Manhattan avg. price-per-square-foot below $1,000/sf
Started by nyc10022
over 16 years ago
Posts: 9868
Member since: Aug 2008
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Didn't have time to dig into the reports yet... but here is a milestone... http://curbed.com/archives/2009/10/02/market_reports_manhattan_free_fall_may_be_over.php#more "average Manhattan price-per-square-foot has dropped below $1,000/sf"
Does anyone know what the average price per square foot is on a one bedroom in a coop vs a condo in Chelsea?
FWIW, one-bedroom asking prices in Chelsea, per SE:
Condos: Median price: $1,225,000 Median size: 973 ft² Median price per ft²: $1,238
Co-ops: Median price: $675,000 Median size: 770 ft² Median price per ft²: $916
Thanks NWT!
But note the condo medians are very much skewed upwards by 100 Eleventh Ave. Really need to dump to a spreadsheet and weed out outliers, etc.
The nice thing about a median is that a big outlier only counts as much as a small outlier.
Of course, if half of the sample is from one building, that could skew...