[click to open report]
The 2001-2010 Manhattan Townhouse Report 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
…There was an increase in sales in 2010 as purchases took advantage of lower prices compared to peak levels in 2008. Manhattan had a total of 197 sales in 2010, 32.2% more than 149 in 2009 and the same as the number of sales seen in 2001. This accounted for 1.9% of all residential sales including co-ops and condos in 2010. Listing inventory remained essentially unchanged at 397, slipping from 402 in 2009. Since newly constructed townhouses are not readily in demand, no new housing stock has been added to the market keeping supply in check. Days on market—the number of days between the last date the listing price was reduced, if ever, to the contract date—averaged 117 days, down from 142 in 2009. Listing discount—the percent difference between the last list price adjustment, if any, and the contract price— was down sharply to 8% from 15.3% in 2009. As a result of the increase in the number of sales and the stability of listing inventory, the monthly absorption rate—the number of months to sell all activity listings at the current pace of sales— was 24.2 months, down from 32.4 months in 2009…
2001-2010 Manhattan Townhouse Report [Miller Samuel]
Manhattan townhouse chart gallery [Miller Samuel]
Manhattan Townhouse Report custom data tables [Miller Samuel]
