Market Report
JANUARY 12, 2015 MONTHLY REPORT CITYREALTY MONTHLY MARKET REPORT Sales Summary 2-3 Historical Performance 4-7 Notable New Listings 8 This report is a monthly overview of the Co-op and Condo market in Manhattan. Closing data provided lags approximately four weeks from actual closing dates, balancing the timeliness of the Snapshot 9 report with the completeness of the data set for the period and the accuracy of our analysis. 1 CITYREALTY MONTHLY MARKET REPORT January 12, 2015 Summary Most Expensive Sales As 2014 wound to a close, Manhattan apartment prices continued to rise. The average sales price in November, $1.9 million, represented an increase of 6 percent over October’s $1.8 million average. AVERAGE SALES PRICE CONDOS AND CO-OPS $55.5M One57, #81 $1.9 Million 157 West 57th Street 4 Bed, 4.5 Bath The overall number of sales dipped month-to-month, with 843 closings in Approx 6,240 ft2 ($8,894 per ft2) November as compared to 1,076 in October. RESIDENTIAL SALES 843 $1.8B UNITS GROSS SALES The two most expensive condo sales of the month were in the new $34.0M development One57, the first tower on a stretch of West 57th Street that One57, #58A has been dubbed Billionaire’s Row. The most expensive sale was an 81st floor unit with four bedrooms that sold for $55.5 million, while the second- 157 West 57th Street most expensive was an apartment on the 58th floor that sold for $34 4 Bed, 4 Bath million. Approx 6,240 ft2 ($8,486 per ft2) October 30th- November 30th: 399 444 CONDOS SOLD CO-OPS SOLD $33.2M 2 AVG PRICE AVG PRICE/FT AVERAGE PRICE Walker Tower, #PH2 $2.7M $1,696 212 West 18th Street $1.2M 5 Bed, 5.5 Bath Approx 4,641 ft2 ($7,154 per ft2) *CityRealty's Manhattan area market comprises the area south of 125th street on the West Side, and south of 96th street on the East Side.
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