A significant number of the houses in New City are not occupied year-round by their respective property owners. This area is an area that many younger people have moved to, and many amenities and businesses cater to the younger population.
Last year, home values in New City impressively dropped by a whopping 34.5 percent, with average listing prices declining from $92,422 to $60,515. In the meantime, the number of homes on the market slightly dropped 9.1 percent year-over-year to reach 30 listings in this year. There are a number of properties in New City with a lot of loft space that can be used for storage or can be converted into any kind of room.