If you see this dog, prepare for home prices to skyrocket

The little-known link between dogs and New York real estate

New York Weekend Edition /
Feb.February 10, 2018 11:00 AM

New York. (Credit from back: Pexels, Pixabay)

Here’s a little tip from a source with their nose to the ground: if you see poodles sniffing around your neighborhood, you can bet on prices going up.

The New York Times ran the numbers and found it to be true: particular breeds of New York’s 500,000 dogs can faithfully be trusted to forecast the city’s hot markets. At the top of the list in terms of the most influential pups: poodles, the long-time top-dogs of the Upper East Side who’ve lately been seen prowling parks in south west Manhattan.

“It’s almost as if the idea of the Upper East Side has relocated,” Compass agent Jason Saft told the Times, about the influx of poodles in the West Village.

Between 2012 and 2016, the number of poodles registered in Hell’s Kitchen and Chelsea exploded and with them came developers. The West Village area’s median sales price is now $1.3 million surpassing the UES in 2013, according to the Times.

A good rule of the thumb: the tinier the dog and the rarer the breed, the pricier homes will get. [NYT]Erin Hudson


Related Articles

arrow_forward_ios
StreetEasy to hike rental listing fees by 50% on June 1
StreetEasy to hike rental listing fees by 50% on June 1
StreetEasy to hike rental listing fees by 50% on June 1
Robert Rahmanian, Louis Adler, Lyndsey Casagrande, Kenny Fung and Robert Reffkin (Getty)
Real New York sues Compass agents for breach of contract
Real New York sues Compass agents for breach of contract
Project Renewal CEO Eric Rosenbaum, Attorney Adam Leitman Bailey and 27 West 11th Street. (Google Maps, Facebook via Project Renewal, Bailey)
Greenwich Village site eyed for shelter has asbestos issues: lawsuit
Greenwich Village site eyed for shelter has asbestos issues: lawsuit
REBNY's James Whelan, Sen. Brad Hoylman and Assemblymember Emily Gallagher (Getty, Whelan via Anuja Shakya)
Bill to audit 421a gets hearing as pols put subsidy in crosshairs
Bill to audit 421a gets hearing as pols put subsidy in crosshairs
REBNY's James Whelan with Sen. Julia Salazar and Sen. Jabari Brisport (Getty, Brisport via Jabari for State Senate, Whelan by Anuja Shakya for The Real Deal)
It’s back: Lawmakers propose ban on broker fees
It’s back: Lawmakers propose ban on broker fees
Exterior and amenities of 85 Jay Street in Dumbo. (Front & York)
Two Brooklyn homes asking $8M go into contract
Two Brooklyn homes asking $8M go into contract
740 Park Avenue and 24 Leonard Street (Google Maps)
Steven Mnuchin’s Park Avenue pad tops Manhattan contracts last week
Steven Mnuchin’s Park Avenue pad tops Manhattan contracts last week
(Getty)
Where the lawsuits challenging NY’s 2019 rent law stand
Where the lawsuits challenging NY’s 2019 rent law stand
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...