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
A photo illustration of Vishal Garg, chief executive officer, Better.com (Better.com, iStock)
Better.com CEO returns to role after Zoom layoffs controversy
Better.com CEO returns to role after Zoom layoffs controversy
(iStock/Illustration by Steven Dilakian for The Real Deal)
Black mortgage applicants’ rejection disparity surges
Black mortgage applicants’ rejection disparity surges
Redfin CEO Glenn Kelman (Redfin, iStock)
Service divide at forefront of Redfin discrimination suit
Service divide at forefront of Redfin discrimination suit
Milo Founder and CEO Josip Rupena (iStock, Milo Credit)
Crypto-rich but can’t buy a home? Now you can
Crypto-rich but can’t buy a home? Now you can
Side's Guy Gal and John Wollberg
Brown Harris Stevens defector kicks off Side’s entrance into New York
Brown Harris Stevens defector kicks off Side’s entrance into New York
Outpaced demand spurred largest decline in 18 months: Redfin (iStock)
U.S. home sales dropped 11% amid waning supply
U.S. home sales dropped 11% amid waning supply
Serhant brings in two Compass teams
Serhant brings in two Compass teams
Serhant brings in two Compass teams
Ulster County, NY (iStock)
Ulster County home prices spiked 20 percent last year
Ulster County home prices spiked 20 percent last year
arrow_forward_ios

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

Loading...