Charming springs to mind when talking about some of the most notable characteristics of the West Village — hence while it is a hot neighborhood for both buyers and renters alike. Although there is something new to discover each day, living here is not for everyone, as prices are a bit steep compared to adjacent neighborhoods. Filled with boutique shopping, trendy restaurants and quaint, winding, cobblestone streets that you can wander and get lost through till early hours of the morning, this neighborhood is filled with some of the city’s most beautifully designed townhomes and residences.
Thus far this year, through April 2022, there have been 104 closed sales, with 33% priced under $1M, 38% priced between $1-3M, 20% priced between $3-8M, 8% priced between $8-12M, and the remaining 1% priced over $12M.
The RLS reports 105 currently active listings on the market, of which 23% are listed below $1 million, 28% are listed between $1 – $3 million, 32% are listed between $3 – $8 million, 8% are listed between $8-$12 million, and 10% listed above $12 million. The median asking price in the West Village range from $1.14 million for co-ops, $5.8 million for condos, and $8.5 million for townhomes in the area.
The rental market in West Village currently has 65 available listings; 25% of these listings are studios, 40% are 1-bedrooms, 22% are 2-bedrooms, 5% are 3-bedrooms, and 9% are 4 or more bedrooms. The median price of co-op rentals is $5,000/month, condo rentals is $6,295/month, and for townhome rentals is $21,805/month in this area.
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