Condominium unit prices have not seen lasting gains in eight months, according to the RPX Monthly Manhattan Neighborhoods Report for April from Radar Logic, released today. Despite a price spike upwards in early March, increases were more than equaled by declines in late March and April, the report says.

Sales activity in April increased by 4.2 percent relative to the same period in 2010, but remained 15 percent below the average transaction count in 2007 and 20 percent below the average transaction count in 2004. – Katherine Clarke [more]

Manhattan rents changed slightly between March and April, according to
the April rental market analysis released today by brokerage Citi
Habitats. Studio apartment rents held steady at an average of $1,774.
One-bedroom rents fell slightly to $2,434 from $2,443, and two-bedroom
rents dipped to $3,460 from $3,551. Rents for three-bedrooms rose to
$4,607 from $4,594. The overall vacancy rate fell to 2.28 percent from
2.37 in March. Midtown East had the highest vacancy rate, at 2.7
percent, of the 11 neighborhoods included in the report, while the
Soho/Tribeca area had the lowest, at 1.78 percent. TRD [more]

Source: PropertyShark.com

Foreclosures in New York City decreased in April, according to the
monthly foreclosure report from PropertyShark.com (included below). There were 263 new
foreclosures in the five boroughs in April, down 18 percent from March
and 20 percent year-over-year. Recent foreclosure patterns have
continued to hold for individual boroughs, with Queens leading in
number of foreclosures. But Queens’ 172 new foreclosures represented a
23 percent drop from March of this year and an 11 percent decline from
April 2008. Foreclosures rose in Staten Island — which has also topped
the city in foreclosures — by 15 percent from March and 4 percent
year-over-year. In the Bronx, foreclosures fell 44 percent from March
but rose 10 percent year-over-year. In Brooklyn, foreclosures were
level in April from March and were down 76 percent from April 2008. TRD

[more]