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monthly market snapshots
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CONDO MARKET - Signed contracts relatively unchanged to 306 from 307 last month and down 10% year-over-year from 339 in September last year
- Inventory up 5% year-over-year to 4080 units from 3886 units in September last year and up 12% from 3628 last month
- Average price per square foot down 8% year-over-year to $1773 from $1924 in September 2017 and up 3% from $1718 last month
- Average sale price down 11% to $2,102,718 from $2,370,330 in September 2017 and up 2% from $2,055,499 last month
- Days on market up year-over-year to 151 days this month vs 135 days in September 2017 and up from 140 days last month
CO-OP MARKET - Signed contracts down 23% to 376 from 488 last month and down 10% year-over-year from 417 in September last year
- Inventory up 23% year-over-year to 3797 units from 3081 units in September 2017 and up 27% from 3000 units last month
- Average sale price down 6% to $1,190,030 from $1,262,838 in September 2017 and down 11% from $1,340,426 last month
- Days on market down year-over-year to 88 days this month vs 97 days in September 2017 and down from 101 days last month
- Combined coop and condo market showed signed contracts down 29% to 196 from 277 last month and down 38% year-over-year from 318 in September 2017
- New Listed Apartment Inventory up 9% year-over-year to 881 from 805 in September last year and up 48%* from 594 apartments last month
(*attributed to several new developments that came on the market - Average price per square foot up 2% year-over-year to $833 from $820 in September 2017 and down 4% from $871 last month
- Days on market up year-over-year to 90 days this month from 55 days September 2017 and down from 107 days last month
Statistics vary from neighborhood to neighborhood. For specific market information regarding a particular neighborhood, please contact me. Thinking of buying, selling or investing? Check out Brokerage & Beyond to see what we can do for you.
Please contact me for all of your real estate needs. All my best, Joy Multi-Million Dollar Club 2017 |
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Real estate agents affiliated with The Corcoran Group are independent contractor sales associates and are not employees of The Corcoran Group. The Corcoran Group is a licensed real estate broker located at 660 Madison Avenue, New York, NY 10065. All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. This is not intended to solicit property already listed. Equal Housing Opportunity. All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer. ©2018 The Corcoran Group. All Rights Reserved.
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