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Messi to Miami: What that means for real estateMessi to Miami: What that means for real estateJeff Blau to Class B office owners: “Take what you can and run”Jeff Blau to Class B office owners: “Take what you can and run”SL Green moves to push Ashkenazy out of 625 Madison SL Green moves to push Ashkenazy out of 625 Madison Irvine Company to build nearly 1,300 homes at Irvine shopping centerIrvine Company to build nearly 1,300 homes at Irvine shopping center
New York

Tight market is trending in favor of sellers

Brokers say the post–Labor Day bump in listings didn’t materialize

From the October issue: If a year ago the watchword for buyers was cautious, this October a better term might be competitive.

In the third quarter of this year, sales of Manhattan condominiums and co-ops rose 11.5 percent, to 2,952 transactions from 2,647, compared to the previous quarter, according to a market report prepared by appraisal firm Miller Samuel for Prudential Douglas Elliman.

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The median sale price increased 7.4 percent, to $890,000 from $829,000, in the same span — thanks largely to a whopping 45.4 percent increase in the median price of new development units, to $1.49 million, the data show. [more]

TRENDING

Messi to Miami: What that means for real estateMessi to Miami: What that means for real estateJeff Blau to Class B office owners: “Take what you can and run”Jeff Blau to Class B office owners: “Take what you can and run”SL Green moves to push Ashkenazy out of 625 Madison SL Green moves to push Ashkenazy out of 625 Madison Irvine Company to build nearly 1,300 homes at Irvine shopping centerIrvine Company to build nearly 1,300 homes at Irvine shopping center
New York

Tight market is trending in favor of sellers

Brokers say the post–Labor Day bump in listings didn’t materialize

From the October issue: If a year ago the watchword for buyers was cautious, this October a better term might be competitive.

In the third quarter of this year, sales of Manhattan condominiums and co-ops rose 11.5 percent, to 2,952 transactions from 2,647, compared to the previous quarter, according to a market report prepared by appraisal firm Miller Samuel for Prudential Douglas Elliman.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

The median sale price increased 7.4 percent, to $890,000 from $829,000, in the same span — thanks largely to a whopping 45.4 percent increase in the median price of new development units, to $1.49 million, the data show. [more]