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Numbers to Know: NYPD’s new digs, protracted Internet home searches … and more
“Numbers to know” is a weekly web feature that catalogues the most notable, quirky and surprising real estate statistics. Central Park’s NYPD precinct gets a facelift, online searches delay home purchases, and buyers pay top dollar for uncompleted spaces. See this week’s countdown after the jump.
$158,100
U.S. home values in February — a 5.8 percent year-over-year increase and the second largest annual gain since August 2006 [Zillow]
411,000
Sales of newly built, single-family homes in February — a 4.6 percent decline from January [NAHB]
54,000
Foreclosures nationwide in February — a 19 percent year-over-year decrease [CoreLogic]
2,300
Additional square feet in the newly-renovated New York Police Department station in Central Park, which marked its completion this past week [NYPD]
$858
Average price per square foot of a Brooklyn condo — a 4.1 percent increase from just three months ago [CityRealty]
98
Average days on the market for New York apartments since they were first listed [Corcoran Group]
46
Individuals who will be relocated after a Queens landlord was charged with endangering their lives by illegally converting four houses into single-room occupancy residences — the landlord faces up to seven years in jail and a $1.6 million forfeiture lawsuit [Queens District Attorney]
40
Manhattan condos asking $4 million or more sold in the week of March 18 in buildings that will not be complete for two to three years [Olshan Luxury Report]
25
Multifamily transactions completed in New York City in January — a 34 percent decrease in transaction volume compared to January 2012 [Ariel Property Advisors]
5.52 percent
Rate of New York-area foreclosures among outstanding mortgage loans in January — a 0.07 percentage point decrease from January 2012 [CoreLogic]
4
Weeks it took for buyers to find a home who did not search online — it took buyers who used the Internet three times as long [Doorsteps]