Trends July 2011
New York Summary
Average price per square foot for New York NY was $1,197, an increase of 7.4% compared to the same period last year. The median sales price for homes in New York NY for Apr 11 to Jun 11 was $1,075,000 based on 1,413 home sales. Compared to the same period one year ago, the median home sales price increased 3.5%, or $36,000, and the number of home sales increased 11.4%.
The average listing price for homes for sale in New York NY was $1,930,722 for the week ending Jul 27, which represents a decrease of 0.8%, or $15,689, compared to the prior week. Popular neighborhoods in New York include Upper East Side and Upper West Side, with average listing prices of $2,691,021 and $2,306,593.
Hamilton Heights Summary
The median sales price for homes in Hamilton Heights, New York for Apr 11 to Jun 11 was $662,875 based on 4 sales. Compared to the same period one year ago, the median sales price increased 105.7%, or $340,635, and the number of sales decreased 20%. Average price per square foot for Hamilton Heights was $331, a decrease of 23.4% compared to the same period last year.
The average listing price for homes for sale in Hamilton Heights was $787,936 for the week ending Jul 27, which represents an increase of 2.2%, or $17,193, compared to the prior week. SoHo Summary
The median sales price for homes in SoHo, New York for Apr 11 to Jun 11 was $2,840,000 based on 30 sales. Compared to the same period one year ago, the median sales price increased 15.3%, or $377,500, and the number of sales increased 0%. Average price per square foot for SoHo was $1,471, an increase of 5.4% compared to the same period last year.
The average listing price for homes for sale in SoHo was $3,502,673 for the week ending Jul 27, which represents a decrease of 1.5%, or $54,811, compared to the prior week.
Financial District Summary
The median sales price for homes in Financial District, New York for Apr 11 to Jun 11 was $785,626 based on 140 sales. Compared to the same period one year ago, the median sales price increased 11.1%, or $78,626, and the number of sales increased 21.7%. Average price per square foot for Financial District was $907, an increase of 5.7% compared to the same period last year.
The average listing price for homes for sale in Financial District was $1,212,583 for the week ending Jul 27, which represents an increase of 1%, or $12,147, compared to the prior week.
Source Trulia.com
Market Pulse March 2010 (Source REBNY)
Townhouses in all Manhattan
All Manhattan
Single Family
Multi Family
Average Listed Price
$1,288,414
$7,181,209
$3,357,700
Median Listed Price
$893,750
$5,900,000
$2,997,000
Number of Properties Sold
570
8
10
Listings Taken Off Market
885
35
34
New Listings
1303
13
16
Contracts Signed
1003
11
6
Listing Inventory
10071
845
1012
Average Price per SF
$1,042
$1,396
$713
Listings with Price Drops
1114
15
20
Condominiums in all Manhattan
Studio
Alcove Studio
1 Bedroom
2 Bedrooms
3 Bedrooms
4+ Bedrooms
$448,705
$458,967
$739,935
$1,448,684
$2,933,535
$6,861,170
$408,500
$445,000
$677,000
$1,297,000
$2,583,750
$5,495,000
46
36
221
158
88
95
40
279
260
117
59
142
72
486
404
151
48
85
73
382
307
115
41
907
597
3604
3093
1293
554
$888
$832
$907
$1,099
$1,455
$1,963
112
93
436
292
132
49
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