What you need to know now about...

.

Monday, November 5, 2007

What's selling?

Averages...BASED ON CONTRACTS SIGNED FOR:

October 2007

Average Sales Price-$1.4Million
Median Sales Price-$985k

%Discount from Last Asking Price-2.80%
%Discount From Original Asking Price-4.30%

Range
Range of Sales:
$350,000-$7.5Million

Transactions Sold ABOVE Asking Price-9%
Tansactions Sold AT Asking Price- 22%
Tansactions Sold BELOW Asking Price 69%

Ownership
Cooperatives- 56%
Condominiums- 40%
Townhouses- 4%

Total Days on Market to Contract Signed
Average-167 Days

Active Listings in Manhattan Market
Qty: 8,729


(Coops: 34% Condos 66% )




No comments: