{"id":8330,"date":"2022-07-06T09:00:07","date_gmt":"2022-07-06T13:00:07","guid":{"rendered":"https:\/\/www.realtyhop.com\/blog\/?p=8330"},"modified":"2022-07-05T23:35:10","modified_gmt":"2022-07-06T03:35:10","slug":"price-drops-report-july-2022","status":"publish","type":"post","link":"https:\/\/www.realtyhop.com\/blog\/price-drops-report-july-2022\/","title":{"rendered":"RealtyHop Price Drops Report: July 2022"},"content":{"rendered":"<div style=\"max-width: 900px; width: 100%; height: auto; margin-left: auto; margin-right: auto;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7859\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2022\/07\/nyc-price-drops-featured-image-july-2022.png\" alt=\"\" width=\"801\" height=\"536\" \/><\/div>\n<p>The real estate market has its ups and downs. In this June installment of the NYC price drops report, RealtyHop analyzed available data for June 2022 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 focused on neighborhoods with the greatest total number of price drops, specifically the highest price drops by median percentage, median dollar value, and street address.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2><strong>A Closer Look at NYC&#8217;s Neighborhoods<\/strong><\/h2>\n<p>Our interactive map below depicts the neighborhoods we analyzed. All numbers are based on RealtyHop&#8217;s proprietary dataset.<\/p>\n<p><button onclick = \"embedPopup()\" button = \"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2022\/07\/nyc-price-drops-map-july-2022.html\" class=\"button button1\" style=\"display: block; margin-left: auto; margin-right: 0px;\">Get the code to embed this map!<\/button><\/p>\n<div style=\"position: relative; overflow: hidden; width: 100%; max-width: 1000px; height: 680px; margin-left: auto; margin-right: auto; margin-bottom: 15px; border: 1px transparent #fffff; border-radius: 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\/2022\/07\/nyc-price-drops-map-july-2022.html\" width=\"100%\" height=\"100%\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><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\/2022\/07\/nyc-price-drops-map-july-2022.html\" width=\"100%\" height=\"600px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe>');}<\/script><\/p>\n<h2><\/h2>\n<h2><\/h2>\n<h2><strong>Top 5 Neighborhoods With the Highest Number of Price Drops<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\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: 45%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 25%; 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: 45%;\">Upper East Side-Carnegie Hill<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">249<\/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: 45%;\">Turtle Bay-East Midtown<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">207<\/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: 45%;\">Hudson Yards-Chelsea-Flatiron-Union Square<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">182<\/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: 45%;\">Lenox Hill-Roosevelt Island<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">181<\/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: 45%; border-bottom: 1px solid #51527c;\">Lincoln Square<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">158<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>As shown in the table above, all five neighborhoods with the most price drops in June are located in <a href=\"https:\/\/www.realtyhop.com\/for-sale\/manhattan-new-york-ny\">Manhattan<\/a>. Upper East Side-Carnegie Hill remains the neighborhood with the most price drops, with a total of 249 price cuts in the past month. The neighborhoods on the list had a total number of price drops ranging from 158 to 249 price drops, slightly more than in last month&#8217;s report, reflecting the typical seasonality in real estate.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Top 5 Neighborhoods With the Highest Median Percentage Price Drops<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\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: 45%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 25%; 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: 45%;\">Glendale<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Queens<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-7.0%(-$50,000)<\/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: 45%;\">East Flatbush-Farragut<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-6.3% (-$50,999)<\/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: 45%;\">Bayside-Bayside Hills<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Queens<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-6.2% (-$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: 45%;\">Parkchester<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Bronx<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">\u00a0-6.2% (-$15,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px15; 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: 45%; border-bottom: 1px solid #51527c;\">Grymes Hill-Clifton-Fox Hills<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">Staten Island<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-5.8% (-$30,000)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Glendale, Queens saw the biggest median percentage price drop in June 2022. Listings for sale in the neighborhood experienced a median price drop of 7%, which translates to around $50,000 from the original asking price. Meanwhile, homes for sale in Parkchester experienced a median price drop of 6.2%, or $15,000 in dollar terms. All five neighborhoods had a median price change of over 5%.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Top 5 Neighborhoods With the Highest Median Dollar Price Drops<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\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: 45%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 25%; 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: 45%;\">Chinatown<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$188,750 (-4.0%)<\/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: 45%;\">SoHo-TriBeCa-Civic Center-Little Italy<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$150,000 (-4.8%)<\/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: 45%;\">Upper East Side-Carnegie Hill<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$110,000 (-5.3%)<\/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: 45%;\">Hudson Yards-Chelsea-Flatiron-Union Square<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$100,000 (-4.7%)<\/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: 45%; border-bottom: 1px solid #51527c;\">Carroll Gardens<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-$100,000 (-4.4%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>In June, the neighborhoods that experienced the highest median dollar price drops were concentrated in Manhattan and <a href=\"https:\/\/www.realtyhop.com\/for-sale\/brooklyn-new-york-ny\">Brooklyn<\/a>. Chinatown ranks the #1 neighborhood with the highest price drop in dollar terms. Homes for sale in the area experienced a median price drop of $188,750, or 4% from the original list price. Meanwhile, for-sale homes in <a href=\"https:\/\/www.realtyhop.com\/for-sale\/carroll-gardens-new-york-ny\">Carroll Gardens<\/a> experienced a median price drop of $100,000, or 4.4% from the initial price.