February 2010
Corcoran just released some additional data on the market place in January, to that which I presented in the most recent . A key trend is average deal negotiability from last asking price, and it is shrinking in every price category, compared with a year earlier. In January 2010, our contracts data signed indicated a range of negotiability between 5% to 7%.
February 8, 2010
Manhattan Residential Market Snapshot January 2010
Marketwide sales activity slowed in January compared to December 2009. However, condominium sales are up 110% and co-op sales are up 118% versus January 2009. As is typical at this time of year, listed available inventory increased slightly this month as sellers relist their apartments in hopes of striking a deal after the holiday season. Available inventory is still far below levels seen a year ago. In January, the pricing disparity between buyers and sellers continued to close. The discounts this month were among the mildest in over a year. Buyers are typically able to obtain larger discounts for more expensive properties.
February 1, 2010
Tribeca and Lower Manhattan public schools zoned
Months of speculation, controversy and debate ended last Friday as the District 2 Community Education Council voted 6-4 for "Option 2" as the temporary public school zoning for lower Mahhattan including: Tribeca, Battery Park City, The Financial District and Seaport area.