Markets & Economy

Number of apartment sales in Manhattan drops while prices rise, report shows

CityRealty tracked 443 condos sold in Manhattan in January
  • Manhattan totaled $1.9 billion in gross sales last month, all apartment types considered.
  • Downtown as a whole fetched $591 million in condominium sales and was the highest-grossing region in Manhattan.
  • Midtown was the second-highest grossing region in Manhattan with $326 million in sales last month.
  • Meanwhile, in the Financial District, 30-day price averages increased a substantial 20.7 percent. In Battery Park City, monthly averages increased 22.2 percent.

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In the four weeks prior to February 1, the number of recorded sales in Manhattan dipped from 1,020 to 894 units, according to CityRealty’s March report. Conversely, average sales price remained stagnant at $2.1 million across both condos and co-ops compared with the preceding month. In Manhattan, 443 condos were sold at an average price of $2.9 million. Co-ops came in at an average price of $1.4 million, with 451 closings last month. Manhattan totaled $1.9 billion in gross sales last month, all apartment types considered. Downtown and Midtown shine, FiDi prices rise In the Downtown neighborhood, Chelsea, SoHo and West Village all boosted in 30-day price averages, with 2.8, 46.6 and 29.7 percent increases in price per square foot, respectively. Tribeca had 36 sales over the past 30 days. Greenwich Village brought in 26 transactions, and Chelsea ranked third with 22 sales. Downtown as a whole fetched $591 million in condominium sales and was the highest-grossing region i...