What has happened to that "hot hot" market?!

Downtown and brooklyn. Prime is becoming more horizontal.

Yea supper hot
"Median closing prices for the Manhattan overall market declined by 2.5% compared to year ago."

I'd say it was pretty stochastic

you won't see what reports have shown over the past 2-3+ months in the quarterly reports until 1-2 quarters later due to the lag between csgn and closing and the lag between closing and the city filing sales for use in these reports. The q1_2013 report prob has 2.5k or the 4k+ sales that actually will ultimately fall into the Q1 category -- the reason is the sales were filed by ACRIS after Apr 2nd, when the report prob was published.

These reasons alone are why Q1_2013 is really a reflection of the market 4-6 months prior..so think back to Oct-Nov-Dec production being reflected in that q1 report. Chances r much higher you will see what u have been hearing/reading in the q2 and q3 reports.

the se condo index is your better bet to get quantification on price action..

http://streeteasy.com/nyc/market/condo_index

Feb 2012 -- 1,910
Feb 2013 -- 2,004

http://www.inman.com/news/2012/08/8/high-end-homeowners-rushing-beat-2013-tax-increase

Helpful - an article from August.

sorry, realized a typo in this sentence and meant to say: "The q1_2013 report prob has 2.5k OF the 4k+ sales that actually will ultimately fall into the Q1 category

read the article moron. Explains for why you saw increased activity late last year given that the Bush era tax cuts were due to expire. And they did..

I was referring to Greensdale for whoever has him blocked and cannot see.. :)

>read the article moron. Explains for why you saw increased activity late last year given that the Bush era tax cuts were due to expire. And they did..

Tell us more old news please.

a bunch of retards, the fact is simple: less $10 million PH were sold and more of transactions are sub-million units

1. median prices fell because more smaller and cheaper apts are now selling
2. price per sq ft is way up since start of year and Jan. 2012 for desirable apts

Way up? Or up stochastically??

Brooks2:

Way up yours

"fewer" $10mm PH, not "less"
pet peeve.
thanks

I hate cat pee too.

Greasy...

You've brought it all down.

"Overall median price declined 7.3% since last quarter and by 2.5% since last year. Overall average price dropped by 19.8% since last quarter and by 10.4% since last year."

It was "hot" in the way it was "hot" in 2008. It wasn't.