Sunset Park 2019 Mid-Year Report

SINGLE FAMILY RESIDENCES

The single-family home median sold price has dropped from $1.9M to $1.77M, yet the median price per square foot increased to $1,180/ppsf, an incredible $61 jump. The median days on market has risen by 12 days, and the number of homes sold is down by 4 homes. The majority of houses sold featured 3 bedrooms (43% of sales), with 2 bedroom and 4+ bedroom houses tied at 28.5% of all sales year-to-date.

 

CONDOS

The condominium median sold price has increased from $1.02M to $1.13M, an increase of over $100k in one year. Yet, the median sold price per square foot decreased to $759/ppsf — a decrease of $15. The rise in median days on market was mild, only increasing by 3 days, and the number of condos sold is down by 4 condos. Two-bedroom condos made up the majority of sales at a whopping 90%, while only 10% of condo sales year-to-date featured 3 bedrooms. No 1-bedroom condos sold during this period.