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CityRealty???s January 2018 market report includes all public records data available through December 31, 2017 for deeds recorded the prior month.
CityRealty's monthly rundown of the Manhattan residential real estate market.
While the average sales price of a Manhattan apartment rose in the four weeks leading up to December 1, the number of sales dropped sharply. The average price for an apartment—taking into account both condo and co-op sales—was $2 million, up from $1.9 million the prior month. The number of recorded sales, 809, represented a large drop from the 924 recorded the preceding month.
The average price of a condo was $2.6 million and the average price of a co-op was $1.4 million. There were 396 condo sales and 413 co-op sales.
30-Day Total Sales by Region Downtown was the highest-grossing region in Manhattan, with $348 million in condominium sales. Midtown was the second highest-grossing area, with $280 million in sales. Downtown also had the highest price/ft2, $1,893/ft2, while the Upper West Side had the second-highest, $1,811/ft2.

NEW DEVELOPMENTS VS ALL OTHER CONDOS:

New development condo prices averaged $2,064/ft2 this month, compared to $1,625/ft2 for non-new development condominium sales. The average price, $3.5 million, represented a decrease over the average last month, $4.1 million. There were 131 new development sales this month, virtually the same as the 124 recorded in the prior month. The price/ft2 of new apartments was 19% lower than it was a year ago, when it was $2,540/ft2, and down slightly from last month, when it was $2,086/ft2. The aggregate sales total of new developments was $455 million.
CODA’s amenities abound. Relax in the residents’ lounge adjacent to outdoor space, then venture up to the roof deck with spectacular views. View Property
Immediate Occupancy. 20-Year Tax Abatement. 1–4 Bedroom from $1.7M View Property
Waterfront fresh, amenity-rich, modern luxury studio, 1, 2 & 3 bedroom rentals View Property
The Olivia sets a new standard of no-fee rental living, seamlessly combining design & modern-day conveniences. Residences range from Studios to 2-Bedrooms, featuring condo-level finishes and iconic city views. View Property
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