Real Estate Blog - Manhattan 3rd Quarter 2009 Market Report

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Manhattan 3rd Quarter 2009 Market Report

"Buyers have realized meaningful price reductions since last year".

The 3rd quarter Corcoran Report analysis of the Manhattan housing market is now available. The Corcoran Report, in collaboration with Property Shark, is the industry standard for measuring the pulse of the real estate market. Click links or picture for full report.

Median price came in at $799,000, down 18%, with price per square foot falling 14% to $1,012.

Courtesy of: Mitchell Hall, Associate Broker, The Corcoran Group

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Posted by Mitchell Hall - Manhattan Real Estate on 10/02/2009 01:20 PM

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2 Comments on Manhattan 3rd Quarter 2009 Market Report

OCT

Prices in Honolulu, Hawaii can compare to Manhattan, NY, however we have not seen as steep a decline in median price or cost per square foot. Thanks for the data.

OCT

Hi Douglas, Your welcome. Lehman Brothers going out of business caused the decline. Most reporets are indicating Wall Street is rebounding.

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