Jan 10, 2012

Manhattan Monthly Market Report December 2011


Condominium Monthly Market Report
Although sales experienced a seasonal slowing in the Fourth Quarter, the value of Manhattan real estate continues to be stable.  Overall, the average price per square foot in Manhattan was off only 1% from last quarter and the year before, at $1,044. 

In the case of condominiums, limited inventory resulted in the highest pricing levels since late 2008.
  

Cooperative Monthly Market Report

  Cooperatives held steady, with mild decreases or unchanged metrics. 


 Download Complete Manhattan Fourth Quarter Market Report

No doubt you have been following the economic news closely over the last year.  If so, you have had your eyes on the real estate market as a key indicator for economic recovery.

The combination of shrinking inventory and stabile prices are hopeful signs for the value of real property as we enter the New Year.  

I will be tracking them all closely as 2012 unfolds, and would welcome the opportunity to answer any questions you may have about the report or the market generally.


 
   Reactions:

comments

0 Responses to " Manhattan Monthly Market Report December 2011 "

Post a Comment

All related comments are welcome. Spam will be deleted.

 
HOME

This blog site is designed and published as a consumer service by local real estate broker to help Manhattan, New York City buyers, sellers and renters make informed real estate decisions. This site and its feeds are owned and operated by Mitchell J Hall, a NY State licensed real estate associate broker associated with The Corcoran Group and member of the Real Estate Board of New York.

Legal Disclaimer - The opinions expressed here are those of the authors and do not neccessarily reflect the opinions or policy of The Corcoran Group. This site is not the official website of The Corcoran Group or its affiliated companies, and neither The Corcoran Group nor its affiliated companies in any way warrant the accuracy of any information contained herein. Any product and/or services offered for sale on this website shall not be considered an offer to sell such goods and/or services in any state other than New York.

Legal Disclaimer - Information on this site is not intended as legal or financial advice. - All material herein is intended for information purposes only and has been complied from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. I operate a business that supports Fair Housing.“We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program which there are no barriers to obtain housing because of race, color, religion, sex, handicap, familiar status or national origin.”

© Copyright 2006 -2014 © nycBLOGestate.com © BlogEstate.nyc Al l Rights Reserved