Friday, October 29, 2010

Condo Sales Report Show 20% Jump Below 14th St

Condo Sales: Manhattan condominium sales report

Monthly data reported by the website show a nearly 20% jump in per-square-foot condo sales below 14th Street from August 2009 - August 2010.

Per square footage sales in the area that covers the East, Greenwich and West Villages, Soho, Tribeca, Little Italy, Chinatown and the Financial District jumped from $1,055 per square foot in August 2009 to August 2010, the most recent month for which data has been compiled.

While it is possible that mass closings in a large new building may have skewed this average, no large buildings (such as 15 Central Park West) closed that we are aware of. Buyers searching for a condo should take into consideration the higher per square foot price and adjust their budget - or expectations - accordingly.

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