Bronx – Clason Point sales jump 101% ahead of new Soundview ferry

Watch your wallets in these neighborhoods.

Real estate data Web site PropertyShark calculated the median prices at which homes sold in 50 New York City neighborhoods during the first quarter of 2018.

In an analysis for The Post, the PropertyShark gurus compared the median prices with those from same time a year ago — and revealed which Big Apple areas have seen the biggest price increases.

The big winner (or loser, for those who want to buy there now): Fort Greene. In that Brooklyn nabe, the median sale price jumped 131 percent from $555,000 to $1.28 million.

Bronx’s Clason Point enclave, on a peninsula that just out into the East River, saw its median sale price rise from $196,800 to $395,500, or 101 percent — making it the runner-up.

Neighborhoods where real estate prices accelerate quickly are one indicator of gentrification. In established areas, they can be a sign of a healthy or ever-booming property market; in more up-and-coming ones, they could signal a good time to invest.

The townhouse-lined West Village (which saw an 88 percent increase from $1.23 million to $2.31 million), Brooklyn’s Gerritsen Beach (an 86 percent increase from $215,000 to $399,000) and hipster haven Greenpoint (an 81 percent increase from $747,224 to $1.35 million) were next.

Rounding out the top 10 were Queens’ Whitestone neighborhood, Manhattan’s East Village, Queens’ Rockaway Park, Brooklyn’s Flatbush and Concourse Village in the Bronx.

The same PropertyShark study, published earlier this week, also determined the priciest neighborhood in the Big Apple: Tribeca, with a median sales price of $3.75 million.

For the full article from NY Post, click here. 

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