The Elliman Report: 2010-2019 Decade Manhattan Townhouse
2010-2019 MANHATTAN TOWNHOUSE REPORT Decade Survey of Townhouse Sales
Manhattan Townhouse Market Matrix 2019 %∆ (yr) 2018 %∆ (decade) 2010 Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSE Number of Sales TOWNHOUSE Average Sales Price $6,457,819 -8.2% $7,035,815 18.0% $5,473,894 $2,000 350 Average Price Per Sq Ft $1,363 -7.1% $1,467 20.7% $1,129 $1,700 300 Median Sales Price $4,800,000 -7.8% $5,206,250 24.7% $3,850,000 DASHBOARD $1,400 250 year-over-year Number of Sales 196 -15.5% 232 -0.5% 197 $1,100 200 Days on Market (From Last List Date) 140 -8.5% 153 17.6% 119 $800 150 Listing Discount (From Last List Price) 10.7% 9.8% 8.3% PRICES $500 100 Median Sales Price 7.8% Listing Inventory10 11 12 13 14367 -1.9%15 16 37417 18-7.6% 19 397 Months of Supply 22.5 16.6% 19.3 -7.0% 24.2 Average Square Feet (Closed) 4,736 -2.6% 4,863 -2.3% 4,848 SALES Days on Market MANHATTAN TOWNHOUSE Listing Discount Closed Sales 15.5% 180 Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSE Number of Sales 13% 160$2,000 11%350 INVENTORY 140$1,700 9%300 Total Inventory 1.9% 120$1,400 7%250 100$1,100 5%200 150 PACE 80$800 10 11 12 13 14 15 16 17 18 19 3% Months of Supply mos $500Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSE Number of Sales 100 3.2 10 11 12 13 14 15 16 17 18 19 $2,000 350 $1,700Listing Inventory MANHATTAN TOWNHOUSE Absorption Rate (Mos) 300 550 30 MARKETING TIME $1,400Days on Market MANHATTAN TOWNHOUSE Listing Discount 250 Days on Market 13 days 500 25 180$1,100 13%200 450 20 160$800 11%150 400 15 NEGOTIABILITY 140$500 100 10 11 12 13 14 15 16 17 18 19 9% Listing Discount 0.9% 350 10 120 7% 300 10 11 12 13 14 15 16 17 18 19 5 • The lowest number of sales in a 100 5% decade as the pace of the market 80 Days10 on Market11 12 MANHATT13 14AN TOWNHOUSE15 16 17 Listing18 Discount19 3% continued to slow 180 13% Avg Price Per Sq. Ft. EAST SIDE TOWNHOUSE Number of Sales Days on Market EAST SIDE TOWNHOUSE Listing Discount • All price trend indicators fell year 160 11% $2,500 100 250 20% over year, not skewed by the Listing Inventory MANHATTAN TOWNHOUSE Absorption Rate (Mos) modest decline in sales size 140 9% $2,300550 3080 200 16% 120 7% • Listing inventory fell annually for $2,100500 2560 150 12% the third time in four years as older 100 5% 450 supply was pulled from the market $1,900 2040 100 8% 80 10 11 12 13 14 15 16 17 18 19 3% 400 15 $1,700 20 50 4% The350 number of townhouse sales fell 15.5% to 196 from the prior year. Total supply has decreased10 by The Douglas Elliman Report series is recognized $1,500 0 0% from last year10 to their11 lowest12 level since13 2010.14 22.6%15 since 162015, as17 older listings18 have19 steadily0 10 11 12 13 14 15 16 17 18 19 as the industry standard for providing the state 300 5 As a result,Listing10 the Inventory market11 share12 of MANHATTall13 residential14AN TOWNHOUSEbeen15 removed16 fromAbsorption17 the market.18 Rate Despite (Mos)19 the decline of the residential real estate market. The report sales,550 including co-ops and condos, fell to 1.9%, in listing inventory, the pace of the market30 was at includes an extensive suite of tools to help readers the500 lowest level reached since 2010. Townhouses the slowest rate since 2011. The months of 25supply, objectively identify and measure market trends, are consideredAvg Price a Perluxury Sq. submarketFt. WEST and market SIDE TOWNHOUSEthe number of months toNumber sell all listing of Sales inventory at Days on Market WEST SIDE TOWNHOUSE Listing Discount provide historical context to current information 450 Avg Price Per Sq. Ft. EAST SIDE TOWNHOUSE Number of Sales 20 Days on Market EAST SIDE TOWNHOUSE Listing Discount conditions$2,200 have been softening over the past the current rate of sales was 22.5 months, 16.6%50 250 20% and provide comprehensive analysis of the results. several$2,500 years, much like the luxury apartment slower than 19.3 months in 2018. 100 250 20% $1,900400 15 16% market. Listing inventory slipped by 1.9% to 367 40 200 $2,300350 10 80 200 16% $1,600 30 150 12% 60 $2,100300 10 11 12 13 14 15 16 17 18 19 5 150 12% PREPARED BY MILLER SAMUEL REAL ESTATE $1,300 20 100 8% Appraisers & Consultants $1,900 40 100 8% $1,000 10 50 4% $1,700 20 50 4% $700Avg Price10 Per 11Sq. Ft. 12 EAST13 SIDE14 TOWNHOUSE15 16 17Number18 of Sales19 0 0 Days10 on Market11 12 EAST13 SIDE14 TOWNHOUSE15 16 17 Listing18 Discount19 0% $1,500 10 11 12 13 14 15 16 17 18 19 0 10 11 12 13 14 15 16 17 18 19 0% $2,500 1000 250 20%
$2,300 80 200 16%
$2,100Avg Price Per Sq. Ft. DOWNTOWNWEST SIDE TOWNHOUSETOWNHOUSE Number of Sales 60 150 Days on Market DOWNTOWNWEST SIDE TOWNHOUSETOWNHOUSE Listing Discount 12% $3,000 120 250 $1,900$2,200 4050 100250 8%20%15% $2,600 96 200 12% $1,700$1,900 2040 20050 4%16% $2,200 $1,500$1,600 7230 1500 0%12%9% 10 11 12 13 14 15 16 17 18 19 0 10 11 12 13 14 15 16 17 18 19 $1,800$1,300 4820 100 8%6%
