When Will Harlem’s Townhouse Market Catch Up With Manhattan Prices?

September 4, 2017

In a recent analysis by PropertyShark, focusing on Harlem’s townhouse market.

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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

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You can check out the study here .

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