Home & Garden
West Village Home Asking Prices Down 34 Percent: Report
Elsewhere in the city, the home sales market is on the rebound, with both inventory and sales prices increasing.
WEST VILLAGE, NY – The West Village is getting left behind in a citywide home sales market rebound, a new report found.
A citywide surge in demand, tied with near record low mortgage rates, is sending home sales across the city up, according to a new StreetEasy report.
But the West Village isn't showing a similar jump.
Find out what's happening in West Villagefor free with the latest updates from Patch.
The average asking price for homes in the West Village was $1.497 million, down more than 34 percent compared to the previous quarter, the report found.
And the average rent in the West Village was $3,295, down more than 10 percent.
Find out what's happening in West Villagefor free with the latest updates from Patch.
The average recorded sales price for homes in the West Village was $1.560M, up more than 42 percent.
Total sales inventory in the West Village was 201 in June of this year, compared to 192 in June 2020, according to StreetEasy.
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