It’s time to share my Three Cents Worth on Curbed, at the intersection of neighborhood and real estate.
Three Cents Worth:
Manhattan Townhouses and the High Price of Being Single
Manhattan townhouses represent about 2 percent of all unit residential sales in Manhattan, but since I haven’t done much with that data lately I thought I’d analyze the premium between one-family and two-to-five-family townhouse properties.
First, I inflation-adjusted the average sales price for the three property types. As an aside, the rise in townhouse prices was at half the rate of condos over the past decade—the impact of the credit boom on condo new development skewed their price growth higher than townhouses…
[Click to expand and read full post on Curbed]
Check out previous Three Cents Worth posts.
Tags: Three Cents Worth, 3CW
That’s odd. I wouldn’t have guessed that condos were becoming more popular than townhouses.