New York State’s real estate market has been in a gradual upward trend for over almost a decade. The trend is unlikely to change anytime soon, which is what makes real estate such a sought-after investment option in this region. The median home price stood at a staggering $304,200 in September 2017 and is projected to climb to $318,000 by September 2018.
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Why New York is Exciting for Homeowners
New York is the fourth most populous state in the country, and the most important area within this, is New York City. This region is home to over 40% of the state’s population and includes three islands located in the vicinity. The most noteworthy among these is Long Island, which includes popular areas like Brooklyn and Queens. Among the five boroughs of New York City is the Bronx, which is scenic and thrilling.
New York is a place where people dream of owning property. This is because it has the best of both worlds. The land itself is picturesque, and the state takes pride in its many national parks, monuments, and historic landmarks. On the other hand, the economy is thriving, with offices of plenty leading companies in the tech, investment banking, media, and entertainment domains.
Among the most preferred regions of the state is Long Island. This densely-populated island includes Brooklyn (Kings County) and Queens (Queens County), both of which are known for their quaint apartment complexes. These areas are famous for their beaches, as well as for culture, and cuisine. Another popular place in the state is the Bronx, which has prominent shopping areas and sprawling parklands, despite having high population density.
Check out investable properties in New York. Contact us to know how fixing and flipping properties in this beautiful state can benefit you.