2016 Trending Neighborhoods in New York

 

 

The New York Times has chosen their picks for the up and coming NYC neighborhoods in 2016. Based on expert advice from relators, and market trends, the Times have surmised where the hottest neighborhoods in 2016 will be. While last year Brooklyn dominated, this year might surprise people. Below are a few of the Time’s picks, and some of their rational behind them.

 

The Rockaways, Queens 

The Rockaways are a peninsula of Long Island, located within the borough of Queens. The area has traditionally been a summer retreat, a sanctuary for surfers and beach bums. But according to the Times, young professionals are starting to take notice of the area.

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Recent gentrification has caused developers to move in, bringing new, upscale apartments and residential buildings to the area. A new boardwalk built in the after math of Hurricane Katrina is also expected to draw in more shops and waterfront entertainment.

For those not interested in splashing the money for waterfront property, there are an abundant number of inland apartments, which can be had for less.

Lower Manhattan is less than an hour subway ride away, making commute times reasonable. The allure of living near the water, while still living in New York City, and having affordable housing, is something that many people are finding too good to pass up.

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East Harlem, Manhattan

Located North of Manhattan’s upper East side, this historically Spanish neighborhood is seeing some resurgence. People looking to stay in Manhattan but avoid high prices have been turning to East Harlem.

Developers are moving into the area and putting up new buildings, or renovating old ones, but prices are staying low. StreetEasy lists the median home price at 499,000, significantly lower than other areas on Manhattan. The influx of money has pushed the area into developing beyond just housing. New bars and restaurants are opening, but not at a rate that kills off small existing business.

Proximity to the subway is sure to be a draw for residents moving into the area. The distance to Manhattan will also be a draw, not living downtown while being close enough to make it easily will turn more than a few heads.

The price is right for this up and coming neighborhood. However, if you’re more interested int the luxurious Southern neighborhoods contact Noble Black, the go to Manhattan luxury real estate agent.

 

Sunset Park West, Brooklyn

Sunset Park West is a part of Brooklyn’s Sunset Park neighborhood. While not traditionally a neighborhood on its own, we’ll let the times slide here. Sunset Park is traditionally known for its ethnic diversity. The neighborhood has a median home price of just under 500,000 million dollars, making it affordable by New York City standards.

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The Times has real estate agents on file saying that the area is benefitting from being close to the subway, an increase in office related buildings going up, and water front development.

Water front development will surely be the deciding factor here. With office buildings developing along the waterfront, residential housing is sure to follow. Like the other places on our list, the price is right. Low prices combined with increased development usually equals neighborhood boom.

Should Your Real Estate Website have an IDX Feature

 

For our listeners who are Real Estate Agents, our last segment covered a much wanted topic regarding IDX feature on websites. Below is a summary on what we covered!

The IDX tool or Internet Data Exchange allows the general public to carry out searches of the approved Multiple Listing Service (MSL) of a given area. The IDX feature falls under the advertising category according to the Department of Real Estate rules and thus has to follow rules set by the department. So, should your real estate website have an IDX feature?

Considering that most people searching for homes to rent or purchase, do so by conducting an internet search first. They expect to see the total listings of what is available in a certain locality on the first real estate website they visit. If they don’t see what they need, they will move on to the next site that does display all the listings. As Inman states,

Your website is your online storefront”

This perfectly sums up your online presence. If your website has a sleep design and a properly equipped IDX feature, a potential client will be more likely to choose you over your competitors.

Other criteria searchers look for in a website include:

  • Ease of use
  • Convenient access
  • Logical listings

If these things are not available they will move on to the next site, which is bad for your business!

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More Reasons for Why Should Your Real Estate Website have an IDX Feature

When other websites feature your listings, you have the benefit of free advertising. The greater the number of places showing your listings, the greater your exposure and the faster you make a sale. It is a given, that unless you sell, nobody makes any money! What was once a closed MLS (Multiple Listing Service), it is now, with the use of the internet, been opened to millions of consumers and greater opportunities for the real estate websites.

Another benefit of using IDX is that when other people’s listings are put on your website, consumers keep returning to your site for new listings. This makes your website and you personally a great resource for the consumers in the area. The IDX supplies the information to potential home buyers, renters, and sellers who are seeking a new endeavor. Regarding the latest MLS listings and having an IDX tool allows your website to become a more recognized site for useful information.

Cost of An IDX Tool

It is commonly said “you get what you pay for,” the same is true of IDX. The most cost effective service is the one made available to your website through your area MLS straight. Just request for the use of an IDX system for your website and majority of the MLS boards around the country will deliver a cheap basic service.

Website-idx-feature-real-estateA second option is to purchase it from a third-party vendor and as a simple internet search will show there are plenty of them. While such systems provide cutting-edge service, they also cost significantly more. However, they are more aesthetically pleasing, and will be viewed more positively than the cheaper services.

If funds are not an issue then there are various luxury IDX system. The newest systems have much better performance. They offer more powerful maps, greater SEO function, faster search integration, and WordPress plugin that works better.

So the answer the question should your real estate website have an IDX feature? Consider the fact that not having an IDX feature on your website can mean that you will be lagging behind the competition. Well, how can you afford not to?