Tag Archives: Real Estate

Harlem Real Estate Market Key Indicators as of Sun Aug 17 2014

Below is a snapshot of key indicators for Harlem’s real estate market, courtesy of Trulia.com.  Click here for additional details.

Our humble assessment:  For those seeking value on “the island” (of Manhattan that is) Harlem continues to sizzle.  South Harlem remains desirable and as such continues to become more expensive.  However Harlem is huge.  And people are curious about the buzz.  So they are exploring new markets in Harlem.  Some of our current favorites include but are not limited to: West Harlem including South Harlem (aka SOHA, Harlem Restaurant Row) from 125th to 145th, Central Harlem from 110th to 135th, and East Harlem from 96th to 125th.

We publish quite a few real estate related pieces on our social media channels.  Click here to tune into those channels.

Click here to view our for sale, for rent and vacation rental listings in Harlem, as well as links to our real estate related posts about Harlem.

harlem real estate

If you are thinking about living in Harlem, please check out the seminal work about Harlem, featured below.

 

 

 




Harlem is perhaps the most famous, iconic neighborhood in the United States. A bastion of freedom and the capital of Black America, Harlem's twentieth century renaissance changed our arts, culture, and politics forever. But this is only one of the many chapters in a wonderfully rich and varied history. In Harlem, historian Jonathan Gill presents the first complete chronicle of this remarkable place.

From Henry Hudson's first contact with native Harlemites, through Harlem's years as a colonial outpost on the edge of the known world, Gill traces the neighborhood's story, marshaling a tremendous wealth of detail and a host of fascinating figures from George Washington to Langston Hughes. Harlem was an agricultural center under British rule and the site of a key early battle in the Revolutionary War. Later, wealthy elites including Alexander Hamilton built great estates there for entertainment and respite from the epidemics ravaging downtown. In the nineteenth century, transportation urbanized Harlem and brought waves of immigrants from Germany, Italy, Ireland, and elsewhere. Harlem's mix of cultures, extraordinary wealth and extreme poverty was electrifying and explosive.

Extensively researched, impressively synthesized, eminently readable, and overflowing with captivating characters, Harlem is an ambitious, sweeping history, and an impressive achievement.
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Harlem Real Estate Market Key Indicators

Below are key indicators for the real estate Market in Harlem.

harlem real estate market trends

Click here for additional market details.

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Harlem Real Estate Market Key Indicators (as of Sunday July 6th 2014)

Snapshot of key Harlem real estate market key indicators such as average listing price, median sales price, average price per square foot, number of sales, etc.

harlem real estate market

Click here to view more details about this Market

Harlem Real Estate Market Update

harlem real estate

For HarlemCondoLife by Deondra Carter

The Harlem real estate market is off to a strong start. Prices were up by 9.7 percent and an astounding 145 percent in East Harlem compared to last year according to Trulia.com. The huge jump in East Harlem was based on 18 sales within the past year and can be attributed to the increase in townhouses and new condo units that were on the market. As seen throughout Manhattan, low inventory and strong demand continue to push prices north.

Sales in the Harlem market included a diverse mix of condos, co-ops, and townhouses. Within Harlem (including East Harlem and Hamilton Heights) there were 82 condo sales with a median price per square foot of $693 and an average sale price of $540,000. Standout sales numbers were reached at new condo developments such as Saint Anne’s Court at 48 West 138th street and 234 West 148th Street with 20 and 13 sales in the first quarter respectively. Expect to see even higher numbers next quarter when the units at The Adeline at 23 West 116 start to close. There were 44 co-op sales with an average sales price of $227,500. As for townhouses, there were 16 recorded 1-4 family sales with an average sales price of $1,314,433.

Congratulation to all the happy homebuyers and sellers!

For questions or information about this update, contact Deondra Carter, Licensed Real Estate Salesperson at Douglas Elliman Real Estate by email at Deondra.carter@elliman.com