“Numbers to know” is a weekly Web feature that catalogues the most notable, quirky and surprising real estate statistics. Milestone at 150 Charles, Intergate.Manhattan marks its debut and the subway may determine how much you pay in rent. See this week’s countdown after the jump.… [more]
Posts Tagged ‘new development sales’
The median listing price for new development apartments in Manhattan is up 10 percent year-over-year to $1.486 million in May, according to Streeteasy.com’s new development May market report. Contract activity and median sales prices for new homes in Manhattan and Brooklyn have increased significantly year-over-year. Meanwhile inventory has declined, most significantly in Brooklyn, where it was 33 percent lower than it was a year ago, and 19 percent lower than six months ago. [more]
Though new development sales slowed severely in Manhattan and Brooklyn in recent months, prices are mostly on the upswing, according to third quarter Manhattan and Brooklyn new development sales reports released today by residential brokerage MNS.
In Manhattan, the number of sponsor sales recorded in public records declined 18 percent from the second quarter, while in Brooklyn that figure fell off a cliff, to the tune of a 34 percent drop. However, the median sales price per square foot in that same period rose 4 percent in Manhattan to $1,243, and 3 percent in Brooklyn to $594. As for overall sales figures, in Manhattan the median price gained 10 percent since the third quarter of 2010 to about $1.5 million, and in Brooklyn it rose 7 percent to about $600,000. – Adam Fusfeld… [more]