PERHAPS IT’S NOT A SURPRISE THAT THE Manhattan neighborhood commanding the highest median sale price of 2020 is called Billionaires’ Row.
Homes along the strip of West 57 Street just south of Central Park saw a median price of just over $3 million last year, but Soho and Tribeca nearly matched the pencil-tower forest with a median price of $2.9 million. Sales were down overall in Manhattan last year, with most neighborhoods notching far fewer home sales than in 2019.
The neighborhood with the most transactions last year was the Upper East Side, where 1,430 homes changed hands. But that was still a sharp drop from 2019, when 2,410 homes sold. The year-on-year decline was even steeper on the other side Central Park. The Upper West Side had just 638 home sales in last year, down from 2017 transactions the year before that – a drop of more than 68 percent.
|NEIGHBORHOOD||2020 MEDIAN SALE PRICE||NO. OF SALES|
|Soho + Tribeca||$2.9M||384|
|Central Park West||$2.5M||37|
|Fifth Ave + Park Ave Corridor||$2.1M||259|
|Riverside Drive + West End Ave Corridor||$1.75M||442|
|Midtown East + Turtle Bay||$1.15M||665|
|East Village + Lower East Side||$1.05M||397|
|Upper East Side||$1.05M||1430|
|Upper West Side||$999,500||638|
|Battery Park City||$960,013||69|
|Sutton + Beekman||$950,000||152|
|Midtown West + Clinton||$891,468||261|
|East End Ave||$869,000||25|
|Union Square + Gramercy|
+ Kips Bay + Murray Hill
|Harlem + East Harlem||$744,161||310|
|Hamilton + Morningside Heights||$662,500||96|