Manhattan 3rd Quarter 2009 Market Report

By
Real Estate Agent with Compass


"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.




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Rainer
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Douglas Fischer
East Oahu Realty - Selling Honolulu, Hawaii Condos - Honolulu, HI

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 02, 2009 07:40 AM #1
Rainmaker
597,761
Mitchell J Hall
Compass - Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

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

 

 

 

 

 

 

 

Oct 06, 2009 01:51 AM #2
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Rainmaker
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Mitchell J Hall

Lic Associate RE Broker - Manhattan & Brooklyn
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