$1,400$1,000 2410 50 4%3% $1,000Avg Price Per Sq. Ft. WEST SIDE TOWNHOUSE Number of Sales 0 0 Days on Market WEST SIDE TOWNHOUSE Listing Discount 0% $700 1010 1111 1212 1313 1414 1515 1616 1717 1818 1919 0 0 10 11 12 13 1414 1515 1616 1717 1818 1919 0% $2,200 50 250 20%
$1,900 40 200 16% $1,600 30 150 12% Avg Price Per Sq. Ft. NORDOWNTOWNTHERN MANH ATTATOWNHOUSEN TOWNHOUSE Number of Sales Days on Market NORDOWNTOWNTHERN MANH ATTATOWNHOUSEN TOWNHOUSE Listing Discount $1,300 20 100 8% $1,000$3,000 120200 250250 20%15% $1,000 10 50 4% $2,600$800 16096 200200 16%12% $700 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% $2,200$600 12072 150150 12%9%
$1,800$400 4880 100100 8%6%
$1,400$200 2440 5050 4%3% Avg Price Per Sq. Ft. DOWNTOWN TOWNHOUSE Number of Sales Days on Market DOWNTOWN TOWNHOUSE Listing Discount 0 $1,000$0 10 11 12 13 14 15 16 17 18 19 0 00 1010 1111 1212 1313 1414 1515 1616 1717 1818 1919 0%0% $3,000 120 250 15%
$2,600 96 200 12%
$2,200 72 150 9% Avg Price Per Sq. Ft. NORTHERN MANHATTAN TOWNHOUSE Number of Sales Days on Market NORTHERN MANHATTAN TOWNHOUSE Listing Discount $1,800Avg Price Per Sq. Ft. LUXURY MARKET Number of Sales 48 100Median Sales Price MULTIFAMILY MARKET 1 Family 2 Family 3-5 Family6% $1,000 200 250 20% 4,000 50 $10,000,000 $1,400 24 50 3% 160 200 16% 3,500$800 40 $8,000,000 $1,000 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% $600 120 150 12% 3,000 30 $6,000,000 80 100 8% 2,500$400 20 $4,000,000 40 2,000$200 10 $2,000,00050 4% Avg Price Per Sq. Ft. NORTHERN MANHATTAN TOWNHOUSE Number of Sales Days on Market NORTHERN MANHATTAN TOWNHOUSE Listing Discount 0 0 10$0 11 12 13 14 15 16 17 18 19 0% $1,0001,500$0 10 11 12 13 14 15 16 17 18 19 2000 250 10 11 12 13 14 15 16 17 18 20%19
$800 160 200 16% $600 120 150 12%
$400 Avg Price Per Sq. Ft. LUXURY MARKET Number of Sales 80 100Median Sales Price MULTIFAMILY MARKET 1 Family 2 Family 3-5 Family8% 4,000 50 $10,000,000 $200 40 50 4% 3,500 Northern 40 $8,000,000 $0 10 11 12 13 14 15Downtown16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% Manhattan 31.6% 3-5 Family 1-Family 3,000 35.7% 30 $6,000,000 30.6% 39.3%
2,500 West Side 20 $4,000,000 9.7% East Side 2-Family 2,000 23.0% 10 $2,000,000 29.6% Avg Price Per Sq. Ft. LUXURY MARKET Number of Sales Median Sales Price MULTIFAMILY MARKET 1 Family 2 Family 3-5 Family 1,500 10 11 12 13 14 15 16 17 18 19 0 $0 4,000 50 $10,000,000 10 11 12 13 14 15 16 17 18 19
3,500 40 $8,000,000
3,000 30 $6,000,000
2,500 20 $4,000,000
2,000 10 $2,000,000 Northern 1,500 10 11 12 13 14 15Downtown16 17 18 19 0 $0 Manhattan 31.6% 10 3-5 Family11 1-Family12 13 14 15 16 17 18 19 35.7% 30.6% 39.3%
West Side 9.7% East Side 2-Family 23.0% 29.6%
Northern Downtown Manhattan 31.6% 3-5 Family 1-Family 35.7% 30.6% 39.3%
West Side 9.7% East Side 2-Family 23.0% 29.6% Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSE Number of Sales $2,000 350 $1,700 300 $1,400 250 $1,100 200 $800 150 $500 100 10 11 12 13 14 15 16 17 18 19
Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSE Number of Sales $2,000 350 Days on Market MANHATTAN TOWNHOUSE Listing Discount $1,700 300 180 13% $1,400 250 160 11% $1,100 200 140 9% $800 150 120 7% $500 100 100 5% 10 11 12 13 14 15 16 17 18 19 80 10 11 12 13 14 15 16 17 18 19 3%
Days on Market MANHATTAN TOWNHOUSE Listing Discount Listing Inventory MANHATTAN TOWNHOUSE Absorption Rate (Mos) 180 13% 550 30 160 11% 500 25 140 9% 450 20 120 7% 400 15 100 5% 350 10 80 10 11 12 13 14 15 16 17 18 19 3% 300 10 11 12 13 14 15 16 17 18 19 5
Listing Inventory MANHATTAN TOWNHOUSE Absorption Rate (Mos) 550 30 Avg Price Per Sq. Ft. EAST SIDE TOWNHOUSE Number of Sales Days on Market EAST SIDE TOWNHOUSE Listing Discount $2,500 100 250 500 25 20% 450 20 $2,300 80 200 16% 400 15 $2,100 60 150 12%
350 10 $1,900 40 100 8% 300 10 11 12 13 14 15 16 17 18 19 5 $1,700 20 50 4% $1,500 0 0% 10 11 12 13 14 15 16 17 18 19 0 10 11 12 13 14 15 16 17 18 19
Avg Price Per Sq. Ft. EAST SIDE TOWNHOUSE Number of Sales Days on Market EAST SIDE TOWNHOUSE Listing Discount $2,500 100 250 20% Avg Price Per Sq. Ft. WEST SIDE TOWNHOUSE Number of Sales Days on Market WEST SIDE TOWNHOUSE Listing Discount $2,300 The Elliman Report80 • Decade200 Survey of Manhattan Townhouse Sales 16% 2010-2019 $2,200 50 250 20% $2,100 60 $1,900150 12% 16% Downtown Townhouse Market Matrix 2019 %∆ (yr) 2018 %∆ (decade) 201040 200 $1,900 DOWNTOWN 40 100 Average$1,600 Sales Price $7,637,254 -18.3% $9,349,041 44.9% $5,271,7508%30 150 12% 4% $1,700 20 Average$1,30050 Price Per Sq Ft $1,638 -10.5% $1,831 22.7% $1,33520 100 8% • The number of sales declined to Median0 Sales Price $6,775,000 -14.2% $7,900,000 69.4% $4,000,000 $1,500 10 11 12 13 14 15 16 17 18 19 $1,000 10 11 12 13 14 15 16 17 18 19 0%10 50 4% their lowest level