2015 Manhattan Townhouse Report
Among it's Findings:
- The number of townhouses sold fell by 12% versus 2014
- The value in townhouses continued to rise-up 11% over 2014 to $1,730/sf
- For the first time in 2015, more than half of the townhouses sold traded over $5MM
- The disparity in value per square foot between townhouse and apartments has led to significant interest in the investment potential of townhouses.
- Thanks to their relative affordability and renovation potential, more e.
- This dynamic fueled the 35% annual gain in median price as well as the 27% increase in average price.
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