New York has topped the list of US cities with the highest total real estate value. According to analysts, all real estate in the metropolis is worth $ 2.8 trillion. This was reported by PropertyWire, citing a study by Lending Tree.
In second place is Los Angeles, where this figure is 2.3 trillion. Closes the top three cities in San Francisco with 1.3 trillion. In New York, the average household costs $ 501 thousand, experts found, in Los Angeles – $ 668 thousand. For San Francisco, the price of 959 thousand dollars is named.
The lowest cost of real estate (among the 50 largest cities in the United States) is recorded in Salt Lake City (Utah), Naples (Florida) and New Orleans (Louisiana). On average, households here are estimated at 312 thousand, 329 thousand and 201 thousand dollars, respectively.
Earlier in July, it became known that the three-month quarantine imposed due to coronavirus hit hard on the New York real estate market: in the second quarter of 2020, home sales in the city decreased by 54 percent compared to the same period last year.
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. (Source: rambler)