Compare by CANADIAN province

Property Value :
Property Type:
Country:
City   :
State/Province :
Best Commission Rate

New York City

Just 790 kilometers or 480 miles to the southeast of Toronto, Canada, is America's most metropolitan locality, New York City. With a population of nearly 8.4 million, this city, first incorporated in 1898, boasts some of the most prized real estate the world over. With only 302.6 square miles of land, the city is divided into five boroughs, and is part of Bronx, Kings, New York, Queens, and Richmond counties.

New York City Real Estate

Here, properties are as diverse as the demographics, from inspired old-world European to exceptionally modern, and everything in between, listing prices average over $2.6 million, with a median sales price of $1.125 million. The most sought-after properties are in the borough of Manhattan, with the upper west and upper east sides commanding the highest real estate values. The remaining boroughs, Queens, Staten Island, Brooklyn, and the Bronx all have relatively much more moderate prices.

Architecture

Architecture in New York City is exceptionally diverse, despite the fact it was both a Dutch colony and British colony. From castle like mansions in the heart of the city, to brown brick row homes, to single family homes across the boroughs, ranging in style from Cape Code to Key West styles.

Climate

Seasons in New York are quite distinct. Because the city is on the eastern seaboard of the United States, summers are warm and balmy, with temperatures climbing up to 33C or 92F and winters seeing lows of .55C or 33F. Fall and spring months are particularly pleasant, with mild temperatures ranging from 10C (50F) to 21C (70F).

Demographics

Being the most populous city in the US, New York City boasts a diverse demographic like none other. Approximately 44 percent are white, 33.3 percent non-Hispanic white, 25.5 percent black, 0.7 percent Native American and 12.7 percent Asian, with gentrification is ever spreading throughout the city.

Main Attractions

The metropolis has earned a reputation for its impressive museums such as the Guggenheim, the Metropolitan Museum of Art, and the Museum of Natural History, to the many theaters along Broadway. Other popular attraction include Central Park, the Empire State Building, Yankee Stadium, the Statue of Liberty, and Madison Square Gardens.

Transportation

Because the city is so dense, public transportation remains the most efficient and popular way to get from place to place. Taxi cabs are ubiquitous on the city streets, with buses, and the subway seeing heavy daily use, while private auto ownership is a fraction of the city's population.

Economy

Alongside Tokyo and London, New York City is an international hub of commerce. In 2010--the latest data available--it produced a gross metropolitan product (GMP) of approximately $1.28 trillion. An impressive 45 of all Fortune 500 Companies are headquartered in the city, and it's the home of the New York Stock Exchange, a leading prime mover in international commerce.

City Planning

The city is laid out in a grid, making it easy to navigate. Many of the commercial buildings in the city are dual use, with businesses located at street level, with private residences in the floors above. The Catskill Mountains watershed supplies the city's water.