Thursday, January 17, 2008

University Park Makes Yet Another "Top" List



I'm pretty sure this list wasn't released back in August of 2007. (Whoops!) But in true Park Cities form University Park makes Forbes' list of America's Most Lucrative Cities where they picked the top neighborhoods from across the country whose median home sales prices has appreciated the most since 1990. UP's median home sales price, according to Forbes, was $672,573 in 2006 which puts their price growth at a whopping 253%. But it sure doesn't compare to the little piece of real estate at Riverside Drive And 149th Street in NY, NY which boasts a ho-hum (by New York standards) median sales price of $774,708. But price growth of 4,391%? Seriously? I bet they didn't check Volk Estates and streets like Vassar, Turtle Creek and Hunters Glen. (So the home on Hunters Glen didn't sell but a $17 million asking price is pretty impressive.)

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