Today we proudly present our Ten Year Manhattan Market
Report 2000-2009, produced in conjunction with Miller
Samuel to provide you and your clients with the most
comprehensive information available.
The Manhattan housing market has been a great investment
over the past decade as the market has gone through a lot of
changes. Condo sales began the decade with a 40% market
share over co-ops and ended with a 54% market share.
Housing prices have doubled with an average price per
square foot of an apartment rising 105.6% to $1,073 from
$522 in 2000. After the 14% year over year decline from
record levels last year, prices are stabilizing and listing
inventory and the pace of sales are now consistent with
average annual levels of the decade. As one of the strongest
housing markets in the country, consumers that invested in
Manhattan housing enjoyed significant appreciation over the
past ten years and we are excited about the housing
opportunities in 2010.
We produce our market reports because I believe access to
timely information in this ever changing market is one of the
greatest resources we can offer to our clients, and we remain
committed to providing the best information and services in
the industry. In addition to this report, we recently released a
series on the New York City metro area for 4Q 2009 sales
activity including Manhattan, Brooklyn, Queens, Long Island
and the Hamptons/North Fork. We also recently released our
4Q 2009 Manhattan Rental Market Overview and our Ten Year
Market Studies covering the Hamptons/North Fork and the
Manhattan Townhouse market. We trust that you and your
clients will find them useful.
Warmest regards,
Dottie Herman
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The Zweben Team is a team of licensed real estate salespersons affiliated with Compass. Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. New York State Fair Housing. New York Real Estate Standard Operating Procedures.