The listing inventory across Manhattan neighborhoods has risen to 6,660 active listings, , a moderate increase from the start of the second quarter of 2024 when 5,960 apartments were listed for sale. Throughout 2023, historically low inventory led to a one-third decrease in sales compared to 2022. Now, with the number of available apartments climbing well above 2023 figures, and buyers becoming more acclimated to higher mortgage rates, sales are projected to jump 10% year-over-year in the 2Q 2024.
Over two-thirds of Manhattan neighborhoods are projected to see annual gains in the number of sales. Many of the biggest year-over-year increases, such as in Battery Park City and Morningside Heights, can be attributed to sponsor sales in newly completed properties like Tribeca Green, Solaire, and Claremont Hall.
While sales were up over the quarter, the average closing price for a Manhattan apartment was down by 5% year-over-year. The average price per square foot for a closed condo dipped 3% year-over-year, falling from an average of $1,816/ft² to $1,764/ft². Median prices were up, however. The median sale price of a condo was up marginally, coming in at $1.725M. The median price of closed co-op unit was $841,000, up 3% year-over-year
Below, we delve into Manhattan's ten priciest neighborhoods to purchase a condo or co-op over the second quarter of 2024 and feature a median-priced availability within each.
Over two-thirds of Manhattan neighborhoods are projected to see annual gains in the number of sales. Many of the biggest year-over-year increases, such as in Battery Park City and Morningside Heights, can be attributed to sponsor sales in newly completed properties like Tribeca Green, Solaire, and Claremont Hall.
While sales were up over the quarter, the average closing price for a Manhattan apartment was down by 5% year-over-year. The average price per square foot for a closed condo dipped 3% year-over-year, falling from an average of $1,816/ft² to $1,764/ft². Median prices were up, however. The median sale price of a condo was up marginally, coming in at $1.725M. The median price of closed co-op unit was $841,000, up 3% year-over-year
Below, we delve into Manhattan's ten priciest neighborhoods to purchase a condo or co-op over the second quarter of 2024 and feature a median-priced availability within each.
In this article:
Q2 2024 Condo Sales - Biggest Price / ft2 Gainers
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88 & 90 Lex, #605 (Compass)
The Lispenard Collection, #3 (Corcoran Group)
Sheffield 57, #50F (Corcoran Group)
56 Crosby Street, #2A (Compass)
Lifesaver Lofts, #PH67B (The Agency Brokerage)
Fifteen, #17 (Serhant LLC)
The Spring, #6D (Compass)
15 Charles Street, #6G (Compass)
27 Great Jones Street, #5E (Sothebys International Realty)
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West Village waterfront
130 Barrow Street, #PH513 (Corcoran Group)
Q2 2024 Co-op Sales - Biggest Price Gainers
Beekman Terrace, #4F (Corcoran Group)
The Opera, #8E (Compass)
The John Adams, #2K (Brown Harris Stevens Residential Sales LLC)
West Village Houses, #GB (Serhant LLC)
677 West End Avenue, #3A (Brown Harris Stevens Residential Sales LLC)
80 Central Park West, #12C (Compass)
1192 Park Avenue, #7E (Corcoran Group)
97 Crosby Street, #1 (Brown Harris Stevens Residential Sales LLC)
The Sherry Netherland, #1409/1411
$2,500,000
Park/Fifth Ave. to 79th St. | Cooperative | 3 Bedrooms, 3 Baths
The Sherry Netherland, #14091411 (Sothebys International Realty)
The Romanoff, #1 (Corcoran Group)
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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