since 2010 0 Number of Sales 62 -21.5% 79 12.7% 55 • All price trend indicators declined Days$700 on Market10 (From11 Last 12List Date)13 14181 1523.1% 16 14717 57.4%18 19 1150 0 10 11 12 13 14 15 16 17 18 19 0% year over year, driven lower by the ListingAvg Discount Price Per (From Sq. Last Ft. List Price) 9.5% 6.1%Number of Sales 13.7% Avg Price Per Sq. Ft. WEST SIDE TOWNHOUSEdecline in salesNumber size of Sales Days on Market MANHATTWEST SIDEAN TOWNHOUSE TOWNHOUSE Listing Discount Average Square Feet (Closed) 4,664 -9.9% 5,177 18.1% 3,949 $2,000 350 $2,200 • Negotiability and marketing time50 250 20% expanded as older inventory was $1,700Avg Price Per Sq. Ft. DOWNTOWN TOWNHOUSE Number of Sales 300 Days on Market DOWNTOWN TOWNHOUSE Listing Discount $1,900 40 200 16% cleared from the market $3,000$1,400 250120 250 15% $1,600 30 150 12% • Listing inventory grew, along with $2,600$1,100 20096 200 12% $1,300 20 100 8% the decrease in sales, slowed the 150 $2,200$800 72 150 9% $1,000 pace of the market 10 50 4% $500 100 • The share of sales slipped 2.5% $1,800 10 11 12 13 14 15 16 17 18 19 48 100 6% $700 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% year over year to 31.6% $1,400 24 50 3% Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSE Number of Sales $1,000 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% $2,000 350 Days on Market MANHATTAN TOWNHOUSE Listing Discount Amenities Average $1,700Avg Price Per Sq. Ft. DOWNTOWN TOWNHOUSE Number of Sales 300 180 Days on Market DOWNTOWN TOWNHOUSE Listing Discount 13% Square Feet 4,664 $3,000$1,400 250120 160250 11%15% Width (Ft) 21.7 $1,100 200 $2,600 Elevator % 0.0% 96 140200 Avg Price Per Sq. Ft. NORTHERN MANHATTAN TOWNHOUSE Number of Sales 9%12% Days on Market NORTHERN MANHATTAN TOWNHOUSE Listing Discount $800 150 $1,000120 200 250 20% $2,200 Rooms 11.0 72 150 7%9% $500 Bedrooms 4.7 100 100$800 5%160 200 16% $1,800 10 11 12 13 14 15 16 17 18 19 48 100 6% Bathrooms 4.3 $60080 10 11 12 13 14 15 16 17 18 19 3%120 150 12% $1,400 24 50 3% Stories 3.9 $400 80 100 8% $1,000 10 11 12 13 14 Boundaries:15 North –16 West 34th Street 17and East 42nd Street,18 South – Battery19 Park, 0 0 10 11 12 13 14 15 16 17 18 19 0% Days on Market MANHATTAN TOWNHOUSEEast – East River, West – Hudson River Listing Discount $200 40 50 4% 180 13% Listing Inventory MANHATTAN TOWNHOUSE Absorption Rate (Mos) 550$0 10 11 12 13 14 15 16 17 18 19 30 0 0 10 11 12 13 14 15 16 17 18 19 0% 160 EAST SIDE 11% East Side Townhouse Market Matrix 2019 %∆ (yr) 2018 %∆ (decade) 2010 Average500 Sales Price $11,425,419 8.6% $10,522,137 22.1% $9,356,68125 140 Avg Price Per Sq. Ft. NORTHERN MANHATTAN TOWNHOUSE Number of Sales 9% Days on Market NORTHERN MANHATTAN TOWNHOUSE Listing Discount Average450 Price Per Sq Ft $1,827 -5.4% $1,931 5.2% $1,73720 $1,000120 7%200 250 20% • Overall price trend indicators Median400 Sales Price $9,200,000 23.9% $7,425,000 33.8% $6,875,00015 100 5% 16% $800 showed mixed results year over 160year 200 Avg Price Per Sq. Ft. Number of Sales Median Sales Price MULTIFAMILY MARKET Number350 of Sales LUXURY MARKET45 -4.3% 47 -25.0% 10 60 1 Family 2 Family 3-5 Family 80 $600 10 11 12 13 14 15 • Listing16 inventory17 18declined19 3%120 Days4,000150 on Market (From Last List Date) 118 -8.5% 129 4.4% 12%50113 $10,000,000 300 10 11 12 13 14 15 16 17 18 19 5 $400 faster than the number of sales, 80 Listing3,500100 Discount (From Last List Price) 11.0% 13.6% 8%7.0%40 $8,000,000 year over year Average Square Feet (Closed) 6,255 12.0% 5,587 16.1% 5,387 $200 40 3,00050 4%30 $6,000,000 Listing Inventory MANHATTAN TOWNHOUSE• MarketingAbsorption time was Rate faster (Mos) with 20 $4,000,000 550$0 10 11 12 13 14 15 less 16negotiability17 than18 last 19year30 0 2,5000 Avg10 Price Per11 Sq. Ft.12 EAST13 SIDE14 TOWNHOUSE15 16 17 Number18 of Sales19 0% Days on Market EAST SIDE TOWNHOUSE Listing Discount $2,500 100 250 500 • The average sales size expanded,25 2,000 10 $2,000,000 20% skewing some price trend indicators $2,300 80 200 16% 450 20 1,500 0 $0 higher 10 11 12 13 14 15 16 17 18 19 10 11 12 13 14 15 16 17 18 19 400 15 $2,100 60 150 12% Avg Price Per Sq. Ft. LUXURY MARKET• The share of salesNumber edged of Sales 2.7% Median Sales Price MULTIFAMILY MARKET 1 Family 2 Family 3-5 Family 350 10 $1,900 40 100 8% 4,000 higher year over year to 23% 50 $10,000,000 300 10 11 12 13 14 15 16 17 18 19 5 $1,700 20 50 4% 3,500 40 $8,000,000 $1,500 10 11 12 13 14 15 16 17 18 19 0 10 11 12 13 14 15 16 17 18 19 0% 3,000 Amenities Average 30 $6,000,000 0
