Recently, real estate research tool company Property Shark estimated how many of the world’s richest people it would take to buy Manhattan. Why? We have no idea, but it’s a fun fact either way. The company looked at the nation’s most expensive real estate market along with Forbes’ World Billionaires List.
To calculate the value of neighborhoods, the company took into account all residential property and multiplied the total number of residential units in a neighborhood by the average sale price recorded in that neighborhood for Q3 2016. This produced in an approximate value for said neighborhood.
