[click to open report]
The Douglas Elliman Report: 2001-2010 Manhattan that contains 60 pages of co-op/condo sales over a 10-year window that I author for Prudential Douglas Elliman was just released.
Other reports we prepare can be found here.
The data tables and a series of charts are updated with the 2010 data.
Press coverage can be found here.
An excerpt
…The three metrics to measure housing prices showed mixed result s over 2009. Median sales price for 2010 was $880,000, 3.5% above $850,000 in 2009 and more than double the $430, 000 in 2001. The 2010 result was the second highest only to the 2008 median price of $955, 000, which was considered the peak of the Manhattan market. Average sales price followed the same pattern, rising 4. 6% to $1,457, 255 in 2010 from $1, 393,001 in 2009. Like the median sales price the result was second highest onl y to the 2008 peak of $1, 591,823. The key reason for the year ov er year increase in these metrics was due to the shift in the m ix towards larger apartment sales. The 2009 housing market could be referred to as the “ye ar of the first time buyer” as entry-level apartment sales were the first to gain traction after the onset of the cr edit crunch in late 2008. The av erage square footage of an apartment sale in 2010 was 1, 375 square feet compared to 1,298 sq uare feet in 2009…
Douglas Elliman Report: 2001-2010 Manhattan [Miller Samuel]
Manhattan co-op/condo sales chart gallery [Miller Samuel]
Manhattan Market Report custom data tables [Miller Samuel]
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