(source: PropertyShark)
While Manhattan apartment closings jumped by more than 75 percent year-over-year in both May and June, that sales bump all but evaporated in July, according to PropertyShark.com. In the first month since the expiration of the federal homebuyer tax credit, which doled out $8,000 each to buyers who closed by June 30, apartment sales increased by just 1.9 percent over July 2009. A little over 1,000 apartments closed in the borough during the month, public records show. While not all of July’s closed sales have been recorded with the city yet, PropertyShark said it doesn’t expect to add more than 50 additional sales to that tally as the last batch hits public record over the next several weeks. Meanwhile, the median sales price jumped by 19.7 percent year-over-year to $887,500 — the highest level in 16 months. TRD