UWS Zip Code Sees Largest Price Drop in Country: Report

In 2020, the median sale price in zip code 10069 had increased by 42% from 2019 – landing at $2,725,000. This was the largest increase in the entire country, according to a report by Property Shark, which had attributed the zip code’s growth in large part to Waterline Square, the three-building condo and rental complex located between 59th and 61st Streets along the water.

Advertisement




This year, the same zip code has set another record – the sharpest price contraction in the country, dropping 39% to land at $1,663,000, according to Property Shark’s annual report on the country’s most expensive zip codes. Year-over-year, the Upper West Side zip code – which spans from 59th to 72nd Streets along Freedom Place and Riverside Boulevard – has dropped from being the 22nd to the 93rd most expensive in the country.

riverside boulevard 10069 price drop

Riverside Boulevard – by Flickr user Eden, Janine and Jim

For a bit of perspective, we reached out to UWS real estate agent Deanna Kory of Corcoran, who told us that “New development sales are booming in Manhattan, but aside from the sales at Waterline Square, many of the Riverside Boulevard buildings are not selling as well. There are some exceptions: the newer the building, the higher the sales price and greater the velocity of sales.”

Here are all NYC zip codes included in Property Shark’s list of “Most Expensive U.S. Zip Codes in 2021.”

Ranking #Zip CodeMedian Sales Price
2210013$3,212,000
2510007$3,125,000
3510282$2,725,000
5110001$2,171,000
6410012$1,935,000
9310069$1,663,000

Advertisement




And here are the top 5 most expensive locations in the country:

Ranking #Zip CodeLocationMedian Sales Price
194027Atherton, CA$7,475,000
22199Boston, MA$5,500,000
311962Sagaponack, NY$5,000,000
494957Ross, CA$4,583,000
533109Miami Beach, FL$4,475,000




Sharing is caring!

Latest Comments

  1. Jay November 15, 2021
  2. mark November 15, 2021
  3. Brett November 16, 2021
  4. Alex Solano November 16, 2021

Leave a Reply to Jay Cancel reply

Advertisement