Current Real Estate Market Trends:

Average price per square foot for New York NY was $1,100, a decrease of 9% compared to the same period last year. The median sales price for homes in New York NY for Feb 10 to Apr 10 was $980,000 based on 1,170 home sales. Compared to the same period one year ago, the median home sales price decreased 1.5%, or $15,000, and the number of home sales increased 144.3%.

The average listing price for homes for sale in New York NY was $1,885,987 for the week ending May 12, which represents a decrease of 2.7%, or $52,001, compared to the prior week. Popular neighborhoods in New York include Upper East Side and Upper West Side, with average listing prices of $2,789,656 and $1,799,056

History of New York City:

The largest city in the United States. It is located in the southern part of New York State, at the mouth of the Hudson River (also known as North River as it passes Manhattan Island).

In 1609, Henry Hudson sailed up the river that now bears his name and went as far as Albany. Five years later, a permanent settlement was established at what is now New York, but it was originally called New Amsterdam by the Dutch governors. One of them, Peter Minuit, was said to have bought Manhattan Island from the Indians in exchange for beads, buttons, and trinkets. In 1664, Great Britain’s Duke of York sent a fleet that quietly seized the settlement from the Dutch without bloodshed and rechristened the colony in honor of the duke.

Control of New York passed to the young U.S. at the end of the Revolutionary War, and George Washington was inaugurated president in New York’s old City Hall. Congress met in New York from 1785 to 1790.

In 1898, when Greater New York was chartered, the city expanded to include the following five boroughs, which are also counties in New York State: Manhattan (New York County); Brooklyn (Kings County); Bronx (Bronx County); Queens (Queens County); and Staten Island (Richmond County).

“The Big Apple” is a major world capital and a world leader in finance, the arts, and communications. The port of New York is one of the finest in the world and ranks as the largest port complex on the East Coast. The city is the home of the United Nations and is headquarters for some of the world’s largest corporations. The city is also the center of advertising, fashion, publishing, and radio broadcasting in the United States.

Manhattan Chamber of Commerce