Average Sale Price for Manhattan Co-ops and Condos Dips Again in September

Oct. 2, 2015 — CityRealty, a company that tracks apartment sales and offers high-level data and analysis of the major trends in the NYC real estate market, has released its latest Monthly Market Report. In the four weeks leading up to September 1, the average sale price for Manhattan apartments dipped slightly, while the total number of sales remained unchanged. The average price for an apartment — taking into account condo and co-op sales — was $1.7 million, down from $1.8 million in the preceding month. The number of recorded sales, 1,071, was about the same as the preceding month. The average price of a condo was $2.5 million, and the average price of a co-op was $1.2 million. There were 462 condo sales and 609 co-op sales. Click here to download the complete report.