2,500Avg Price Per Sq. Ft. EAST SIDE TOWNHOUSESquare Feet Number of6,255 Sales 20 $4,000,000Days on Market EAST SIDENorthern TOWNHOUSE Downtown Listing Discount Manhattan 31.6% 3-5 Family 1-Family $2,500 Width (Ft) 20.1 100 250 35.7% 20% 30.6% 39.3% 2,000 10 $2,000,000Avg Price Per Sq. Ft. WEST SIDE TOWNHOUSE Number of Sales Days on Market WEST SIDE TOWNHOUSE Listing Discount Elevator % 40.0% $2,300 80 200 West Side 16% 1,500 10 11 12 13 14 15 16 17 18 19 0 $2,200 $0 50 20% Rooms 14.5 10 11 12 13 9.7%14East Side15 16 17 18 19 250 2-Family $2,100 60 150 23.0% 12% 29.6% Bedrooms 5.9 $1,900 40 200 16% $1,900 40 100 8% Bathrooms 5.3 $1,600 30 150 12% $1,700 Stories 4.7 20 50 4% $1,300 20 100 8% Boundaries: North – East 96th Street, South – East 42nd Street, East – East River (Including Corridor $1,500 Between CPS, W 57th Street And Eighth Avenue), West – Avenue Of The Americas 0 0% 10 11 12 13 14 15 16 17 18 19 0 $1,000 10 11 12 13 14 15 16 17 18 19 10 50 4%
$700 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% Northern Downtown Visit our website to browse listings and learn more about market trends Manhattan 31.6% 3-5 Family 1-Family 35.7% 30.6% 39.3% Avg Price Per Sq. Ft. WEST SIDE TOWNHOUSE Number of Sales Days on Market WEST SIDE TOWNHOUSE Listing Discount $2,200 West Side 50 250 20% 9.7% East Side 2-Family 23.0% Avg Price Per Sq. Ft.29.6% Number of Sales Days on Market Listing Discount $1,900 40 200 DOWNTOWN TOWNHOUSE 16% DOWNTOWN TOWNHOUSE $3,000 120 250 15% $1,600 30 150 12% $2,600 96 200 12% $1,300 20 100 8% $2,200 72 150 9% $1,000 10 50 4% $1,800 48 100 6% $700 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% $1,400 24 50 3%
$1,000 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0%
Avg Price Per Sq. Ft. DOWNTOWN TOWNHOUSE Number of Sales Days on Market DOWNTOWN TOWNHOUSE Listing Discount $3,000 120 250 15%
$2,600 96 200 Avg Price Per Sq. Ft. NORTHERN MANHATTAN TOWNHOUSE Number of Sales 12% Days on Market NORTHERN MANHATTAN TOWNHOUSE Listing Discount $1,000 200 250 20% $2,200 72 150 9% 160 200 16% $1,800 48 $800100 6% $600 120 150 12% $1,400 24 50 3% $400 80 100 8% $1,000 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% $200 40 50 4%
$0 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0%
Avg Price Per Sq. Ft. NORTHERN MANHATTAN TOWNHOUSE Number of Sales Days on Market NORTHERN MANHATTAN TOWNHOUSE Listing Discount $1,000 200 250 20%
$800 160 200 16% Avg Price Per Sq. Ft. LUXURY MARKET Number of Sales Median Sales Price MULTIFAMILY MARKET 1 Family 2 Family 3-5 Family $600 120 4,000150 12%50 $10,000,000
$400 80 3,500100 8%40 $8,000,000
$200 40 3,00050 4%30 $6,000,000
$0 10 11 12 13 14 15 16 17 18 19 0 2,5000 10 11 12 13 14 15 16 17 18 19 0%20 $4,000,000 2,000 10 $2,000,000 $0 1,500 10 11 12 13 14 15 16 17 18 19 0 10 11 12 13 14 15 16 17 18 19
Avg Price Per Sq. Ft. LUXURY MARKET Number of Sales Median Sales Price MULTIFAMILY MARKET 1 Family 2 Family 3-5 Family 4,000 50 $10,000,000
3,500 40 $8,000,000
3,000 30 $6,000,000
2,500 20 $4,000,000 Northern Downtown Manhattan 31.6% 3-5 Family 1-Family 2,000 10 $2,000,000 35.7% 30.6% 39.3%
$0 West Side 1,500 10 11 12 13 14 15 16 17 18 19 0 10 11 12 13 14 15 16 17 18 19 9.7% East Side 2-Family 23.0% 29.6%
Northern Downtown Manhattan 31.6% 3-5 Family 1-Family 35.7% 30.6% 39.3%
West Side 9.7% East Side 2-Family 23.0% 29.6% Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSE Number of Sales $2,000 350 $1,700 300 $1,400 250 $1,100 200 Avg Price Per Sq. Ft. Number of Sales $800 MANHATTAN TOWNHOUSE 150 $2,000 350 $500 100 10 11 12 13 14 15 16 17 18 19 $1,700 300 $1,400 250 Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSE Number of Sales $1,100 200 $2,000 350 Days on Market MANHATTAN TOWNHOUSE Listing Discount $800 150 $1,700 300 180 13% $500 100 $1,400 250 160 10 11 12 13 14 15 16 17 18 19 11% $1,100 200 140 9% $800Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSE Number of Sales 150 120 7% $2,000$500 100350 Days on Market MANHATTAN TOWNHOUSE Listing Discount 10 11 12 13 14 15 16 17 18 19 100 5% $1,700 300 180 13% 80 10 11 12 13 14 15 16 17 18 19 3% $1,400 250 160 11% $1,100 200 140 9% Days on Market MANHATTAN TOWNHOUSE Listing Discount 150 120 180$800 13% Listing Inventory MANHATTAN TOWNHOUSE Absorption Rate (Mos) 7% $500 100 100550 5%30 160 10 11 12 13 14 15 16 17 18 19 11% 50080 253% 140 9% 10 11 12 13 14 15 16 17 18 19 450 20 120 7% 400 15 100 Days on Market MANHATTAN TOWNHOUSE Listing Discount 5% 350 Listing Inventory MANHATTAN TOWNHOUSE Absorption Rate (Mos) 10 18080 13%3% 10 11 12 13 14 15 16 17 18 19 550 30 160 11% 300 10 11 12 13 14 15 16 17 18 19 5 500 25 140 9% 450 20 120 Listing Inventory MANHATTAN TOWNHOUSE Absorption Rate (Mos) 7% 400 Avg Price Per Sq. Ft. EAST SIDE TOWNHOUSE Number of Sales 15 Days on Market EAST SIDE TOWNHOUSE Listing Discount 550100 305% The Elliman Report • Decade Survey of Manhattan Townhouse Sales 2010-2019 $2,500 10 100 500 25 350 250 20% 80 10 11 12 13 14 15 16 17 18 19 3% 300 (yr) (decade) 450 WEST SIDE 20 West$2,300 Side10 Townhouse11 Market12 Matrix13 14 201915 %∆ 16 172018 %18∆ 19 5 201080 200 16% Average Sales Price $6,999,656 -13.2% $8,068,395 -1.4% $7,098,279 