Price cuts in Manhattan?? where??

By
Real Estate Agent with Town Residential

Manhattan neighborhoods with the most price cutsThese neighborhoods have seen the highest percentage of sellers cutting prices from quarter three to quarter four 2008:
Beekman - 50.6% of listings cut prices
Manhattan Valley - 45.7%
East Village - 43.1%
Central Park South - 41.9%
SoHo - 41.7%

Manhattan neighborhoods with the deepest price cutsThese neighborhoods have seen the most significant price cuts from quarter three to quarter four 2008:
Clinton - 10.93% average discount
Tribeca - 10.83%
Flatiron - 10.35%
Central Harlem - 8.58%
East Harlem 9.98%

 

 

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