The media is reporting
Here is the full Manhattan Q1 2011 market report.
Specific to condos:
Median price up 8% vs last year.
Avg price per sf up 5.4% vs last year.
* Overall (condo + coop) median property price $782,071, down 10% vs last year.
* This is driven by higher mix of coop sales. Median price of a coop is $642k, about half that of a condo at $1.15m.
* Listing inventory fell to lowest level in 3 years.
New York (Manhattan) Q1 2011 Condo :
Median price $1.15m (+8% YOY)
Avg price per SF $1,216 (+5.4%)
Transactions 964 (-24.3%)
Days on market 140 (+3.7%)
The luxury property market, defined by Miller Samuel as the top 10 percent of sales, experienced mixed metrics.
Median price $3.95 million (-13.8% YOY)
Avg price per SF $1,899 (+1%)
Transactions 239 (+1.7%)
Days on market 128 (-33.7%)
Data Source: Miller Samuel Manhattan Q1 2011 Market Report