Erin, Renter in Austin, TX

What is the average DoM for a 3-3 condo in new york city? Something comparable to a $2 million price range.

Asked by Erin, Austin, TX Mon Nov 8, 2010

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The answer to this would be it depends where in New York City. Are you talking about all 5 boroughs which are vastly different? If you are talking about Manhattan, which is what people from outside New York usually mean when they say New York City, even here it depends upon the neighborhood. I'm sure you've heard the phrase on the National Association of Realtors commercials "real estate is local." The neighborhoods of Manhattan vary vastly and properties in different areas move at different rates. Our data is always broken down by neighborhood, e.g. Upper West Side, Chelsea, Village, Upper East Side, etc. You will find $2MM properties in all Manhattan neighborhoods.
0 votes Thank Flag Link Tue Nov 30, 2010
Keep in mind that average days on the market does vary by location, price (is it priced on target, or not) size, etc.; If looking to buy, consider working with an agent of your own, he/she can provide you specific area(s) of interest information, schedule showings. let you know about available units, new to the market units, sold units, under contract, etc.
0 votes Thank Flag Link Tue Nov 9, 2010
That is a trick question. If the apartment is priced in accordance with the market you should receive offers almost immediately. If buyers are viewing the apartment and no offers........the buyers feel that they can get more for their money elsewhere, than what your apartment offers. When are apartment sits on the market it is usually not priced appropriately.

A real estate professional should prepare a comprable market analysis for you. This will allow you see what is currently on the market, recently sold and in contract within the past 30 - 90 days or so. This is a great tool for getting an apartment sold without wasting time and money.

I welcome the opportunity to further discuss your situtation and I am open prepare a comprable market analyis for you, if need be.

Good Luck!!

Cindy Weathers
Bond New York Properties LLC
0 votes Thank Flag Link Tue Nov 9, 2010
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