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our 2007 manhattan market report, prepared by miller samuel... appraiser and consultant... is based on closed sales. It shows (page 57) the 2007 avg price per sq ft for 1 Bedroom co-ops & condos combind at $695 and $541 for 2 Bedroom. This anomoly is caused by the increase in new development construction in that area, which had a focus studio and 1-bedroom. Consistent with most markets the avg price per square foot was historically higher for 2 Bedroom homes, 2004 1BR @ $98 2BR @ $304. We also prepare a quarterly overview. The number for the Uptown Market as a whole, Q2 2008 Co-op @ just under $700 per sq ft. and just over $800 per sq ft for condos. feel free to visit our website for additional information and feel free to email me.
Tue Jul 22 2008, 06:09