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Market Reports & Research

CityRealty's December 2017 market report includes all public records data available through November 30, 2017 for deeds recorded the prior month.
CityRealty's monthly rundown of the Manhattan residential real estate market.
The average sales price of a Manhattan apartment was virtually unchanged in the four weeks leading up to November 1, and the number of sales was also fairly static. The average price for an apartment - taking into account both condo and co-op sales - was $1.9 million, as it had been the prior month. The number of recorded sales, 924, represented a small drop from the 935 recorded in the preceding month.
The average price of a condo was $2.7 million and the average price of a co-op was $1.2 million. There were 410 condo sales and 514 co-op sales.
30-Day Total Sales by Region

Downtown was the highest-grossing region in Manhattan, with $353 million in condominium sales. Midtown was the second highest-grossing area, with $244 million in sales. Downtown also had the highest price/ft2, $2,148/ft2, while Midtown had the second-highest, $1,823/ft2.

NEW DEVELOPMENTS VS ALL OTHER CONDOS:

New development condo prices averaged $2,086/ft2 this month, compared to $1,634/ft2 for non-new development condominium sales. The average price, $4.1 million, represented an increase over the average last month, $3.6 million. There were 124 new development sales this month, virtually the same as the 127 recorded in the prior month. The price/ft2 of new apartments was 19% lower than it was a year ago, when it was $2,569/ft2, and down slightly from last month, when it was $2,095/ft2. The aggregate sales total of new developments was $507 million.
One to four bedroom condominium residences starting at $1.8 million View Property
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
Downtown, service-forward, modern luxury studio to 3-bedroom rentals View Property
Expansive NYC and Hudson River views with amazing amenities, nestled between Chelsea and Theater District View Property
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