Manhattan condo sales up YoY; prices down 6.9%

So what's the total price reduction from peak? (so far)

alan, it really depends on what measure you use. From 2Q 2008, we're down 17% ($212) on avg ppsf, and just over 12% ($126k) on median price. I don't particularly love either measure, as they can obviously be skewed, but it's not a bad look at the "averages."

http://millersamuel.com/reports/pdf-reports/MMO2Q10.pdf
http://millersamuel.com/reports/pdf-reports/MMO2Q08.pdf

What about Long Island City?

Steve, that report is here for you: http://en.wikipedia.org/wiki/Obsessive_love

ヤンデレ

"Condo prices, as measured by square foot, were down by 6.9% in April compared with the same month a year ago. Prices declined in five of the eight neighborhoods tracked by Radar logic."

Not what I would consider the rebound some folks were looking for...

Steven James John Jeffrey Jonas Hanley, watch your French.

Anyway, LIC housing values aren't measured in dollars or in any currency for that matter ... they're measured in points or gold stars or credits or something.

"Not what I would consider the rebound some folks were looking for..."

Definitely. But we're also not anywhere near some of the price levels some other folks were looking for. A lot of the pricing is still nuts.

> ... they're measured in points or gold stars or credits or something.

lol

Richard Robert Joseph Michael Alan....

Where's spunky?

"ヤンデレ"

Hiyo ina maana gani?

"Ya Watafsiri, ni kuangalia kwa neno rahisi au mbili, kuitunza rahisi."

That's Hawaiian for "Long Island City Sucks."

JM - now that you're back: ready to repudiate your "20x equilibrium" thread?

that one was pretty damn funny.

steve, Lini kukubali kwamba 50% ilikuwa ni utabiri idiotic?

Juice: Mdau ameuliza swali, Yogi Berra la msingi maana nami nilichanganywa na nafasi ya vita na kupanda kwa bei ya till it's mafuta katika kranchi over.