Contact me here for assistance with buying or selling a home in Manhattan.
Manhattan Trends:
- Despite summer typically being a slow time in Manhattan real estate, sales figures were strong in July with condo and co-op sales up 19% compared to last year.
- Seller negotiability is increasing in the condo market while conversely sales over asking price are increasing in the co-op market. The discount offered by co-ops relative to condos is attracting more buyers.
- The co-op market saw strong year-over-year gains in average price (up 15%) and median price (up 8%). Despite these increases, average price per square foot decreased year-over-year by 6% due to fewer sales over $3MM.
Click the image above to access the full report
Filed under: Featured, Home Buyers and Sellers Tagged: manhattan apartment, manhattan co-op, Manhattan condo, Manhattan Real estate, New York city apartment, New York City Real estate
