5 neighborhoods had decreased in the past month, which is somewhat expected, as the real estate market tends to be more robust from May to August and usually reaches its peak in July. This time around, we see that <strong>Lenox Hill-Roosevelt Island<\/strong> made the top five list, knocking out <strong>Upper West Side<\/strong>. The neighborhoods on the list ranged between price drops of 98 &#8211; 157.<br \/>\n&nbsp;<\/p>\n<h5><strong>Top 5 Neighborhoods With the Highest Median Percentage Price Drops<\/strong><\/h5>\n<div style=\"width: 80%; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 35%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Median % Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Mount Hope<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Bronx<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-15.0% (-$35,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Rugby-Remsen Village<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-14.2% (-$100,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Homecrest<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-10.6% (-$165,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Seagate-Coney Island<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-9.1% (-$75,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%; border-bottom: 1px solid #51527c;\">Ocean Hill<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-8.8% (-$75,000)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>In our last report, four of the biggest percentage price drops occurred in the Bronx, with only one in Queens. In the month of July, Brooklyn became the borough of the highest percentage price drops, with only one neighborhood in the Bronx on the list. The neighborhood with the highest median percentage price drop in July was <strong>Mount Hope, the Bronx<\/strong>.<br \/>\n&nbsp;<\/p>\n<h5><strong>Top 5 Neighborhoods With the Highest Median Dollar Price Drops<\/strong><\/h5>\n<div style=\"width: 80%; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 35%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Median $ Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Sunset Park East<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$199,999 (-6.7%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Homecrest<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$165,000 (-10.6%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">SoHo-TriBeCa-Civic Center-Little Italy<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$150,000 (-3.6%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Manhattanville<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$149,500 (-6.3%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%; border-bottom: 1px solid #51527c;\">Steinway<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c;\">Queens<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-$102,000 (-6.8%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Time time around, for the neighborhoods with the biggest median price drops by dollar value, we&#8217;re seeing some new neighborhoods that were not on the list last month. <strong>Sunset Park East<\/strong> took back its first place and replaced <strong>SoHo-TriBeCa-Civic Center-Little Italy<\/strong>, with a median price drop of $199,999. Homecrest, Manhattanville, and Steinway also made the list in the month of July. Homecrest, Brooklyn had a median price drop of $165,000 or 10.6%.<br \/>\n&nbsp;<\/p>\n<h5><strong>Top 5 Addresses with the Highest Percentage Price Drop in July<\/strong><\/h5>\n<div style=\"width: 80%; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 35%; border: none; background-color: #51527c; color: #ffffff;\">Address<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff;\">Current Price<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Recent % Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/1605-nostrand-ave-brooklyn-ny-11226\/house\/6746665\">1605 Nostrand Ave, Brooklyn, 11226<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$1,000,999<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-28.5% (-399,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/1993-amsterdam-avenue-unit-64-new-york-ny-10032\/64\/4417358\">1993 Amsterdam Avenue, Manhattan, 10032<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$150,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-24.6% (-$49,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/7409-rockaway-blvd-woodhaven-ny-11421\/house\/7226382\">7409 Rockaway Blvd, Queens, 11421<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$235,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-24.2% (-$75,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/845-united-nations-plz-10017\/75c\/3709190\">845 United Nations Plz, Manhattan, 10017<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$8,000,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-23.8% (-$2,500,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%; border-bottom: 1px solid #51527c;\"><a href=\"https:\/\/www.realtyhop.com\/building\/3543-willett-ave-bronx-ny-10467\/house\/7182452\">3543 Willett Ave, New York, 10467<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c;\">$329,900<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-23.3% (-$100,000)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Now, let&#8217;s take a close look at which addresses saw the biggest price drops in the last month. Unlike what we saw in June, this time around, four out of five boroughs made the list of top addresses with the highest percentage price drop. The address topping the list for this month&#8217;s report was located in Booklyn. The property, which is a multifamily building with a renovated storefront, had a price drop of $399,000 which equated to 28.5% of the original listed price. All the addresses on the top five list here saw cuts above 23%.<br \/>\n&nbsp;<\/p>\n<h5><strong>Top 5 Addresses with the Highest Dollar Price Drop in July<\/strong><\/h5>\n<div style=\"width: 80%; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 35%; border: none; background-color: #51527c; color: #ffffff;\">Address<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff;\">Current Price<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Recent $ Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/838-5th-ave-10065\/6\/5862046\">838 5th Ave, Manhattan, 10065<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$33,000,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$6,950,000 (-17.4%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/151-e-58th-st-new-york-ny-10022\/ph53w\/1225775\">151 E 58th St, Manhattan, 10022<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$22,000,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$4,000,000 (-15.4%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/1-central-park-s-10019\/509\/6021346\">1 Central Park South, Manhattan, 10019<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$19,000,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$3,200,000 (-14.4%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/212-w-18th-st-new-york-ny-10011\/18a\/4562055\">212 W 18th Street, Manhattan, 10011<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$24,995,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$3,005,000 (-10.7%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%; border-bottom: 1px solid #51527c;\"><a href=\"https:\/\/www.realtyhop.com\/building\/275-w-10th-st-new-york-ny-10014\/phb\/7207655\">275 W 10th Street, Manhattan, 10014<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c;\">$20,950,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-$3,000,000 (-12.5%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Not surprisingly, we face another month with all addresses for the highest price drops in absolute dollar terms located in Manhattan. For the past month, the top address on the list with the highest price drop still on the market was <strong>838 5th Ave<\/strong>, with a big price drop of <strong>$6,950,000<\/strong>. That equals a price drop of 17.4%. It seems that, compared to June, the price drop ranges were a little bit tigher in Manhattan this time around. The top addresses with the highest price drops in absolute dollar value ranged in price drops between $3M and $7M in July.<br \/>\n&nbsp;<\/p>\n<h5><strong>Full Dataset<\/strong><\/h5>\n<p>The intractive 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.<br \/>\n&nbsp;<\/p>\n<div style=\"width: 100%; height: auto; margin-left: auto; margin-right: auto; text-align: center; padding-left: 0px;\"><iframe loading=\"lazy\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2019\/08\/price_drops_august.html\" width=\"100%\" height=\"100%\" frameborder=\"0\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/div>\n<h5><strong>Methodology<\/strong><\/h5>\n<p>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.<\/p>\n<p>Want to know who owns these listings? Check it out for yourself on our site by using our <a href=\"https:\/\/www.realtyhop.com\/property-records\/search\">New York Property Records Search<\/a>.<\/p>\n<style>\n.button1 {box-shadow: 0 0 0 0 rgba(0,0,0,0.2), 0 0 0 0 rgba(0,0,0,0.19);}.button {   background-color: #51527c; border: none; color: #ffffff; padding: 5px 15px; text-align: center; text-decoration: none; display: inline-block; font-size: 15px; font-weight: bold; margin:4px 2px; cursor: pointer; -webkit-transition-duration: 0.4s; transition-duration: 0.4s;}<\/style>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The real estate market has its ups and downs. In August&#8217;s monthly price drop report, RealtyHop analyzed available data for July across boroughs and neighborhoods in New York City to provide a useful resource for those looking to invest in real estate. We specifically focused on neighborhoods with the highest total number of price [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4205,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-4163","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 v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RealtyHop Price Drop Report: August 2019 - 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\/realtyhop-price-drop-report-august\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RealtyHop Price Drop Report: August 2019 - RealtyHop Blog\" \/>\n<meta property=\"og:description\" content=\"&nbsp; The real estate market has its ups and downs. 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