When Looking at Manhattan’s Condo Sales the Downtown Market Reigns Supreme

Posted On Thu, August 14, 2014 By

Posted On Thu, August 14, 2014 By In Manhattan, real estate trends, Recent Sales

Though everything seems to slow to a glacial pace during the summertime months, a sluggish market wasn’t the case for condo sales the week of July 14th. Buyers steadily scooped up prime properties with the city so far recording 249 condo and co-op sales. Manhattan’s biggest buys came via the usual suspects—Flatiron’s One Madison, and uptown faves Carnegie Hill and the Arpthorp—with deals ranging from $10.1 million up to $14.5 million.

According to CityRealty‘s Market Insight report, although the city’s top exchanges registered above 23rd Street, when eyeing contracts closed over the last 90 days, it looks like Downtown Manhattan reigned supreme when it came to the highest number of units sold (337), and the top prices garnered per square foot ($2,077 and $2,047 in the West Village and Soho, respectively). Overall, the area recorded an impressive $1 billion in total sales over the last three months.

CityRealty Weekly Market august 13 2014, cityrealty market insight[Via CityRealty]



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