Garden City Real Estate
Current State of the Market
Firstly, he Garden City real estate market has been on a steady upward trend. With a high demand for homes in the area. According to the latest data from Zillow. The median home value in Garden City is $1,186,300, which is a 3.3% increase from the previous year. The median price of homes currently listed in Garden City is $1,249,000. With an average price per square foot of $433.
Secondly, one of the driving factors behind the growth of the Garden City real estate market is its location. Garden City is located near major highways, including the Long Island Expressway and the Northern State Parkway, making it easily accessible from other parts of Long Island and New York City. Additionally, Garden City has excellent transportation options, including the Long Island Rail Road and numerous bus lines.
Trends in the Market
Thirdly, one of the main trends in the Garden City real estate market is the increasing demand for single-family homes. Many homebuyers are looking for spacious homes with ample outdoor space, and this has led to a surge in demand for single-family homes in the area. According to Zillow, single-family homes make up the majority of homes for sale in Garden City.
Another trend in the Garden City real estate market is the growing popularity of homes with modern amenities. Many homebuyers are looking for homes that have been recently updated or renovated, and this has led to an increase in demand for homes with modern amenities, such as smart home technology, energy-efficient appliances, and open floor plans.
Future Prospects of the Garden City Real Estate Market
The future prospects of the Garden City real estate market are positive. The village’s rich history, and convenient location make it an attractive destination for homebuyers and investors alike. The growth of the real estate market is expected to continue in the coming years, albeit at a more moderate pace.
Another is of the main factors that will continue to drive the growth of the Garden City real estate market is its location. Also, the village’s easy access to transportation options and major highways will continue to make it an ideal location for commuters.
In conclusion, the Garden City real estate market is a dynamic and growing market that offers a wide range of housing options for homebuyers. With its rich history, convenient location. Finally, Garden City is an ideal location for those looking for a charming and welcoming community.
Garden City Listings Summary
Garden City - Town vs. County Stats
Avg Price in Garden City: $1,653,100 / County Avg $1,429,200
Avg Taxes in Garden City: $18,700 / County Avg $20,600
Avg Sq. Ft. in Garden City: 19,342 / County Avg 18,241
Avg Price per/sqft in Garden City:$85 / County Avg $78
Avg Walkscore in Garden City: 62 / County Avg 60
Avg Year Built in Garden City: 1952 / County Avg 1959
Avg Days on Website in Garden City: 72 / County Avg 101