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Top 5 Residential Properties (Still on the Market) with the Highest Percentage Price Drop in June<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\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: 45%; border: none; background-color: #51527c; color: #ffffff;\">Address<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Current Price<\/td>\n<td style=\"font-weight: bold; width: 25%; 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: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/80-avenue-p-brooklyn-ny-11204\/f7\/18583393\">80 Avenue P #F7, Brooklyn, NY 11223<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$348,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-50.2%(-$351,000)<\/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: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/404-logan-brooklyn-ny-11208\/house\/18895366\" data-v-e6324b7e=\"\">404 Logan Street, Brooklyn, NY 11208<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$499,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-28.6% (-$200,000)<\/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: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/59-e-72nd-st-manhattan-ny-10021\/1a\/15792124\" data-v-e6324b7e=\"\">59 East 72nd Street #1A, New York, NY 10021<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$250,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-28.6% (-$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;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/465-park-ave-manhattan-ny-10022\/26c\/18088173\" data-v-e6324b7e=\"\">465 Park Avenue #26C, New York, NY 10022<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$925,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-28.6% (-$370,000)<\/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: 45%; border-bottom: 1px solid #51527c;\"><a href=\"https:\/\/www.realtyhop.com\/building\/150-e-61st-st-manhattan-ny-10065\/3b\/16679045\" data-v-e6324b7e=\"\">150 East 61st Street #3B, New York, NY 10065<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">$259,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-27.9% (-$100,000)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>The table above highlights the properties with the highest percentage price drop in June that are still on the market. Unit 1N at 59 East 72nd Street is a one-bedroom, one-bathroom co-op unit in <a href=\"https:\/\/www.realtyhop.com\/for-sale\/gravesand-new-york-ny\">Lenox Hill<\/a>, Manhattan. The property first hit the market in August 2021 and has experienced two price cuts so far. The most recent one was a 28.6% price reduction, or $100,000 in dollar terms, on June 8. <span style=\"font-family: Verdana, BlinkMacSystemFont, -apple-system, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;\">All properties on the list experienced a price cut of 28% or above.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Top 5 Residential Properties (Still on the Market) with the Highest Dollar Price Drop in June<\/strong><\/h2>\n<div style=\"width: 100%; max-width: 1068px; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px; width: 100%;\">\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: 45%; border: none; background-color: #51527c; color: #ffffff;\">Address<\/td>\n<td style=\"font-weight: bold; width: 25%; border: none; background-color: #51527c; color: #ffffff;\">Current Price<\/td>\n<td style=\"font-weight: bold; width: 25%; 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: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/23-east-22nd-street-new-york-ny-10010\" data-v-e6324b7e=\"\">23 East 22nd Street #PH, New York, NY 10010<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$58,000,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$4,000,000(-6.5%)<\/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: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/432-park-ave-manhattan-ny-10022\/66a\/18145858\" data-v-e6324b7e=\"\">432 Park Avenue #66A, New York, NY 10022<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$26,500,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$2,500,000(-8.6%)<\/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: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/145-central-park-w-manhattan-ny-10023\/4c\/16441602\" data-v-e6324b7e=\"\">145 Central Park West #4C, New York, NY 10023<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$17,495,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$2,480,000(-12.2%)<\/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: 45%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/432-park-ave-manhattan-ny-10022\/63b\/17532648\" data-v-e6324b7e=\"\">432 Park Avenue #63B, New York, NY 10022<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%;\">$25,750,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-right: 1px solid #51527c;\">-$2,250,000(-8.0%)<\/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: 45%; border-bottom: 1px solid #51527c;\"><a href=\"https:\/\/www.realtyhop.com\/building\/432-park-avenue-new-york-ny-10022\" data-v-e6324b7e=\"\">432 Park Avenue #37A, New York, NY 10022<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c;\">$22,775,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 25%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-$2,225,000(-8.9%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>The table above highlights properties that saw the most drastic price cuts in dollar terms this past month. It&#8217;s not surprising that all five properties are in Manhattan, with an initial asking price upwards of $22 million. 432 Park Avenue, one of the skyscrapers on Manhattan&#8217;s Billionaires&#8217; Row, currently has multiple units for sale. 3 of the units made this month&#8217;s list of units with the highest dollar price drops. All properties on the list had a price drop of $2.2 million and above.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Full Dataset<\/strong><\/h2>\n<p>The interactive table below includes all NYC listings with price drops in the month of June. You can sort by column or do a quick search using the search bar.<\/p>\n<div style=\"max-width: 1068px; width: 100%; height: auto;\"><iframe loading=\"lazy\" style=\"sroll: hidden;\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2022\/07\/nyc-price-drops-full-data-july-2022.html\" width=\"100%\" height=\"760\" frameborder=\"0\" data-mce-fragment=\"1\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<h2><strong>Methodology<\/strong><\/h2>\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. It includes listings that experienced price changes the month prior to publications in all five boroughs of New York City.<\/p>\n<p>To fairly analyze each neighborhood and eliminate outliers, only neighborhoods with over 10 price drops will be included in the rankings for the highest median percentage price drops and highest median dollar price drops sections.<\/p>\n<p>Want to know who owns these listings? Check it out 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; border-radius: 4px; 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;}<br \/><\/style>\n","protected":false},"excerpt":{"rendered":"<p>The real estate market has its ups and downs. In this June installment of the NYC price drops report, RealtyHop analyzed available data for June 2022 across boroughs and neighborhoods in New York City to provide a useful resource for those looking to invest in real estate. We focused on neighborhoods with the greatest total [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":8336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[2239,3],"tags":[],"class_list":["post-8330","post","type-post","status-publish","format-standard","has-post-thumbnail","category-featured","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>RealtyHop Price Drops Report: July 2022 - 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\/price-drops-report-july-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RealtyHop Price Drops Report: July 2022 - RealtyHop Blog\" \/>\n<meta property=\"og:description\" content=\"The real estate market has its ups and downs. 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