TOWN Data | Location Report 6/22

The old adage rings true, location is everything. In New York City, we have the world’s greatest amenities – from parks and cultural destinations to express transportation and premier shopping – right outside our door. It is with this in mind that TOWN shares the Location Report, the latest amalgamation of data intended to keep you up-to-date and ensure you make the most informed decisions.

As of 6/22, the current average price of a Manhattan condo apartment was $3,132,127.

Within three blocks of these sought-after amenities, you can expect to pay:

TOWN Data | Contract Signed Report 6/20

An authoritative source on Manhattan’s Luxury Market, TOWN Residential is pleased to share the Contract Signed Activity Report, an up-to-the-minute report of the last week’s activity broken down by neighborhood and price point. 

During Week 25, June 12 through June 18, 254 contracts – comprised of 132 co-ops, 105 condos, 12 condops, and 5 townhouse – were signed in Manhattan. 

Of the units in contract, 81 were priced from $1,000,000-$2,000,000 and 54 were priced from $2,000,000-$5,000,000 with an average days on market of 105 and 160 respectively. 

Please click below for a neighborhood by neighborhood analysis. 

TOWN Data | Building Amenities Report 6/19

New York City’s top buildings offer a range of amenities so extensive that residents might never have to leave home. Seasoned Representatives and savvy buyers know the importance of staying up-to-date on the latest amenities and top-notch services that buildings offer, from rooftop lounges to gyms or five star services, children’s playrooms, and more. With this in mind, TOWN is proud to provide you with the Building Amenities Report, the latest amalgamation of data intended to bolster your knowledge of the city’s greatest amenities as they correlate to recent sale prices.

As of 6/19, the current average price of a Manhattan condo apartment was $3,132,127.

In buildings with these amenities, you can expect to pay:

TOWN Data | Week In Numbers 6/16

TOWN Residential is proud to share the Week in Numbers, a clear-cut amalgamation of data intended to keep you up-to-date and ensure you make the most informed decisions.

During the 24th week of 2017, June 8 through June 15, both the average sales price and rental price decreased by -0.4%.

TOWN Data | Price Reduction Report 5/15

TOWN Residential is pleased to share the Price Reduction Report, a detailed analysis of price reductions throughout Manhattan broken down by individual neighborhood and calculated by dollar amount, percent amount and number of days on the market.

This installment of the report examines 1,515 active listings with price reductions within the last 90 days, comprised of 817 condos, 655 co-ops, and 42 condops.

The report reveals an average dollar amount reduction of $185,467 and an average price percentage reduction of 5.0%.

An analysis of the Manhattan market by neighborhood reveals that Central Park West registered a 54% increase in listings with a price decrease, followed by Battery Park with a 50% increase and the Chelsea with a 27% increase.

Average days on the market this month was 170, compared to 186 last month. Two-bedroom units made up 31% of total listings, reflecting a 2% increase from last month. There were 85 penthouses listed this month, compared to 60 last month.

TOWN Data | Location Report 6/15

The old adage rings true, location is everything. In New York City, we have the world’s greatest amenities – from parks and cultural destinations to express transportation and premier shopping – right outside our door. It is with this in mind that TOWN shares the Location Report, the latest amalgamation of data intended to keep you up-to-date and ensure you make the most informed decisions.

As of 6/15, the current average price of a Manhattan condo apartment was $3,138,236.

Within three blocks of these sought-after amenities, you can expect to pay:

TOWN Data | Contracts Signed Report 6/13

An authoritative source on Manhattan’s Luxury Market, TOWN Residential is pleased to share the Contract Signed Activity Report, an up-to-the-minute report of the last week’s activity broken down by neighborhood and price point. 

During Week 24, June 5 through June 11, 266 contracts – comprised of 126 co-ops, 127 condos, 10 condops, and 3 townhouse – were signed in Manhattan. 

Of the units in contract, 71 were priced from $1,000,000-$2,000,000 and 60 were priced from $2,000,000-$5,000,000 with an average days on market of 97 and 212 respectively. 

Please click below for a neighborhood by neighborhood analysis.

TOWN Data | The May Sales Recap

TOWN Residential, New York’s leading luxury real estate services firm, is proud to share The May Recap, the latest in a series of monthly updates on residential sales trends and pricing across Manhattan. 

During the month of May, the market registered an average sales price of $2.39 million, reflecting a slight month over month decrease of 1.8%, and a median sales price of $1.71 million. In total, 772 properties were sold, 1,085 contracts were signed, and 1,411 new listings hit the market. 

The latest construction stats reveal that residential construction in New York City is surging. April construction starts included 2,023 units, reflecting a 15.3% increase from the previous year’s average.

In May, the number of contracts signed increased by 5.5% since last month, but fell by 14% year over year. Total inventory increased by 7.7% month over month and decreased by 2.1% year over year. Number of listings taken off the market continues to increase.

TOWN Data | Building Amenities Report 6/12

New York City’s top buildings offer a range of amenities so extensive that residents might never have to leave home. Seasoned Representatives and savvy buyers know the importance of staying up-to-date on the latest amenities and top-notch services that buildings offer, from rooftop lounges to gyms or five star services, children’s playrooms, and more. With this in mind, TOWN is proud to provide you with the Building Amenities Report, the latest amalgamation of data intended to bolster your knowledge of the city’s greatest amenities as they correlate to recent sale prices.

As of 6/12, the current average price of a Manhattan apartment was $2,383,006.

In buildings with these amenities, you can expect to pay: