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Friday, November 16, 2007

What's selling...The past 3 week's ending 11-2-07

BASED ON CONTRACTS SIGNED FOR WEEKS ENDING:
Oct 19th, 26th and Nov 2nd 2007:

Average Sales Price-$2.4Million
Median Sales Price-$1.4 Million
%Discount from Last Asking Price-6%
%Discount From Original Asking Price-9%
% Range Range of Sales: $350,000-$17.5Million
Transactions Sold ABOVE Asking Price-17%

Tansactions Sold AT Asking Price- 32%
Tansactions Sold BELOW Asking Price 51%

Ownership
Cooperatives- 63%
Condominiums- 33%
Townhouses- 4%

Total Days on Market to Contract Signed Average-164 Days
Active Listings in Manhattan Market Qty: 9,069 up from 8,729
(Coops: 31% Condos 69% )

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