Consumers and real estate professionals alike will find www.NYRealEstateTrends.com a useful and interesting tool to use. This site tracks changes in value for all NYC neighborhoods, using public records, and is the only source providing such information at no charge.
In addition to providing various analyses of the data since 1995 – average and median sales prices, highest and lowest price with a Zip code, total sales volume and percent of change by borough – the site also provides easy-to-understand definitions of common terms used in real estate transactions, especially helpful for first time buyers and experienced buyers new to the New York City market.
While the site does provide a lot of information, it isn’t a do-it-yourself kit for real estate. If you have any questions about buying or selling residential property in the city for investment or for your own enjoyment, please feel free to contact me.
SOURCE (Market Watch)