The average sales price in Manhattan fell in the four weeks leading up to November 1, but the number of recorded sales went up. The average sales price for all residential units, excluding townhouses was $1.65 million, down from $1.73 million in the prior month.
The number of recorded sales, 954, was up from the 922 recorded the preceding month.
Year-over-year, transaction volume is marginally down from the 999 closed during the same period of 2018. The sales price average is down from $1.8 million average in 2018.
There were $2.7B in condo sales in Manhattan over the last 3 months. The average PPSF in the approximately 90-day period was $1,729, down 3% from the same period in 2018. Sales volume is also down 6% compared to the same period last year. According to the table below which records all sales up until December 1, 2019, average prices of Midtown condos have surpassed Downtown, largely due to near-record priced transactions at 220 Central Park South.
In this article:
The number of residential sales was down in the four weeks leading up to November 1, and the aggregate sales total of $1.577 billion was down from $1.594 closed in the prior month. The building with the most aggregate sales recorded this month was 220 Central Park South, which saw $123 million in sales over 4 closings. The tony Midtown tower was followed by the Downtown new developments of 91 Leonard and One Manhattan Square.
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