The first quarter is almost over and here is where we stand on prices.
I thought it might be interesting to pass the market stats for Manhattan Sales.
Average listing prices :
Studios $636,942
One Bedrooms $938,994
Two Bedrooms $1,703,963
Three Bedrooms $3,229,273
The address everyone seems to want is UES. Here are some sprinklings of listing available now...
Rentals:
Sales:
The Henry T. Sloane Mansion on East 68th $64,000,000
Well you get the idea, the market has slowed but the bubble hasn't burst :)
Happy New Year!
Get out the checkbooks, your going to need them.
I won't rehash the article, just check out the link below.
All I will say is that Apartment prices are going INSANE. If the new planned Columbia expansion happens, watch out! If you own property up that way it is going to skyrocket much like Coney Island has and they haven't even taken a shovel to the ground.
If you look to Long Island City the base price for
500 sq ft Studio is about $2000 give or take $100.
1000 sq ft Live / Work loft $3200
696 Sq Ft 1 bed Apartment w/ terrace $1900
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I am a Licensed New Jersey Realtor and New York Real Estate Agent. I also do Interior Photography.
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