SoHo is located in the Manhattan borough of New York City.
The following is a real time, up to the minute report for the real estate market in SoHo as of 05-24-13:
Average Sales Stats:
Based on current sales data, the average price for a home in SoHo is $4,451,995. The average price per square foot is $1,737. The average neighborhood home is 2,745 square feet,
has 2 bedrooms and 2 bathrooms. In terms of condominiums,
SoHo condos carry an average monthly maintenance of $2,485 per month.
The majority of homes in the neighborhood are in pre war buildings.
"New York gets so much cooler South of Houston Street."- This cliche, as corny as it may sound, sums up the general reality of the SoHo real estate market. This famous concrete jungle is seemingly built for those looking to put in as much work at their favorite bar, lounge or loft party, as they do at their weekday 9 to 5 gig.
Surviving the threat of a Lower Manhattan expressway plan in the 1950s, SoHo real estate has traditionally thrived due to the quarter serving as a cultural hub, a fashion oriented commercial district and residential neighborhood for many of New York City's artists, writers, and other bohemian-esque residents.
Among the factors that have attract waves of young, college educated professional real estate buyers and renters to Soho today, are its cast-iron style lofts, which are row-aligned, and have been converted from industrial era buildings. Their large street-side windows provide for amazing natural light!.
The old-time New York feel of Soho, its world-renowned shopping and restaurant district, proximity to Nolita, the West Village, Tribeca, Noho, and a variety of other fabulous neighborhoods, and its increasing supply of more modern-glass condo units, have given SoHo's real estate market added incentive for new buyers. In addition to its residential offerings, SoHo also provides its residents with great access to New York City's subway system, along with great road access to the west side highway and the Holland Tunnel.
The Soho real estate market has shifted considerably and evolved over the past several decades. However, its reputation is as intact as ever, as a classically avant-garde residential and commercial quarter, making it a favorite amongst Manhattanites.