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Manhattan Condo Sales Statistics

The reports below show the statistical data on condo sales within Manhattan. The charts and tables compare total number of sales, average price and average price per square foot by market and by number of bedrooms.

Market Watch

Updated November 23, 2010

Follow the links on the right to see detailed reports
Total number of sales in October 2010
Total Sales chart

Residential sales at market value were 342 in October, showing a 7 percent drop from a month ago and down 16 percent from the year-over-year period. Transaction volume in October capped at $606 million, a 3 percent decrease from the volume seen in September; falling 19 percent from October 2009. Manhattan's average sale price in October, at $1,771,487, reports a 5 percent increase from a month ago, although down 3 percent from last year at $1,831,416. The average square footage, at 1,278, decreased by 1 percent from a month ago, with the average price per square foot at $1,208. Reporting little change from October 2009, the average square footage was 1,256 and the average price per square foot was $1,238.

  Oct 2009 Sep 2010 Oct 2010 1 year
change
1 month
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Total Sales 409 368 342 -16% -7%
Volume $749 mil $622 mil $606 mil -19% -3%
Avg Price $1,831,416 $1,689,216 $1,771,487 -3% +5%
Avg sf 1,256 sf 1,291 sf 1,278 sf +2% -1%
Avg $/sf $1,238 $1,179 $1,208 -2% +2%

In October, nationwide home construction reportedly dropped to the lowest level seen over the last 18 months. The National Association of Builders recently reported home builder confidence failed to show desired signs of improvement during the month of October. With a positive housing market index indicated as 50 or better, a reading which hasn't been seen since April 2006, survey results from 420 builders on the outlook for single-family home sales put the final index at 15 in October. Meanwhile, developers are reintroducing incentives again to sell stalled units, including increasing broker commissions and property opening incentive parties.

Average apartment price in October 2010
Average Price chart

South of 14th Street received the greatest sales in October at 81; Upper West Side, 70; Midtown East, 61; Midtown West, 59; Upper East Side, 47; and, North of 96th Street, 24. Two-bedroom sales at 113 sales; one-bedrooms, 105; three-bedrooms, 46; studios, 49; and units with four bedrooms or more received 29.

Manhattan Condo Sales Summary

This report shows the last 12 months summary.

Manhattan Condo Sales Bedroom Comparison

This report shows comparative totals and averages based on the number of bedrooms in an apartment. Loft spaces, as well as apartments with 4 bedrooms or more are excluded from these figures.

Manhattan Condo Sales Market Comparison

This report compares 6 major divisions in the Manhattan condominium sales market.