The Real Deal New York

The week in real estate market reports

A weekly feature bringing you the industry’s latest intel
By Kyna Doles | July 08, 2015 03:00PM

The latest batch of market reports from around the industry found that Manhattan’s average sales price hit record levels and more than a third of closed new development sales in Manhattan were priced over $5 million.

Residential

Q2 2015 Manhattan residential sales: Douglas Elliman 

Manhattan’s average sales price hit a record of $1.8 million in the second quarter of 2015. The median sales price for all apartments reached $980,000, a record high since the financial crisis began. Read the full report here.

Q2 Manhattan residential sales: Halstead Property

The average price for a Manhattan apartment was $1.8 million in the second quarter, down slightly from the first quarter but 8 percent higher year-over-year. Read the full report here.

Q2 2015 Manhattan residential sales: The Corcoran Group

Manhattan’s residential market remained strong in the second quarter, as is expected with this time of year. Closed sales were up 2 percent year-over-year to 4,236 units sold. Read the full report here.

Q2 2015 New development: Halstead Property Development Marketing

More than a third of all closed new development sales in Manhattan were over $5 million in the second quarter compared to 19.7 percent in the first quarter. Read the full report here.

May 2015 Manhattan residential rentals: Town Residential 

The average price for a Manhattan studio, one bedroom and three bedroom apartment was up 4.5 percent, 3.7 percent and 3.4 percent respectively. The price for a two bedroom apartment was down nearly 5 percent. Read the full report here.

Q2 2015 Manhattan residential sales: BOND New York

It was a busy second quarter with pending residential sales in Manhattan totaling 4,571, a 18.2 percent increase year-over-year. The median price remained static from the previous quarter at $950,000.  Read the full report here.

Q2 FiDi rentals and sales: Platinum Properties

Sales of Financial District apartments were stable in the second quarter, although prices fell from the first quarter. The average price for a FiDi apartment was $1.2 million, a nearly 8 percent decline from the prior quarter. Read the full report here.

Manhattan luxury contracts June 22-28: Olshan Realty 

Thirty contracts were signed during the final full week of July for Manhattan apartments priced $4 million and above. In the first half of the year, 751 luxury apartments entered into contract— 49 more than the same period last year. Read the full report here.