nyc BLOG estate

nyc BLOG estate

NYC 2014 Residential Sales and Consideration

2014 was a strong year for the New York City residential sales market. The total number of sales in the City 
was the second highest since the end of the recession. The 44,766 sales recorded in 2014 was only second 
to 2013's sales total and well above the initial recovery years of 2010-2012 when annual home sales 
in the City were 41,034 ,37,034, and 39,381 respectively.

Total consideration for residential sales this year though was the highest since the end of the recession. 
2014's total of $37,896,000 narrowly eclipsed 2013's total of $37,257,000.

Figures comparing the sales and consideration performances of 2014 and 2013 are below.

When looking at sales volume in the boroughs, Manhattan, Brooklyn, and Queens all had sales 
just below last years levels, but 2014 sales in the Bronx and Staten Island actually surpassed the 
levels recorded in 2013.

Total residential sales consideration figures were higher in 2014 than in 2013 in every 
borough.  Brooklyn had the biggest increase in residential sales consideration of all the 
boroughs.  2014 consideration was 10% higher in Brooklyn when compared to 2013. 
Manhattan with 6% had the second highest increase of the boroughs in consideration in 
2014 when compared to 2013.

* Bronx Sales 2013-2,682; 2014-2,559     Staten Island Sales 2013-3,824; 2014-3,950

* Bronx Consideration 2013-$923m; 2014-$953m Staten Island Consideration 2013-$1,622m; 2014 - $1,631m

source:  REBNY

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