By Carla Zanoni
INWOOD — Inwood’s real estate value shot up more than 15 percent this year, bucking a downward trend felt in tony Manhattan neighborhoods such as SoHo and Greenwich Village, and the rest of the country.
Inwood housing showed the largest jump in Manhattan home values this year with median home prices coming in at a $427,000, an increase of 15.1 percent, according to Crain's.
In SoHo, median home values fell 13.5 percent to $1.8 million, and in East Harlem home values showed one of the largest drops in the area with homes now valued at $516,500, 21.7 percent lower than last year, according to Zillow Real Estate Market Reports.
The pricing drops are more reflective of the devaluation many are seeing at their homes across the country where home values sit 25 percent below their June 2006 peak.
Tthose nationwide numbers are dangeroulsy close to “Great Depression-era declines, when home values fell 25.9 percent in five years,” read a public statement put out by Zillow.