FOR COOPS

  • Average Sales Price increased to $2,014,123 from $1,528,100
  • Median Sales Price increased to $950,000 from $855,000
  • Discount from Original Asking Price increased to 14.1% from 5.2%*
  • Discount from Last Asking Price increased to 6.8% from 0.7%
  • Initial Offer Off Last Asking Price increased to 3.58% from 3.47%
  • Transactions over $1,000,000 increased to 46% from 41%
  • Median number of days on market to C/S, from last ask price increased to 58 from 52 days
  • 63% of Coop Sales are financed of which 71% are contingent on financing
  • 6% of buyers are international
  • 35% of Coops sold at Asking Price and Above.

*The re-sale of high priced luxury properties are having greater discounts from original asking price, primarily on the Upper East and the Upper West side.

FOR CONDOS

  • Average Sales Price decreased to $2,671,685 from $2,965,529
  • Median Sales Price decreased to $1,740,000 from $1,800,000
  • Discount from Original Asking Price increased to 7.3% from 3.9%
  • Discount from Last Asking Price increased to 5.6% from 3.0%
  • Initial Offer Off Last Asking Price increased to 3.45% from 2.48%
  • Transactions over $1,000,000 increased to 82% from 80%
  • Median number of days on market to C/S, from last ask price decreased to 48 from 51 days
  • 49% of Condo Sales are financed of which 54% are contingent on financing
  • 24.3% of Condo Sales are New Developments
  • 19% of buyers are international
  • 39% of Condos sold at Asking Price and Above.
  • Large number of luxury re-sales saw 40 – 45%  discounts from original asking price.
  • Number of Active listings for Coops and Condos on the market increased by 5.2%.

Source: eDeal, a Douglas Elliman proprietary database.