400 15 $2,100 60 150 12% Average Price Per Sq Ft $1,156 -5.4% $1,222 -2.9% $1,190 350 Listing Inventory MANHATTAN TOWNHOUSE• Overall priceAbsorption trend Rate indicators (Mos) 10 40 Median$1,900 Sales Price $6,498,471 -19.1% $8,036,000 25.4% $5,182,600 100 8% 300550 declined from the prior year 30 Avg Price Per Sq. Ft. EAST SIDE TOWNHOUSE Number of Sales Days on Market EAST SIDE TOWNHOUSE Listing Discount 10 11 12 13 14 15 16 17 18 19 5 20 4% Number$2,500$1,700 of Sales 19 -32.1% 28 -17.4% 10230 25500 20% 500 25 • Listing inventory slipped as Days on Market (From Last List Date) 107 -34.8% 164 -9.3% 118 0 $2,300$1,500 10 11 12 13 14 15 16 17 18 19 80 200 10 11 12 13 14 15 16 17 18 19 160%% 450 the number of sales fell sharply20 Listing Discount (From Last List Price) 13.1% 10.4% 6.4%0 400 15 Average$2,100 Square Feet (Closed) 6,058 -8.3% 6,603 1.6% 5,96560 150 12% Avg Price Per Sq. Ft. EAST SIDE TOWNHOUSE• The negotiabilityNumber of a of sales Sales Days on Market EAST SIDE TOWNHOUSE Listing Discount $2,500350 expanded despite the annual10 100 $1,900250 2040% 100 8% Avg Price Per Sq. Ft. WEST SIDE TOWNHOUSE Number of Sales Days on Market WEST SIDE TOWNHOUSE Listing Discount decline in marketing time $2,300300 10 11 12 13 14 15 16 17 18 19 5 80 $1,700200 1620% 50 4% $2,200 50 250 20% $2,100 • The subject region maintained 60 $1,500$1,900150 12% 0 0%16% 10 11 12 13 14 15 16 17 18 19 040 200 10 11 12 13 14 15 16 17 18 19 $1,900 its pattern of having the lowest 40 100 8% $1,600 30 12% Avg Price Per Sq. Ft. EAST SIDE TOWNHOUSEnumber of salesNumber of Sales Days on Market EAST SIDE TOWNHOUSE Listing Discount 150 $1,700 20 50 4% $2,500 100 $1,300250 2020% 100 8% • The share of sales declined 2.4% Avg Price Per Sq. Ft. WEST SIDE TOWNHOUSE Number of Sales Days on Market WEST SIDE TOWNHOUSE Listing Discount $1,500 0 0% $2,300 10 11 12 13 14 15 year16 over year17 to 9.7%18 19 080 $1,000200 10 11 12 13 14 15 16 17 18 19 1610% 50 4% $2,200 50 250 20% $2,100 60 15$7000 10 11 12 13 14 15 16 17 18 19 12%0 0 10 11 12 13 14 15 16 17 18 19 0% $1,900 40 200 16% $1,900 Amenities Average 40 100 Avg Price Per Sq. Ft. WEST SIDE TOWNHOUSE Number of Sales $1,600Days on Market WEST SIDE TOWNHOUSE Listing Discount 8%30 150 12% Square Feet 6,058 4% $2,200$1,700 2050 $1,30025050 20%20 100 8% Width (Ft) 21.8 $1,900$1,500 40 0 Avg Price Per Sq. Ft. DOWNTOWN TOWNHOUSE Number of Sales 0%16% Days on Market DOWNTOWN TOWNHOUSE Listing Discount 10 11 12 13 14 15Elevator 16% 17 18 21.1%19 0 $1,000200 10 11 12 13 14 15 16 17 18 19 10 50 4% $3,000 120 250 $1,600 12% 15% Rooms 12.8 30 150$700 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% Bedrooms 5.3 $2,600 96 200 12% $1,300 20 100 8% Avg Price Per Sq. Ft. WEST SIDE TOWNHOUSEBathrooms Number of5.1 Sales $2,200Days on Market WEST SIDE TOWNHOUSE Listing Discount 72 150 9% $1,000 10 50 4% $2,200 Stories 4.2 50 20% $1,800250 48 100 6% $700 10 11 12 13 14 Boundaries:15 North –16 West 116th Street,17 South – West 34th18 Street, 19 0 0 Avg10 Price Per11 Sq. Ft.12 13 14 15 16 17 Number18 of Sales19 0% Days on Market Listing Discount $1,900 East – Avenue of the Americas, West – Hudson River 40 DOWNTOWN TOWNHOUSE 16% DOWNTOWN TOWNHOUSE $1,400200 24 50 3% $3,000 120 250 15% $1,600 30 12% 150 0 $1,000Northern Manhattan10 11 Townhouse12 13 14 15 16 17 18 19 2000 10 11 12 13 14 15 16 17 18 19 12%0% $2,600 2019 %∆ (yr) 2018 %∆ (decade) 201096 $1,300 20 Market100 Matrix 8% Avg Price Per Sq. Ft. DOWNTOWN TOWNHOUSENORTHERN MANHATTANNumber of Sales $2,200AverageDays Sales on MarketPrice DOWNTOWN$2,072,649 TOWNHOUSE-6.7% $2,221,531 Listing91.8% Discount$1,080,50272 150 9% $1,000 10 50 4% $3,000 120 $1,800Average250 Price Per Sq Ft $608 -6.2% $648 105.4% 15%$29648 100 6% $700 0 0 0% 10 11 12 13 14 15• Overall16 price17 trend 18indicators19 Median Sales10 Price11 12 13 $2,117,50014 15 3.9%16 $2,037,50017 18113.9% 19 $990,000 $2,600 96 $1,400200 Avg Price Per Sq. Ft. NORTHERN MANHATTAN TOWNHOUSE Number of Sales 12%24 50 Days on Market NORTHERN MANHATTAN TOWNHOUSE Listing Discount 3% showed mixed results year $1,000Number of Sales 70 -10.3% 78 18.6% 20059 250 20% $2,200 72 $1,000150 9%0 0 0% over year Days on Market10 (From11 Last12 List Date)13 14 141 15-22.1% 16 18117 1821.6% 19 116 10 11 12 13 14 15 16 17 18 19 $800 160 200 16% $1,800 • Listing inventory declined faster48 Listing100 Discount (From Last List Price) 9.0% 9.8% 13.5%6% Avg Price Per Sq. Ft. DOWNTOWN TOWNHOUSE Number of Sales $600Days on Market DOWNTOWN TOWNHOUSE Listing Discount 120 150 12% $1,400 than the number of sales, year 24 Average50 Square Feet (Closed) 3,408 -2.0% 3,476 -6.6% 3,6503% $3,000 over year 120 250 15% $400 80 100 8% $1,000 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% $2,600 • Marketing time was faster with 96 200 Avg Price Per Sq. Ft. NORTHERN MANHATTAN TOWNHOUSE Number of