bio: peter comitini »

market knowledge
Manhattan market report »
townhouse report »

follow peter comitini

peter's newsletter
sign-up here »

the topics
blogs & sites
for sale or rent
green city
market reports
property geek
questions & answers
tips for buyers
tips for sellers
newsreal bookmarks
peter's photos

real estate services
home page
selling your property
buying a home
browse listings
recent press
contact peter

design & ideas
green design
nyc resources
real estate
real estate: overseas

the archives
April 2014
November 2013
April 2013
February 2013
January 2013
June 2012
April 2012
March 2012
February 2012
January 2012
December 2011
July 2011
February 2011
January 2011
December 2010
October 2010
July 2010
June 2010
May 2010
February 2010
January 2010
December 2009
October 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
all archives

« previous: Remembering Mayor Ed Koch   |  next: Experience Harlem »

Tuesday, February 12, 2013

Market Snapshot: January 2013

monthly snapshotNo surprise that even with a seasonal Q1 bump in inventory, the number of apartments and lofts available for sale in Manhattan, remains 23% tighter than at this time in 2012. This can be frustrating for buyers who have few choices in any particular size category. It can be good news for sellers who can deal with largely recovered or appreciating values; and shorter times on the market. I would love to list your property today!

Download the full Manhattan Snapshot as a PDF »
Download the full Brooklyn Snapshot as a PDF »

Market Snapshots are compiled from both Corcoran's proprietary information regarding contracts signed, and public sales records. Excerpt below:
Marketwide inventory increased slightly in January due to the typical seasonal increase in new listings at the start of the new year. Nevertheless, inventory remains 23% lower than this time last year while contract activity increased by 44% compared to last January. This strong demand and limited supply has pushed pricing up compared to last year. Average price per square foot increased in every bedroom category for both condos and co-ops leading to an overall 13% gain for condos and a 22% gain for co-ops compared to January 2012. Limited supply has also constricted the average number of days on market and discounts from last ask to sale.

post a comment:

to help fight spam, your comment may need to be approved by the moderator before it appears

we don't collect or share email addresses

email this to a friend:

recipient's email address:

your email address (required):

we don't collect or share email addresses

your personal message (optional):

a link to this page will be included with your message.