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Tuesday, January 28, 2014

[Three Cents Worth NY #244] Manhattan’s Middle Market Shows Life

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

This week I thought I’d take a look at the breakdown of sales by price in the most recently completed quarter. Last year I was using a donut analogy to describe the Manhattan apartment market—weak in middle and strong on the outside (bottom/top). I wanted to illustrate how the mix in 2013 could be showing signs of change rather than continuing to see a disproportionate amount of activity on the margins. For reference I provided an inset in the form of a pie (sorry) chart to show a simple breakdown of the market in the second quarter of 2013…

[click to expand chart]

My latest Three Cents Worth column on Curbed: Manhattan’s Middle Market Shows Life [Curbed]

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