Harlem real estate remains as hot as ever as one can see on the Harlem Wold Magazine Most Expensive Homes in Harlem widget on our homepages right hand column! Like our friends at Harlem Lofts who has provided The Annual Report Of Harlem Real Estate 2013 we are excited to share with you the 4th Quarter 2013 Townhouse, Condominium and Luxury Rental Reports.Harlem Lofts last report in 2012 showed continuing trends of record prices and low inventory, and it hasn’t abated. In Harlem real estate, 2013 will be remembered as the year townhouses started selling at the same price per square foot as neighboring condominiums. Each has very distinct advantages and disadvantages, but buyers normally pay a premium on a price per square foot basis to live in a Harlem condominium. Prices, while maintaining their higher trend, are still a bargain compared with the rest of Manhattan as you will see in our Condo Report Write-up. Rental inventory remains extremely low with current tenants choosing to continue to call Harlem their home.
Owning a luxury rental property in Harlem, no matter what the size, has proven to be a good investment over the past several years, and 2013 was no exception.
Owning a luxury rental property in Harlem, no matter what the size, has proven to be a good investment over the past several years, and 2013 was no exception. Harlem’s luxury rental market and general rental market continued at a torrid pace. The 4th Quarter only accelerated the trends that were already in place for the first 9 months of the year. And as of this writing, it appears this trend will continue into 2014. Harlem Lofts encourage renters and buyers to have their paperwork in order and ready to act if they need to make a decision.
Click to review the Harlem 4th Quarter Townhouse Report 2013
Click to review the Harlem 4th Quarter Condo Report 2013
Click to review the Harlem 4th Quarter Rental Report 2013