|"The stability of prices in the past few quarters has instilled confidence in a lot of people,..." said James M. Gricar, general sales manager at Halstead Property.|
T h e D a n i e l s R e p o r t - 2nd Quarter 2012
- Downtown Manhattan condos price per square foot increased over 13% from last year ($1,322 sq/ft) to this year ($1,504 sq/ft)
- Downtown Jersey City sales increased 22% compared to Q2 2011 and 61% since last quarter.
- Prices in Hoboken jumped 6% compared to last quarter and 9.5% compared one year ago.
- Q2 2012 had the highest level of unaided1 sales (3,650 sales in NYC & 875 sales in Hudson County) since the spring of 2008 (4,162 sales in NYC & 1,052 sales in Hudson County) which many consider the year after the peak of the market (see Q4 2011 Daniels Report).