Copyright Castle Avenue Team at Rutenberg
127 E 56 ST, 4TH FL, NEW YORK, NY 10022

New York (Manhattan) Q1 2017 Condo :

Average price                        $3.01m (+4.4% vs prior year)

Avg price per SF                   $2,134 (+3.5%)

Transactions                          1,416 (+2.8%)

Days on market                       133 (+20%)

Residential Rents Mar 2017:

Average Rent                        $4,211 (+5.6% vs prior year)

Rent per sqft                          $65.88 (+1.2%)

Luxury property:
The luxury property market, defined by Miller Samuel as the top 10 percent of sales.

Median price                         $6.975m (+5.1%)

Avg price per SF                   $3,157 (+12.2%)

Transactions                             290 (+0.7%)

Days on market                         172 (+41.8%)

Data Source:  Miller Samuel Manhattan Q1 2017 Market Report

New York Apartment Prices Q1 2017

Key points on the Q1 Manhattan condo market
  • Avg sales price exceeded $3 million
  • Price per sqft of $2,134 up 3.5%
  • Transaction volume up 2.8%

Castle Avenue Team      
at Rutenberg
127 East 56 St, 4th fl, New York, NY 10022        +1.212.380.6134                                                            Property Blog
Manhattan, New York residential condominium specialist focusing on investors and international buyers
Wei Min Tan is a property broker focusing on Manhattan, New York luxury condominiums and foreign buyers.   He is often interviewed by the media including CNN, The New York Times and The Wall Street Journal on the subject of foreign buyers of Manhattan property.  View Wei Min's media appearances.  

Wei Min can be reached at +1.212.380.6134,