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A blog from CityRealty (Links below will take you to the 6sqft site)

Market Insight

It may sound hard to believe now, but there was a time when New York City condo and co-op prices were relatively in sync. The amenity craze had yet to take hold in new condominiums, which didn't differentiate them much from cooperatives. Moreover, in a slightly more dangerous city, a full-time do...
Updated 5/11/2011 to include new lotteries in Hamilton Heights, Williamsburg, Bushwick, Flatbush, Astoria, and the Bronx. Under the de Blasio administration, New York City has rolled out several new affordable housing initiatives (for more details, see the mayor’s latest housing plan, Housing Ne...
Last year's COVID-19 lockdown halted apartment showings and in-person meetings, and impeded the homebuying process for weeks on end. Some real estate agents dependent on commissions found themselves in a cash flow crunch, not knowing when pending deals would close and unable to show new clients l...

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Bedrooms

Avg / Median

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Pricing based on the past 12 month sales
Buildings
 
For the fourth quarter of 2020, the average sale price of a Manhattan apartment fell 2% when compared to Q4 2019. The average sale price for all residential units, excluding townhouses came in at $1.907 million, down from $1.954 million in Q4 2019. The average price of a condo was $2.69 million (...
Libraries are not what they used to be. Rather than the solitude and quiet isolation stereotypically associated with them, the Brooklyn, Queens, and New York Public Library all report that they have become a place for communities and connection. This was especially evident during the coronavirus ...
In the first full week of May 2021, there were a total of 313 Manhattan sales with an aggregate price of $567,168,714 and median price of $1.09 million. The 150 condo closings came to a median price of $1.47M, or $1,437 per square foot. The 159 co-op closings came to a median price of $777K. The...
As of this writing, there are 12,692 publicly-listed rentals throughout core sections of New York, showing a moderate drop from last week's 12,954. Meanwhile, the Manhattan media rent climbed to $3,148/month in an uptick from last week's $3,106. (all figures per CityRealty listings). The numbe...
It may sound funny to have a tire company be the defining source for restaurant recommendations, but hear us out: Starting in 1900, the Michelin guide started as a free resource for motorists, offering advice on cars and places to stay on long drives. But as time passed, it started to recommend r...
The skyscrapers of New York City have created the world’s most iconic skyline, but the low-rise townhouses lining certain streets are not to be overlooked. A certain class of buyer has always appreciated the idea of having an entire building to themselves, and that often includes private outdoor ...
The number of Manhattan condos publicly listed for sale (resale and sponsor units) has steadily declined over the last six months, falling 20% from 4,671 units in early November 2020 to 3,760 condo listings today. Condo listing prices have increased over the same period, rising from a median of $...
The phrase "porte-cochere" comes from the French phrase "carriage porch," and throughout New York, several of the buildings that have these covered entrances or driveways date back to a prewar era when carriages were the main means of conveyance. Cars have long since displaced horses as the domin...
Between increasing vaccine availabilities and a full reopening in the works, life in New York City is looking more appealing and exciting every day, and the real estate market is rising to the occasion. The past year has left some eager for more space and privacy in exchange for fewer bells and w...
According to CityRealty listings, there are 907 public listings in Manhattan new development condos (defined here as buildings finished after 2016), coming to a median price of $3.317 million and $2,233 per square foot. This represents a 2% price drop from November 2020, when there were 937 new d...

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