Manhattan Monthly Market Report December 2011

Condominium Monthly Market Report

Although sales experienced a seasonal slowing in the Fourth Quarter, the value of Manhattan real estate continues to be stable.  Overall, the average price per square foot in Manhattan was off only 1% from last quarter and the year before, at $1,044. 

In the case of condominiums, limited inventory resulted in the highest pricing levels since late 2008.

  

Cooperative Monthly Market Report

  Cooperatives held steady, with mild decreases or unchanged metrics. 

 Download Complete Manhattan Fourth Quarter Market Report

No doubt you have been following the economic news closely over the last year.  If so, you have had your eyes on the real estate market as a key indicator for economic recovery.

The combination of shrinking inventory and stabile prices are hopeful signs for the value of real property as we enter the New Year.  

I will be tracking them all closely as 2012 unfolds, and would welcome the opportunity to answer any questions you may have about the report or the market generally.

Manhattan Market Reports