Manhattan Condos - New Developments - Conversions - Resales: Upper West Side Market Report

Upper West Side Market Report

UPPER WEST SIDE MARKET REPORT

RESALES

Resale co-op pricing on the West Side decreased from both Second Quarter 2011 and Third Quarter 2010. Median price dipped 4% from last quarter and 9% from a year ago while average price dropped 5% from last quarter and a year ago.

Three-plus bedroom co-ops, however, increased 11% in median price from last quarter. Resale condos, on the other hand, increased 11% in median price and 7% in average price per square foot versus Second Quarter 2011.

Compared to a year ago, condo median price dipped 4% as fewer two- and three-plus bedroom residences traded but average price per square foot was 2% higher.

UPPER WEST SIDE MARKET REPORT

NEW DEVELOPMENTS

West side new development pricing saw big jumps in median price and average price per square foot over both time periods.

Median price rose 43% from last year and 44% from last quarter as a large number of $5 million- plus transactions were recorded.

Average price per square foot increased 15% from last year and 14% from last quarter. These sales were primarily at The Laureate, The Apthorp, The Aldyn and 535 West End Avenue.

The Aldyn -60 Riverside Boulevard

 

 

 

 

 

 

 

 

 

As always, I will continue to follow closely sales activity and trends on the Upper West Side of Manhattan, and would welcome the oportunity to answer any questions about this report, the market in general or any questions about buying or selling real estate in Manhattan.
 
I’m very happy to talk to people at any stage of the Real Estate process and can discuss the opportunities in each neighborhood, price point and room count.

Corcoran Report/Property Shark
 
   

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Blogging about Manhattan Real Estate since 2006

Mitchell Hall (Licensed as Mitchell J Hall)

Licensed Associate Real Estate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

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          Call Mitchell Hall @ 347-921 HALL (4255)
Comment balloon 1 commentMitchell J Hall • December 10 2011 04:54PM

Comments

Mitchell thanks for always keeping us updated on the Manhattan condo market.  Alway a pleasure hearing about the history of the older buildings and the adoption of green building practice for new ones.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) almost 6 years ago

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