Brooklyn's Williamsburg may have the perfect home for you and your family
When you plan your move to New York City, you want to make sure you're getting a good deal on a new property. However, real estate in New York, NY, can run you into prices that are quite high, so looking in more affordable areas may be a wise idea.
Brooklyn is an up-and-coming borough of the Big Apple, and Williamsburg is by far the most expensive and luxurious neighborhood in the area. In the first quarter of 2012, the median price per square foot in Williamsburg was $805, according to PropertyShark.
ZipDataMaps reports further on the area, noting the median home listing price was $666,250, but sellers often settled, as the median home sale price was $387,674. You may be able to find a discounted property in the area of Williamsburg that fits your unique needs. What's more, with properties listed much higher than they are selling for, your financial investment may prove beneficial if home values continue to rise across the United States.
When moving to New York City, consider homes in boroughs where rents and home values aren't as high - you may be able to find the home of your dreams for a low premium today.