The Real Deal New York

The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

January 06, 2016 03:35PM
By Kyna Doles

(credit: Platinum Properties and Halstead Property Development Marketing)

(credit: Platinum Properties and Halstead Property Development Marketing)

According to the latest batch of year-end residential market reports, Manhattan’s luxury market was booming, Downtown saw the most new development activity and Financial District home sales reached a record high.

Residential

New development 2015 year-end report: Halstead Property Development Marketing

Lower Manhattan saw the most new development activity last year, and nearly half of all new development listings across the borough are priced over $5 million. Read the full report here.

Financial District 2015 year-end report: Platinum Properties 

The Financial District saw record high prices in 2015 and a decrease in asking price discounts. Blended sales the area are expected to fetch nearly $2,000 per square foot in 2016. Read the full report here.

Manhattan luxury contracts 2015 year-end report: Olshan Realty

Manhattan’s luxury market saw its second biggest year in 2015. Sales from 1,344 apartments listed $4 million and above totaled more than $10.7 billion over 12 months. Read the full report here.

January 2016 Manhattan residential sales: CityRealty

The average sales price for condos and co-ops reached $2.2 million by December, up from $1.9 million in the previous month. Despite the increase, recorded sales fell from 988 to 862 units. Read the full report here.

NYC home sales: PropertyShark

The median price for a home in Noho, Tribeca and Little Italy surpassed $3 million in 2015. Prices in the three neighborhoods jumped 37, 27 and 102 percent respectively over last year. Read the full story here.

To view more market reports, check out the new TRData page.

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