Sales 12% Days on Market NORTHERN MANHATTAN TOWNHOUSE Listing Discount $1,000$200 20040 25050 20%4% $2,200 less negotiability than last year 72 150 9% 0 0 0% • The average sales size slipped $800$0 10 11 12 13 14 15 16 17 18 19 160 200 10 11 12 13 14 15 16 17 18 19 16% $1,800 48 100 6% but remained roughly half the size NORTHERN MANHATTAN TOWNHOUSE $600 NORTHERN MANHATTAN TOWNHOUSE 120 150 12% $1,400Avg Price Per Sq. Ft. as the other regionsNumber of Sales 24 50 Days on Market Listing Discount 3% $1,000 200 $400250 20%80 100 8% $1,000 10 11 12 13 14 15• The 16share of17 sales 18rose 2.1%19 0 0 10 11 12 13 14 15 16 17 18 19 0% $800 160 200 16%40 year over year to 35.7% $200Avg Price Per Sq. Ft. LUXURY MARKET Number of Sales Median50 Sales Price MULTIFAMILY MARKET 1 Family 2 Family 3-5 Family4% $600 120 4,000150 12%50 $10,000,000 $0 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% $400 Amenities Average 80 3,500100 8%40 $8,000,000 Avg Price Per Sq. Ft. NORTHERN MANHATTAN TOWNHOUSE Number of Sales Days on Market NORTHERN MANHATTAN TOWNHOUSE Listing Discount Square Feet 3,408 40 50 4% $6,000,000 $1,000$200 200 3,000250 20%30 Width (Ft) 17.4 0 2,5000 0%20 $4,000,000 $0 10 11 12 13 14 15 16 17 18 19 160 200 10 11 12 13 14 15 16 17 18 19 16% $800 Elevator % 0.0% Avg Price Per Sq. Ft. LUXURY MARKET Number of Sales Median Sales Price MULTIFAMILY MARKET 1 Family 2 Family 3-5 Family 2,000 10 $2,000,000 $600 Rooms 10.3 120 4,000150 12%50 $10,000,000 Bedrooms 5.0 1,500 0 $0 $400 80 3,500100 10 11 12 13 14 15 16 17 18 19 8%40 $8,000,000 10 11 12 13 14 15 16 17 18 19 Bathrooms 3.8 40 3,000 30 $6,000,000 $200Avg Price Per Sq. Ft. LUXURY MARKETStories Number of3.7 Sales Median50 Sales Price MULTIFAMILY MARKET 1 Family 2 Family 3-5 Family4% 4,000 Boundaries: North – Harlem River, South – West 116th Street and East 96th Street, 50 $10,000,0002,500 0%20 $4,000,000 $0 10 11 12 13 14 East15 – East River, West16 – Hudson River17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 3,500 40 2,000$8,000,000 10 $2,000,000 Visit our website to browse listings and learn more about market trends 3,000 $6,000,000 $0 30 1,500 10 11 12 13 14 15 16 17 18 19 0 10 11 12 13 14 15 16 17 18 19
2,500 20 $4,000,000 Northern Downtown Avg Price Per Sq. Ft. LUXURY MARKET Number of Sales Median Sales Price MULTIFAMILY MARKETManhattan 131.6% Family 2 Family 3-5 Family 3-5 Family 1-Family 2,000 10 $2,000,000 35.7% 30.6% 39.3% 4,000 50 $10,000,000 $0 West Side 1,500 10 11 12 13 14 15 16 17 18 19 0 10 11 12 13 14 15 16 17 18 19 3,500 40 $8,000,000 9.7% East Side 2-Family 23.0% 29.6% 3,000 30 $6,000,000
2,500 20 $4,000,000 Northern Downtown Manhattan 31.6% 3-5 Family 1-Family 35.7% 2,000 10 $2,000,000 30.6% 39.3% West Side 1,500 10 11 12 13 14 15 16 17 18 19 0 $0 10 11 12 13 9.7% 14East Side15 16 17 18 19 2-Family 23.0% 29.6% Northern Downtown Manhattan 31.6% 3-5 Family 1-Family 35.7% 30.6% 39.3%
West Side 9.7% East Side 2-Family 23.0% 29.6%
Northern Downtown Manhattan 31.6% 3-5 Family 1-Family 35.7% 30.6% 39.3%
West Side 9.7% East Side 2-Family 23.0% 29.6% Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSE Number of Sales $2,000 350 $1,700 300 $1,400 250 $1,100 200 $800 150 $500 100 10 11 12 13 14 15 16 17 18 19
Days on Market MANHATTAN TOWNHOUSE Listing Discount 180 13% 160 11% 140 9% 120 7% Avg Price Per Sq. Ft. MANHATTAN TOWNHOUSEAvg PriceNumber Per Sq. of Ft.Sales MANHATTAN TOWNHOUSE Number of Sales 100 5% $2,000 $2,000 350 350 80 10 11 12 13 14 15 16 17 18 19 3% $1,700 $1,700 300 300 $1,400 $1,400 250 250 $1,100 $1,100 200 200 Listing Inventory MANHATTAN TOWNHOUSE Absorption Rate (Mos) $800 $800 150 150550 30 $500 $500 100 100500 25 10 11 12 13 14 15 16 17 10 18 11 19 12 13 14 15 16 17 18 19 450 20 400 15 350 10 Days on Market MANHATTAN TOWNHOUSE Days onListing Market Discount MANHATTAN TOWNHOUSE Listing Discount 300 5 180 180 13% 13% 10 11 12 13 14 15 16 17 18 19 160 160 11% 11% 140 Avg Price140 Per Sq. Ft. MANHATT9%AN TOWNHOUSE Number of Sales 9% Avg Price Per Sq. Ft. EAST SIDE TOWNHOUSE Number of Sales Days on Market EAST SIDE TOWNHOUSE Listing Discount 120 $2,000 120 350 7% 7%$2,500 100 250 20% 100 $1,700 100 5% 300 5% $2,300 80 200 16% 80 $1,400 80 3% 250 3% 10 11 12 13 14 15 16 1710 1811 1912 13 14 15 16 17 18 19 $2,100 60 150 12% $1,100 200 $1,900 40 100 8% $800 150 4% Listing Inventory $500 ListingAbsorption Inventory Rate (Mos) Absorption 100Rate (Mos) $1,700 20 50 MANHATTAN TOWNHOUSE10 11 12 13 MANHA14 TT15 AN TOWNHOUSE16 17 18 19 550 550 30 30$1,500 0 0% 10 11 12 13 14 15 16 17 18 19 0 10 11 12 13 14 15 16 17 18 19 500 500 25 25
450 Days 450on Market MANHATT20AN TOWNHOUSE Listing Discount 20 Avg Price Per Sq. Ft. Number of Sales Days on Market Listing Discount 400 180 400 15 13% 15 WEST SIDE TOWNHOUSE WEST SIDE TOWNHOUSE $2,200 50 20% 350 160 350 10 11% 10 250 $1,900 40 200 16% 300 10 11 12 13 14 15140 16300 1710 1811 1912 5 13 14 15 16 17 189% 19 5 12% 120 7% $1,600 30 150 100 5% $1,300 20 100 8%
