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

Market Reports & Research

CityRealty's May 2018 market report includes all public records data available through April 30, 2018 for deeds recorded the prior month.

The Highlights:


  • For the first time in three months, the total number of sales in Manhattan rose in the four weeks leading up to April 1, as did the average price. The number of recorded sales, 807, was up substantially from the 688 recorded the preceding month. The average sales price for all units, including co-ops and condos, was $2.1 million, up from $1.9 million the prior month.


  • The average price of a condo was $2.8 million and the average price of a co-op was $1.5 million. There were 391 condo sales and 416 co-op sales.


  • The number of residential sales was up in the four weeks leading up to April 1, and the aggregate sales total, $1.7 billion, was also up from the $1.4 billion sold the prior month. The building with the most aggregate sales recorded this month was Citizen 360 at 360 East 89th Street, which saw $51 million in sales over 10 closings.


  • The number of new development sales was up slightly this month—105, as compared to 75 in the prior month. The average price, $3.6 million, was unchanged, and the average price/ft2 was down 1%. The aggregate sales total of new developments was $379 million.


  • The aggregate value of luxury contracts was an impressive $601 million, the highest it has been since CityRealty started tracking this number in May of 2017. 67 luxury contracts were signed, compared to last month's 68.

Most Expensive Sales:

432 Park Avenue, #94B
Trump International, #47B/C
One57, #63A
The most expensive sale this month was at 432 Park Avenue. Apartment 94B in the building sold for $32.4 million. The 3,977-square-foot unit has three bedrooms and four-and-a-half bathrooms.
The second most expensive sale was in Trump International, where a combination unit, 47B/C, sold for $25 million. The 4,078-square-foot unit has five bedrooms and five-and-a-half bathrooms.
The third biggest sale this month was in One57. The 4,483-square-foot unit 63A, which has three bedrooms and four-and-a-half bathrooms, sold for $23 million.
Glamorous Large 3 Bedrooms at 86th and Park View Property
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