market reports: Q1 2016 Manhattan Residential Market Report - 04/05/16 05:08 AM
The average and median apartment prices reached record levels in the first quarter, with a large number of luxury new development closings. With the help of 432 Park, a record number of new development closings topped the $10 million mark. New developments were also responsible for the 10% increase in the total number of sales from a year ago, as new development closings jumped 70%.
Looking at just the resale market, the average apartment price fell 1% from 2015’s first quarter to $1,542,348. A decline in luxury resales was primarily responsible, as the median resale price hit a new record of $965,000. … (1 comments)

market reports: 2nd Quarter 2015 Residential Manhattan Market Report - 07/05/15 10:11 PM
Manhattan apartment prices averaged $1,809,146 in the second quarter, down slightly from the first quarter’s record level, but 8% more than a year ago. The median price also fell slightly from the prior quarter, but was 6% higher than the second quarter of 2014.
Cooperative Average Sale Price The average cooperative sales price rose 11% over the past year to $1,360,013. All sizes of co-ops posted an increase in their average price compared to 2014’s second quarter.   Condominium Average Sale Price Condominiums saw prices increase for all size categories over the past year, led by a 13% gain in the average price for studios. At $2,439,669, the … (1 comments)

market reports: 1st Quarter 2015 Manhattan Residential Market Report - 04/08/15 06:11 AM
A decline in high-end new development closings brought the average apartment price down from last quarter’s record level in Manhattan. At $1,735,628, this figure was 2% higher than a year ago and the second highest average price on record. The median price of $970,000 was a 7% improvement from the first quarter of 2014. The price increases over the past few years, combined with low inventory led to 8% fewer closings than a year ago.
Resale apartment prices alone remained strong, with the average of $1,530,943 up from both the prior quarter and a year ago. The median resale price reached a … (0 comments)

market reports: 4th Quarter 2010 Manhattan Sales Market Report - 01/16/11 10:05 AM
The last quarter of 2010 in Manhattan real estate market will be known for the year of luxury as homes of $3 million and up and were popular sales in last quarter of 2010.Prices for Manhattan apartments continued to edge upward, as their average sale price of $1,432,787 was 8% higher than a year ago. This marked the sixth straight quarter that the average price has risen.While the number of recorded transactions fell 25% from a year ago, the fourth quarter of 2009 was uncharacteristically busy due to pent-up demand after the collapse of Lehman Brothers had frozen the market earlier … (0 comments)

market reports: Third Quarter 2009 Manhattan Market Report - 10/03/09 03:34 AM
Third Quarter 2009 Manhattan Market Report is in
While the residential market is not back to where it was before the collapse of Lehman Brothers, things have improved over the past several months. 
With a slow start, the spring buyimg market picked up. National housing indicators are turning around and job losses are slowing. Many feel that the worst is now behind us.
The average price for Manhattan apartments was $1,274,563 during the third quarter of 2009, up slightly from the prior quarter.  While the average price is still 13% lower than a year ago, this is an improvement from the second quarter's … (0 comments)

market reports: 2nd Quarter 2009 Manhattan Sales Market Report - 07/04/09 02:04 AM
Second-quarter sales prices fell nearly 20% in a year, while sales volumes drop like stones. The number of months on the market now doubles the decade's average.
The Manhattan residential real estate market showed little sign of recovery during the second quarter.
Some of the reports attributed the second-quarter price drop-off to sales back in early 2008 of high-priced units at The Plaza and 15 Central Park West. Some apartments at those luxury buildings sold for as much as $4,000 per square foot in the second quarter of last year. Greg Heym, chief economist at Halstead Property, said "adding that this year's … (0 comments)

market reports: 1st Quarter Market Report 2009 - Manhattan - 05/25/09 11:43 AM
1st Quarter Market Report 2009
An 87% decline in closings over $10M from the 1st quarter of 2008 helped bring the average Manhattan apartment price down
11% to $1,0502, 399. The data for the first quarter of 2008 were significantly inflated due to the many closings at 15 Central Park West and The Plaza.
The median price actually rose 6% over the past year to $907,500 as new developments accounted for a larger percentage of closings. Overall, 58% fewer transactions were recorded compared to the same period in 2008.

market reports: 3RD QUARTER 2007 MARKET REPORT - 10/05/07 09:59 AM
Manhattan sales prices continued upward. There was and still is a shortage of inventory for Manhattan sales and rentals. Buyers are purchasing apartments and quickly in Manhattan don't stay on the market for long. There are many qualified buyers who are either paying cash or who fully qualify for  mortgages with a great deal of post-closing assets.  
Manhattan real estate is at the top of its game! View Halstead Property LLC's 3rd Quarter 2007 Market Report Here!

market reports: 2nd Quarter 2007 Market Report - Manhattan - 07/07/07 10:03 AM
  The average sale price for Manhattan apartments set a new record in the second quarter, reaching $1,300,212.
This figure was 7% higher than a year ago. The median price also reached a new high, and at $840,000 was up 11% from the second quarter of 2006.
Demand for apartments has surged over the past few months, indicated in the 31% increase in the number of closed deals in the second quarter of 2007 from a year ago. At the same time, the supply of available apartments has fallen, which has led to sharp increases in prices.
At $1,132,726, the average sale price for … (1 comments)

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Ross Ellis

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