Bolton Landing, NY Homes For Sale - New York Real Estate | BEX Realty (2024)

FAQs

What is the hottest real estate in New York? ›

The current real estate market conditions in New York are becoming favorable for home buyers. Here's how: Lower Mortgage Rates: The interest rates for home loans have decreased to 7.05%, marking a decline from approximately 8% in the preceding year of 2023.

The city of New York: Unsurprisingly the city's own government came out on top with the amount of properties and square footage it owns across the city. TRD's analysis revealed that the city owns 362.1 million square feet and nearly 5,000 parcels of land and buildings across the city.

Buying a house in New York can be intimidating, especially when you take a look at the numbers. The prices are soaring. The median sales price of homes in New York currently sits at $622,026, up by 3.4% over the last year. Adding to the woe, sellers typically demand at least a 20% down payment on the purchase price.

Best neighborhoods in New York

Greenwich Village, Manhattan. Harlem, Manhattan. Williamsburg, Brooklyn. Astoria, Queens.

Where do rich people live in manhattan? The most expensive areas of New York are NoHo, Hudson Yards, Tribeca, Central Park South, and Nolita. The average sales price in these areas exceeds $3 million. As you might expect, most wealthy New Yorkers live in Manhattan.

Mortgage rates are expected to come down in 2024, and inventory and home sales are likely to increase. Homebuyers and sellers can also expect prices to continue to rise, albeit at a slower clip than the past couple of years.

Recent Trends in NYC's Home Purchase Market

Based on data from StreetEasy, the median sales price for homes that sold in 2023 was $764K, down about 2% from a record high of $782K in 2022 but back up to $785K in early 2024.

And as you might imagine, recessions are a risky time to buy a home. If you lose your job, for example, a lender will be much less likely to approve your loan application. Even if a recession doesn't affect you directly, if your area is hard-hit, that could have a serious effect on the local real estate market.

Later, Yeshiva University came to own the property, including the Hess Triangle, and in October 1995 it was sold by Yeshiva to 70 Christopher Realty Corporation. Subsequent owners have left the plaque intact. The triangle and Village Cigars shop behind it were placed on sale in 2021.

What family owns the most real estate? ›

The largest landowner in the world currently is King Charles III of England. How much land does the Royal Family own? He and the British Royal Family own more than 6,600,000,000 acres of land around the world. They technically own many territories around the globe, amounting to 1/6 of the surface of the planet.

Fair Field is a large private house in Sagaponack, Long Island, in New York State in the United States. The main house is approximately 64,000 sq ft (5,900 m²), and the total floor area is 110,000 sq ft (10,000 m²). It is valued between $267 to $500 million for tax purposes. Built in 2003, it is owned by Ira Rennert.

Homes in the tip of Manhattan cost a median of $471,875 and can be had on a yearly salary of $126,417.

What do mortgage lenders consider a poor credit score in New York? The required credit scores for mortgages in New York differ based on the type of loan. Conventional loans demand a score of 620, while government-backed loans are more lenient. However, a score below 500 makes mortgage approval difficult.

New York, NY housing market

In June 2024, the median listing home price in New York, NY was $825K, flat year-over-year. The median listing home price per square foot was $857. The median home sold price was $776.1K.

Articles: Hottest Markets

The Manchester-Nashua metro area in New Hampshire ranked as the country's hottest housing market once again… The Manchester-Nashua metro area in New Hampshire ranked as the country's hottest housing market once again…

Tribeca. Located on the southwestern corner of Manhattan, Tribeca (“Triangle Below Canal Street”) consistently ranks as the most expensive neighborhood in NYC, according to several sources. Best known for its stylish industrial lofts and charming cobblestone streets, residents here enjoy a hip and upscale neighborhood.

The highest temperature ever observed in Central Park is 106 °F (41 °C) on July 9, 1936 - although LaGuardia reported 107 °F (42 °C) on July 3, 1966, and the lowest is −15 °F (−26 °C) on February 9, 1934.