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November 2013 |
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Claudia Saez-Fromm | 110 Fifth Avenue, New York, NY 10011 | (212) 203-1798 | claudia@townrealestate.com |
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THE {REAL ESTATE} LIFE: THE AGGREGATE
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Luxury sales are a unique subset of the Manhattan residential market consisting of the top ten percent of apartment sales by price, excluding townhouses. These sales typically consist of high-end products such as larger two- and three-or-more bedrooms. In the third quarter of 2013, the entry level price in this category was approximately $2.9 million and average price increased 9.04% quarter-over-quarter from $5,064,503 to $5,522,139. Simultaneously median price increased 7.79% from $3,850,000 to $4,150,000 quarter-over-quarter while the number of days on market decreased 16.18% to 114 days to closing likely marking an increase in sales by individuals wishing to lock in interest rates at desirable levels. |
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Copyright 2013 TOWN Residential, LLC. All rights reserved.
TOWN Residential • 730 Fifth Avenue, New York, NY 10019 • Tel: (212) 242–9900 • Fax: (212) 242–9901 unsubscribe from this list | update subscription preferences
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