Resale co-op pricing on the West Side decreased from both Second Quarter 2011 and Third Quarter 2010. Median price dipped 4% from last quarter and 9% from a year ago while average price dropped 5% from last quarter and a year ago.
Three-plus bedroom co-ops, however, increased 11% in median price from last quarter. Resale condos, on the other hand, increased 11% in median price and 7% in average price per square foot versus Second Quarter 2011.
Compared to a year ago, condo median price dipped 4% as fewer two- and three-plus bedroom residences traded but average price per square foot was 2% higher.
West side new development pricing saw big jumps in median price and average price per square foot over both time periods.
Median price rose 43% from last year and 44% from last quarter as a large number of $5 million- plus transactions were recorded.
Average price per square foot increased 15% from last year and 14% from last quarter. These sales were primarily at The Laureate, The Apthorp, The Aldyn and 535 West End Avenue.