Digital Real Estate

Cities and neighborhoods you can trade on the Parcl Protocol

August 4, 2022
7 mins
Cities and neighborhoods you can trade on the Parcl Protocol

Parcl has pioneered a novel solution that allows institutions and individuals to gain exposure to the value of residential real estate via the Parcl Protocol. The Parcl Price Feeds track the price per square foot/meter in cities and neighborhoods and the Parcl Protocol allows users to create (mint) Parcls and trade them through the Parcl Protocol’s decentralized application (dApp) on Solana

Looking to grow your Global Real Estate Portfolio? Learn more about the tradable cities and neighborhoods on the Parcl Protocol below.

Los Angeles Parcl

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The greater Los Angeles area is home to one of the world's most premium real estate markets, with the median listing home price just north of 1 million USD. L.A. takes home the title for being the second-largest U.S. city, just behind NYC, with a population surpassing 19 million. Known for iconic attractions such as the Hollywood sign, Venice Beach, and the Griffith Observatory, LA is a trendy tourist destination, with tens of millions of visitors making the trek to L.A. each year. With great weather year-round, many consider L.A. the perfect place to call home. The epicenter of all things television and film, L.A. is also well known for its ten professional sports teams, making it nearly impossible not to have a favorite sports squad. Despite being infamous for rush hour traffic, L.A. remains the go-to spot for those looking to live in one of the most vibrant and exciting cities in the United States.

San Francisco Parcl

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The Greater San Fransisco area includes the northwestern Santa Clara County cities of Palo Alto, Mountain View, and Los Altos. With over 100+ songs dedicated to the city of San Fransisco, there’s no denying the magical appeal of one of the most famous cities in the world. Home to an incredibly diverse population, the city is rich in culture and has no shortage of entertainment options and places to explore. In addition to its wide diversity, San Fransisco has cemented itself as the tech capital of the world, with some of the biggest tech companies choosing San Fransisco as their home base. Within just a few hours of the city, you can be on the beach, in the mountains, or even driving through gorgeous desert landscapes. The San Fransisco housing market continues to explode, with median home prices in SF having recently hit the 1.5 USD million mark, largely due to the great location and high salaries of those who work in tech.

Phoenix Parcl

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Includes Phoenix, Scottsdale, and surrounding areas. The 6th largest city in the US, The Greater Phoenix area is home to over 4.6 million people. Despite being best known for its scorching heat, the hot weather hasn’t kept Phoenix from becoming the fastest growing big city in the country over the last decade. A popular “retirement community” spot, the median home price in Phoenix currently stands at around 440k USD. Home to over 200 pristine golf courses, and world class hotels, spas, and resorts, it’s a fantastic place to visit if you’re looking for some rest and relaxation. Phoenix is on record for receiving the most year round sunshine of any major city in the world, which is perhaps one of the major reasons the Phoenix Sky Harbor International Airport is one of the top 10 busiest airports in the country.

Miami Parcl

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The Great Miami area includes Miami-Dade, Broward, and Palm Beach counties as well as the cities of Miami, Fort Lauderdale, Homestead, Miami Beach, Coral Gables, and Hialeah. Owning the title of the most southern state in the United States, the Greater Miami Area is well known for its beautiful beaches and weather. Miami has more recently made a push to establish itself as a tech friendly city, working towards surpassing San Fransisco as the United States. Home to a large Latina population, Miami is considered to be one of the most diverse cities in the U.S. with about half of the population being born out of the country. Rich in culture, food, and language, it’s no wonder it remains incredibly popular tourist spot.  The typical home value of homes in Miami is just north of a half a million at $531,706.

Brooklyn Parcl

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One of five boroughs in NYC, Brooklyn is arguably the most notable behind Manhattan. Brooklyn was once known as the “Coffee Capital” of the world with over 25 million pounds of coffee roasted each month in the early 1900’s. If Brooklyn were a city on its own, it would be considered the 4th largest city in the U.S with a population just north of 2.5 million people. Currently the median listing home price in Brooklyn, is just shy of $1 million USD, at $950k. Famous for its unique culture, art, and cuisine, Brooklyn continues to be a popular place for millennials to start their careers and work their way up the ladder of success. At its most southern point, is the world-famous beach and amusement park in Coney Island.

Manhattan Parcl

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The most well known of the five boroughs in NYC, Manhattan is one of the most densely populated areas in the world, given Manhattan island is only 22.7 square miles. Home to a population of about 1.63 million people and has a median home listing price of $1.4M. Manhattan is considered to be the center of NYC of the “Big Apple” and the mecca of all things finance, entertainment, and media. It also has the highest concentration of billionaires in the United States. Home to Times Square, the New York Public Library, and the Empire State building, there’s no shortage of incredible sights to see.

As more Parcls become available to trade in the Parcl Protocol, this list will be updated.

Need help getting started with the Parcl Protocol? Check the Parcl Protocol guides below:

Getting Started: How to Trade on the Parcl Protocol

Getting Started: How to Pool (LP) on the Parcl Protocol

Getting Started: How to Borrow on the Parcl Protocol

Shared content and posted charts are intended to be used for informational and educational purposes only. Parcl does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. Parcl does not accept liability for any financial loss or damages. For more information please see the terms of use.

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