(212) 769-9807
Pzweben@Elliman.com
Menu
Menu

YOU ARE MISSING THE BOAT!

I continue to say that if you are not shopping for a NEW apartment today, you are missing the NYC boat!

I REALLY CAN HELP YOU!!!

PZWEBEN@ELLIMAN.COM

Daily Real Estate News  |  July 2, 2009  |   Share

Manhattan Condo and Co-op Prices Fall.
Condo and co-op prices in pricey Manhattan fell for the second quarter in a row, according to data from Prudential Douglas Elliman, one of the city’s largest real estate firms.

Expensive properties were the hardest hit with the median sales price of a luxury apartment – those in the top 10 percent of sale prices – falling 17 percent to 26 percent with the number of sales reduced by half.

About 61 percent of all sales were below $1 million, down from 49 percent a year ago, according to Miller Samuel Inc., which analyzed the number for Prudential.

Meanwhile, the average time it took to sell a property rose 48 percent from a year ago to 129 days with the number of price cuts doubling, according to a report from StreetEasy.com.

"It's the beginning of the new reality that 2007 and 2008 were not the norm, but the peak," says Pamela Liebman, CEO of The Corcoran Group.

Source: The Associated Press, J.W. Elphinstone (07/02/2009)

Have you seen these yet?

Work with The Zweben Team

With The Zweben Team, we guarantee attentive and personalized service. We genuinely listen to your aspirations, offer sincere recommendations, and utilize our expert negotiation skills to fiercely advocate for you. With us, you're choosing unparalleled expertise and a tailored experience to meet your unique real estate needs.
Contact us

Subscribe To

THE ZWEBEN TEAM NEWSLETTER
Experience a monthly dose of handpicked content from The Zweben Team, showcasing exclusive property listings, market updates and a little foodie fun.

Paul Zweben, Licensed Associate RE Broker
pzweben@elliman.com
Carolyn Zweben, Licensed Associate RE Broker
czweben@elliman.com
1995 Broadway, New York, 10023

Copyright @ 2024 The Zweben Team. All Rights Reserved. Privacy Policy. Powered by 23 Window Media.

575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. NYS STANDARD OPERATING PROCEDURE & NYS HOUSING DISCRIMINATION DISCLOSURE FORM. NOTICE DISCLOSING TENANTS’ RIGHTS TO REASONABLE ACCOMMODATIONS FOR PERSONS WITH DISABILITIES.

cross