In Manhattan during the second quarter of 2022 apartment sales increased 9% and the average sales price increased 3% compared to Q2/2021.
Sotheby’s International Realty Q2/2022 Market Update
Category: Market Reports
Developers Sell New Condos Above List Price
The full 46th floor, 4,500 SF 3 BR 3.5 Bath residence at 111 West 57th Street went to contract last week after the original 2016 list price of $28.5 million was increased to $30 million. On the Upper East Side during the same time period a 5,452 SF 5 BR 7.5 Bath penthouse with 3 terraces at Beckford Tower, 301 East 80th Street, went to contract after the original 2019 list price of $25 million was increased to $27.495 million. [Mansion Global]
Sotheby’s International Realty Q1/2022 Market Update
In Manhattan during the first quarter of 2022 the residential real estate market thrived. Apartment sales increased 36% and the average sales price increased 17% year over year.