http://www.businessweek.com/news/2010-07-01/manhattan-apartment-sales-jump-80-as-city-employment-improves.html
July 1 (Bloomberg) -- Manhattan apartment sales jumped 80 percent in the second quarter from a year earlier, reaching the highest level since 2008, as the city’s job market improved.
About 2,750 condominiums and cooperative apartments sold in the period, New York appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate said today. The average price per square foot was little changed at $1,051, reflecting an 18 percent drop from 2008’s peak. The median apartment price rose 7.6 percent from a year earlier to $899,000.
“What we’re seeing is the first step in an improving housing market,” Jonathan Miller, president of Miller Samuel, said in a telephone interview.
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Response by Riversider
about 16 years ago
Posts: 13573
Member since: Apr 2009
Urban Digs What's your take on this?
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Response by urbandigs
about 16 years ago
Posts: 3629
Member since: Jan 2006
have early appts - will have to dig later...but its not a surprise Corcoran is the least rosy of the bunch...
"Focusing on Q2 of 2009, you can see that Corcoran's price levels are significantly above those for Halstead & Elliman. Therefore, on a y-o-y basis, expect Corcoran to show a less rosy report than these other two big brokerages. Q3-2010 is a different story and likely will be a very good report on a y-o-y basis."
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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008
Continued jon miller, 'all the lemmings buyers have not been wrung out of the mkt yet. It will and when it does I will be 'rich, rich, rich!!!!, flmao stupid lemmings'
That's verbatim
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Response by somewhereelse
about 16 years ago
Posts: 7435
Member since: Oct 2009
of course, this was mostly with the dow at 11k... and pre Europe falling apart.
Urban Digs What's your take on this?
have early appts - will have to dig later...but its not a surprise Corcoran is the least rosy of the bunch...
http://www.urbandigs.com/2010/06/upcoming_q2_report_corcorans_w.html#comments
"Focusing on Q2 of 2009, you can see that Corcoran's price levels are significantly above those for Halstead & Elliman. Therefore, on a y-o-y basis, expect Corcoran to show a less rosy report than these other two big brokerages. Q3-2010 is a different story and likely will be a very good report on a y-o-y basis."
Continued jon miller, 'all the lemmings buyers have not been wrung out of the mkt yet. It will and when it does I will be 'rich, rich, rich!!!!, flmao stupid lemmings'
That's verbatim
of course, this was mostly with the dow at 11k... and pre Europe falling apart.
Things are a little different now, aren't they...