In a recent analysis by PropertyShark, focusing on Harlem’s townhouse market.
PropertyShark looked at the price evolution in Harlem compared to Manhattan overall and have also included a projected evolution for the next years.
Here are some highlights from the study, which also includes insights from local Prudential Douglas Elliman broker, Todd Stevens.
- The average sale price/sqft of townhouses in Harlem climbed 171% since 2009: from $237 to $642 per square foot
- Downtown Manhattan has the highest average sale price per square foot: $3,294
- Harlem records a 15% average yearly growth rate – if current pace continues, it could catch up with Manhattan’s average by 2028
You can check out the study here .
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