Q1-2014 Manhattan Co-op and Condo sales statistics!

title insurance, New York,New York City,Long Island,Michael HaltmanCourtesy of Douglas Elliman’s EllimanReport, the chart below presents Q1-2014 metrics for residential co-op and condo sales in the New York City borough of Manhattan!

Performance, when compared to Q1-2013, is extremely impressive and in fact so impressive that one might be moved to ask whether these gains are sustainable going forward.

In fact, year-over-year gains were so strong that the question could arise as to whether the real estate market is approaching the dreaded B-word of bubble-like conditions.

As an example the median price of property rose year-over-year by 18.5%, although that still places values 5% below the records set in 2008. At the same time the average sales price rose a whopping 30.9% to $1,773,523.

The average price per square foot set a 25-year record reaching the lofty level of $1,363 which was 23.6% above Q1-2013 levels.

Sustainable gains that will extend going forward? Only time will tell but for now it’s great news for sellers and makes for a challenging and competitive environment for those interested in buying!

Q1-2014 Manhattan, New York residential real estate statistics!

Manhattan real estate,NYC real estate statistics,co-op sales,condo sales



Please send your comments, questions, thoughts and ideas for new content to orders@hallmarkabstractllc.com!

Get new Hallmark Abstract Service articles directly into your in-box by clicking the Follow Tab in the bottom right-hand corner of any of our website pages!

Attorney’s and mortgage professional who have any questions about HAS or the way in which we conduct our business please contact HAS President Michael Haltman by phone at 516.741.4723 or by email at mhaltman@hallmarkabstractllc.com

For buyers of Residential or Commercial Real Estate in New York City or Long Island or for anyone refinancing and existing mortgage learn how you can  potentially save hundreds of dollars in closing costs with Hallmark Abstract Service! Click here to learn more.


Content created by Michael Haltman

3 thoughts on “Q1-2014 Manhattan Co-op and Condo sales statistics!

  1. Pingback: 432 Park Avenue, NYC: 92nd Floor PH priced at $79.5 million! (Floor Plan) | Hallmark Abstract LLC

  2. Pingback: Interactive map of median New York City apartment prices by neighborhood! | Hallmark Abstract LLC

Leave a Reply

Your email address will not be published. Required fields are marked *