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.