[click to open report]
The renamed “The EllimanReport: Manhattan Sales 3Q 2011 was published today. It is part of a report series that we have authored for Prudential Douglas Elliman since 1994.
You can build your own custom data tables with the new data. I’m about to launch a site redesign and am rejiggering the way I handle charts (automatic) so I haven’t been very diligent in updating them on my site – sorry about that.
Here’s an excerpt from the report:
…Housing prices in Manhattan continue to remain stable. The median sales price of a Manhattan apartment was $911,333 in the third quarter, essentially unchanged from $914,000 in the prior year quarter and up 7.2% from $850,000 in the prior quarter. The other price indicators offset each other. Average sales price slipped 1.5% to $1,464,528 from $1,487,472 in the same period last year and edged above $1,455,098 from the prior quarter. Price per square foot increased 3.2% to $1,130 from $1,095 in the prior year quarter and increased 5.8% from $1,068 in the prior quarter…
Here’s a summary of the media coverage and a few of today’s headlines (in no particular order):
Flat Prices but More Manhattan Home Sales [New York Times]
‘Boring’ Sales Pace Is Solace for Manhattan Apartments [WSJ]
Manhattan Apartment Sales Gain as Economy Fuels ‘Bipolar’ Market [Bloomberg]
Manhattan home prices rise: Average pad costs $1.4 million [CNN/Money]
Manhattan Market Approaches a New Kind of Normal [Curbed NY]
No strong signs of condo, co-op weakness last quarter [Crain's NY]
Price is right for foreigners [NY Post]
Manhattan home sales market maintains status quo [The Real Deal]
Despite Financial Volatility, Tight Credit and Downgrade of U.S. Debt, Manhattan Fared Better Than Most U.S. Metros in 3Q [WPC]
Big Deals Buoy Manhattan Apartment Market [NY Daily News] not online
Other reports we prepare can be found here.
3Q 2011 Manhattan Market Report [Miller Samuel]
Manhattan custom data tables [Miller Samuel]
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