First Quarter 2015 Manhattan Market Report

By
Real Estate Agent with Compass

I am delighted to share with you our newly-redesigned Q1 Manhattan Report.  Inside you will find a detailed analysis of residential real estate sales that closed in Manhattan in Q1 2015 (January 1stthrough March 31st).

 

Key Findings of the First Quarter Report:

 

·         Robust sales. The pace of sales continues to be brisk. More properties closed in the First Quarter this year than in the prior quarter or in the same quarter one year ago.

·         Higher prices. Significant price appreciation, especially in the condominium market, drove most price metrics higher year-over-year. The average price per square foot in Manhattan is now $1602.

·         Skewed inventory. There is very short supply in the co-op market and in small-scale units. 95% of all home purchases in Manhattan take place below $5M, but nearly 20% of all actively listed properties exceed that price.

 

West Side Manhattan

 

East Side manhattan

 

Downtown Manhattan

 

Midtown Manhattan

 Upper Manhattan

 

New Developments Luxury Market Manhattan

Please do not hesitate to reach out if you have any questions about The First Quarter Manhattan Market Report or the Manhattan market in general. I welcome the opportunity to be of assistance to you.

 

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All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission. 

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Ambassador
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Thanks for sharing the facts about the Manhattan NYC marketplace Mitchell J Hall. Our markets are so much different. Amazing!

Apr 02, 2015 04:57 AM #1
Rainmaker
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Captain Wayne - Rowlett Real Estate School
REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida - Panama City Beach, FL
Rowlett Real Estate School / Owner and Instructor

Thanks for the Market report of what’s happening in your area. I appreciate how these reports help me stay on top of other markets. 

May 06, 2015 11:34 AM #2
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Mitchell J Hall

Lic Associate RE Broker - Manhattan & Brooklyn
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