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.
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.