Steven James, Douglas Elliman Steven James, CEO of New York City, Douglas Elliman

NEW YORK CITY–With the average sale price for all co-ops and condominiums in Manhattan at $2,002,835 and median sale price at $1,170,000, residential real estate still shines as a strong investment in the third quarter of 2017. Residential property was on the market for an average of 101 days, with 3,369 sales closings. The median sales prices for apartments according to size were studios: $475,000; 1-bedrooms: $849,000; 2-bedrooms: $1,730,000; 3-bedrooms: $3,258,000; 4+-bedrooms: $7,056,036.

Douglas Elliman, the New York Metropolitan area’s largest brokerage, and the fourth largest real estate company in the country today released its Third Quarter 2017 Manhattan Sales Market Report. The numbers show an active market with the number of sales significantly increasing, up 6.9 percent when compared to the previous quarter, and up 13 percent when compared to the third quarter of last year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.