Avg Price Per Sq. Ft. EAST SIDE TOWNHOUSE80 10 A11vg PriceNumber12 Per Sq. of13 Ft.Sales 14 EAST15 SIDE 16TOWNHOUSEDays17 on Market18 19Number3%EAST of Sales SIDE $1,000TOWNHOUSE Days onListing Market Discount EAST SIDE TOWNHOUSE Listing10 Discount 50 4% $2,500 $2,500 100 250 100 250 20% 20% $700 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% $2,300 $2,300 80 200 80 200 16% 16% Listing Inventory MANHATTAN TOWNHOUSE Absorption Rate (Mos) $2,100 $2,100 60 150 60 150 12% 12% 550 30 $1,900 500 $1,900 40 100 25 40 Avg Price10 Per0 Sq. Ft. DOWNTOWN8% TOWNHOUSE Number of Sales 8%Days on Market DOWNTOWN TOWNHOUSE Listing Discount $1,700 450 $1,700 20 50 20 $3,00020 50 4% 120 2504% 15% $1,500 400 $1,500 0 15 $2,600 0 0% 96 2000% 12% 10 11 12 13 14 15 16 1710 1811 1912 0 13 14 1510 1611 1712 1813 1914 0 15 16 1710 1811 1912 13 14 15 16 17 18 19 350 10 $2,200 72 150 9% 300 10 11 12 13 14 15 16 17 18 19 5 $1,800 48 100 6%
Avg Price Per Sq. Ft. WEST SIDE TOWNHOUSE Avg PriceNumber Per Sq. of Ft.Sales WEST SIDE TOWNHOUSEDays on Market NumberWEST of Sales SIDE$1,400 TOWNHOUSE Days onListing Market Discount WEST SIDE TOWNHOUSE Listing24 Discount 50 3% $2,200 $2,200 50 250 50 250 20% 20% $1,000 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% Avg Price Per Sq. Ft. EAST SIDE TOWNHOUSE Number of Sales Days on Market EAST SIDE TOWNHOUSE Listing Discount $1,900 $1,900 40 200 40 200 16% 16% $2,500 100 250 20% $1,600 $1,600 30 150 30 150 12% 12% $2,300 80 200 16% The Elliman Report • Decade Survey of Manhattan Townhouse Sales $1,300 $1,300 20 2010-100 2019 20 100 8% 8% $2,100 60 150 Avg Price Per Sq. Ft. NORTHERN MANHATTAN TOWNHOUSE Number of Sales 12% Days on Market NORTHERN MANHATTAN TOWNHOUSE Listing Discount $1,000 $1,000 10 50 $1,00010 50 4% 200 2504% 20% $1,900 LUXURY 40 Luxury100 Townhouse Market Matrix 2019 %∆ (yr) 2018 %∆ (decade) 8%2010 $700 10 11 12 13 14 15 $70016 1710 1811 1912 0 13 14 0 1510 1611 1712 1813 1914 $8000 15 16 0 1710 1811 1912 0%13 14 15 16 17 16018 19 2000% 16% $1,700 20 Average50 Sales Price $18,455,446 -8.0% $20,050,538 0.7% $18,321,6824% Average$600 Price Per Sq Ft $2,040 -14.3% $2,381 -7.3% $2,201120 150 12% $1,500 10 11 12 13 14 15• Price16 trend17 indicators18 showed19 0 10 11 12 13 14 15 16 17 18 19 0% 0 Median Sales Price $17,700,000 8.9% $16,250,000 0.4% $17,625,000 mixed results from year-ago levels $400 80 100 8% Number of Sales 21 -19.2% 26 5.0% 20 40 Avg Price Per Sq. Ft. DOWNTOWN TOWNHOUSE Avg PriceNumber Per Sq. of Ft.Sales DOWNTOWN• The TOWNHOUSE numberDays on of Market sales fell Numberyear DOWNTOWN of Sales Days $200TOWNHOUSE on Market (From DaysLast ListonListing Date)Market Discount151 DOWNTOWN-3.8% TOWNHOUSE157 17.1% Listing129 Discount 50 4% $3,000 Avg $3,000Price Per Sq. Ft. WEST SIDE120 TOWNHOUSEover250 year by nearlyNumber a of third Sales from 120 Days on Market250 WEST SIDE TOWNHOUSE15% Listing Discount 15% Listing$0 Discount10 (From11 Last List12 Price) 13 11.3%14 15 16 12.6%17 18 19 8.3%0 0 10 11 12 13 14 15 16 17 18 19 0% $2,200 the prior year 50 20% $2,600 $2,600 96 200 Entry25096 Threshold 200 $9,999,99912%-18.4% $12,250,000 N/A $12,850,000 12% • The average sales size rose for $1,900 40 Average Square Feet (Closed) 9,048 7.4% 8,422 8.7% 16%8,324 $2,200 $2,200 72 the150 third straight year 20072 150 9% 9% $1,600 30 150 12% $1,800 $1,800 48 100 48 100 6% 6% Avg Price Per Sq. Ft. LUXURY MARKET Number of Sales Median Sales Price MULTIFAMILY MARKET $1,300 Amenities Average 20 100 8% 1 Family 2 Family 3-5 Family $1,400 $1,400 24 50 4,00024 50 3% 50 $10,000,0003% $1,000 Square Feet 9,048 10 50 4% $1,000 $1,000 0 0 0 0 0% 0% 10 11 12 13 14 15 16 1710 1811 1912 13 Width14 (Ft) 1510 1611 26.51712 1813 1914 3,50015 16 1710 1811 1912 13 14 15 16 17 4018 19 $8,000,000 $700 10 11 12 13 14 15 16 17 18 19 0 0 10 11 12 13 14 15 16 17 18 19 0% Elevator % 57.1% 3,000 30 $6,000,000 Rooms 13.7 2,500 20 $4,000,000 Bedrooms 6.3 Avg Price Per Sq. Ft. NORTHERN MANHATTAN TOWNHOUSEAvg PriceNumber Per Sq. of Ft.Sales NORTHERN MANHATTADaysN TOWNHOUSE on Market NumberNORT HERNof Sales MANH2,000ATTAN TOWNHOUSEDays onListing Market Discount NORTHERN MANHATTAN TOWNHOUSE Listing10 Discount$2,000,000 Avg Price Per Sq. Ft. DOWNTOWN TOWNHOUSEBathrooms Number of6.9 Sales Days on Market DOWNTOWN TOWNHOUSE Listing Discount 200 200 $1,000 $1,000 Stories250 4.5 1,500 250 20% 0 20% $0 $3,000 120 250 10 11 12 13 14 15 16 17 18 19 15% 10 11 12 13 14 15 16 17 18 19 $800 $800 160 Note: This 200sub-category analyzes the top 10% of all townhouse sales. Data is also contained 160 200 16% 16% $2,600 within the townhouse markets presented. 