Deanna Kory, Licensed Associate Real Estate Broker, The Corcoran Group
660 Madison Avenue, New York, NY 10065
Email: dek@corcoran.com
Phone: (212) 937-7011
Just Released: Monthly Market Snapshot
September 2016
Overall, year-over-year contract activity declined in both the condo and the co-op markets, but transactions occurred at higher average and median prices. In the condo market, average sale price remained essentially level with September 2016, but median price grew 8% compared with the same period. Versus last month, average price rose 42%, reflecting the seasonal dip in average price that typically occurs in the summer months. Annual increases in average and median price were seen in the co-op market, rising 13% and 3% respectively. Average price per square foot grew as well in both markets, with mixed levels of growth and decline among bedroom categories.
Days on market increased significantly in the condo market as listings spent 63% more time on the market this year than they did in September 2015; in contrast, days on market for co-ops decreased slightly year-over-year. Discounts were more prevalent in the condo market while they were less common in the co-op market.
Please do not hesitate to reach out if you have any questions about September Snapshot or the Manhattan market in general. I welcome the opportunity to be of assistance to you. If you're interested in a confidential evaluation of your property I would be happy to help. Please call me at 917-275-4714 or email at cawright@corcoran.com.
Regards,
Carlin
Recent News
Living Large:
63 East 82nd Townhouse
CBS.com
Not surprising, our townhouse listing on East 82nd Street, was featured on the CBS new segment, "Living Large" on Tuesday. Arguably, one of the most stunning homes on the Upper East Side, is down the street from the Metropolitan Museum of Art and offers over 9,000 square feet, 6 stories and 3 outdoor spaces. Deanna Kory and Louise Phillips-Forbes walks us through the house with host Emily Smith.
Click here to watch the video.
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