Manhattan neighborhoods with the most price cutsThese neighborhoods have seen the highest percentage of sellers cutting prices from quarter three to quarter four 2008:
Beekman - 50.6% of listings cut prices
Manhattan Valley - 45.7%
East Village - 43.1%
Central Park South - 41.9%
SoHo - 41.7%
Manhattan neighborhoods with the deepest price cutsThese neighborhoods have seen the most significant price cuts from quarter three to quarter four 2008:
Clinton - 10.93% average discount
Tribeca - 10.83%
Flatiron - 10.35%
Central Harlem - 8.58%
East Harlem 9.98%
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