Manhattan Q4 Report


It is my pleasure to share our Q4 2015 Manhattan Market Report with you. The year-end was very busy for me personally, with 5 deals going into contract in the last quarter. While prices have continued to rise, much of this was due to closings in the high-end luxury market. Personally, I saw a flattening of prices in several submarkets, particularly in Brooklyn, that had previously been rising steeply. - The median price for a Manhattan property surged to $1.2M during the fourth quarter - Four major submarkets set record median prices: the Upper West Side, Downtown, Midtown East, and Midtown West - Properties spent an average of 48 days on the market, while total supply measured 6.8 months

I hope that you find these key takeaways useful and enjoy reading the full analysis in this quarter’s report. I welcome your comments and look forward to speaking with you soon about the NYC real estate market or process.

#CompassMarketReports #BlogPosts

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Isil Yildiz Team

 

Compass 

110 5th Avenue

New York, NY 10011

(P) 985-714-4470

isil@compass.com

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Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed.