Upper West Side Market ReportResales
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
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.
Data from Corcoran Report 3Q-11NEW DEVELOPMENTS
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 atÂ The Laureate, The Apthorp, The Aldyn
and 535 West End Avenue.
Data from Corcoran Report 3Q-11
As always, I will continue to follow
closely sales activity and trends in Manhattan, and would welcome
the oportunity to answer any questions about this report, the market in
general or any questions about buying or selling real estate in Manhattan.
Corcoran Report/Property Shark