96 200 12% $600 $600 120 150 120 150 12% 12% $2,200 72 1-Family150 Market Matrix 2019 %∆ (yr) 2018 %∆ (decade) 9%2010 $400 $400 80 MULTIFAMILY100 80 100 8% 8% $1,800 48 Average100 Sales Price $8,462,440 -14.8% $9,930,913 19.3% $7,095,2376% 40 40 $200 $1,400 $200 • The50 sales for 2 family properties24 Average50 Price Per50 Sq Ft $1,643 4%-10.0% $1,825 7.2% $1,5333% 4% Median Sales Price $6,737,500 -17.8% $8,200,000 26.9% $5,310,000 0 were0 the only type to rise year 0 0 Norther0%n 0% $0 10 11 12 13 14 $1,00015 1016$0 111710 121811 131912 14 13 15 14 16 1510 17 1611 18 1712 19 18130 1914 0 15 10 16 11 1710 12 1811 13 191214 1315Downtown1416 1517 1618 1719 0%18 19 over year Number of Sales Manhattan77 -22.2%31.6% 99 -23.0% 100 3-5 Family 1-Family 35.7% 30.6% 39.3% • The median sales price for the Average Square Feet (Closed) 5,152 -7.4% 5,564 11.3% 4,628 West Side 3-5 family saw the most significant 2-Family Market Matrix 2019 %∆ (yr) 2018 %∆ (decade) 2010 9.7% East Side 2-Family increase year over year from 2010 Average Sales Price $5,112,778 -12.5%23.0% $5,841,044 34.6% $3,798,542 29.6% Avg Price Per Sq. Ft. NORTHERN MANHATTAN TOWNHOUSE Number of Sales Days on Market NORTHERN MANHATTAN TOWNHOUSE Listing Discount Avg Price Per Sq. Ft. LUXURY MARKET Avg PriceNumber Per Sq. of Ft.Sales LUXUR• TheYMedian MARKET sales Sales share Price for eachMUL NumberpropertyTIFAMIL of Y Sales MARKET 1 FamilyMedian 2Sales Family Price MUL3-5 TIFFamilyAMILY MARKET 1 Family 2 Family 3-5 Family 200 Average Price Per Sq Ft $1,232 -11.4% $1,390 38.6% $889 $1,000 $10,000,000 250 $10,000,000 20% 4,000 4,000 50 type was in line with the decade Median50 Sales Price $3,600,000 -7.7% $3,900,000 12.5% $3,200,000 average 160 200 16% 3,500 $800 3,500 40 $8,000,000 Number40 of Sales$8,000,000 58 20.8% 48 9.4% 53 $600 • The 3-5 family sales market 120 Average150 Square Feet (Closed) 4,151 -1.3% 4,204 -2.9% 12%4,273 3,000 3,000 30 accounted$6,000,000 for more than a quarter 30 $6,000,000 $400 80 3-5100 Family Market Matrix 2019 %∆ (yr) 2018 %∆ (decade) 8%2010 2,500 2,500 20 of$4,000,000 all townhouse gross dollar 20 $4,000,000 Average Sales Price $5,273,151 21.5% $4,340,104 38.5% $3,807,063 $200 volume in nine of the past ten years40 50 4% 2,000 2,000 10 $2,000,000 Average10 Price Per$2,000,000 Sq Ft $1,108 12.6% $984 37.5% $806 • Sales of single-family properties0 0 0% $0 10 11 12 13 14 15 16 $017 18 19 Median Sales10 Price11 $012 13$3,375,00014 27.4%15 $2,650,00016 17 18126.9% 19$1,487,146 1,500 10 11 12 13 14 15 1,50016 1710 1811 1912 0 13 14were the15 only size1610 category1711 to18 12 1913 0 14 15 16 1710 1811 1912 13 14 15 16 17 18 19 decline over the decade Number of Sales 60 -27.7% 83 36.4% 44 Average Square Feet (Closed) 4,760 6.5% 4,470 0.8% 4,723
Avg Price Per Sq. Ft. LUXURY MARKETMarket Share Numberby Number of Sales of Sales Median Sales Price MULTIFAMILY MARKET 1 Family 2 Family 3-5 Family 4,000 50 $10,000,000
3,500 40 $8,000,000 Northern Downtown Northern Downtown Manhattan3,00031.6% Manhattan 31.6% 3-5 Family 1-Family30 $6,000,000 3-5 Family 1-Family 35.7% 35.7% 30.6% 39.3% 30.6% 39.3% 2,500 20 $4,000,000 West Side West Side 9.7%2,000East Side 9.7% East Side 2-Family 10 $2,000,000 2-Family 23.0% 23.0% 29.6% 29.6% $0 1,500 10 11 12 13 14 15 16 17 18 19 0 10 11 12 13 14 15 16 17 18 19
© 2020 Douglas Elliman Real Estate and Miller Samuel Inc. All worldwide rights reserved. Douglas Elliman Miller Samuel Real Estate EASTSIDE 980 Madison Avenue 212.650.4800 • 575 Madison Avenue 212.891.7000 • 205 East 42nd Street 212.692.6111 WESTSIDE 1995 Broadway 212.362.9600 • Real Estate Appraisers & Consultants 2142 Broadway 212.769.2004 • 2112 Frederick Douglass Boulevard 212.865.1100 DOWNTOWN 140 Franklin Street 212.965.6000 • 26 West 17th Street 212.645.4040 575 Madison Avenue 21 West 38th Street • 137 Waverly Place 212.206.2800 • 774 Broadway 212.995.5357 • 690 Washington Street 212.352.3400 BROOKLYN 490 Driggs Avenue 718.486.4400 • 325 Court New York, NY 10018 Street 718.522.2929 • 156 Montague Street 718.780.8100 • 154 Seventh Avenue 718.840.2000 • 664 Fulton Street 718.715.7000 QUEENS 36-29 Bell Boulevard New York, NY 10022 718.631.8900 • 47-37 Vernon Boulevard 646.299.2096 RIVERDALE 3265 Johnson Avenue 718.884.5815 • 6048 Riverdale Avenue 718.601.6100 212.891.7000 212.768.8100 millersamuel.com © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, elliman.com IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, For more information or electronic copies please visit elliman.com/marketreports. ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR Email author Jonathan Miller at [email protected] with questions/comments. PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE Northern BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY. ReportDowntown Methodology: http://www.millersamuel.com/research-reports/methodology Manhattan 31.6% 3-5 Family 1-Family 35.7% 30.6% 39.3%
West Side 9.7% East Side 2-Family 23.0% 29.6%