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Testimonial of the Month
" As the holiday season is upon us, I want to take the time to genuinely thank you for all that you have done for my clients in 2011. Across the board my clients have been blown away with the quality of your work, and I genuinely thank you for making me proud of my recommendation of you. Enjoy your holidays to the fullest, but please rest up too, as in 2012 you will unquestionably continue to be my most highly suggested stager." |
 Market Overview: New York, NY
The following is a comparison of November 2011 vs. November 2010:
Condos:
- The median sale price increased 14% to $1,230,000
- The average price per square foot increased 9% to $1,357
- Days on the market decreased a whopping 28% to 146 compared to last year
- Discount from last ask to sale also decreased at a whopping 47% to 4.1% due to less available inventory
- Listed inventory decreased 11% to 3,711 units
- Number of contracts signed decreased 16% to 299
Co-ops:
- The median sale price decreased 6% to $655,000
- The average price per square foot increased 4% to $1032
- Days on the market decreased 6% to 150
- Discount from last ask to sale decreased at a whopping 41% to 2.9%
- Listed inventory increased 1% to 4,426 units
- Number of contracts signed decreased 8% to 445
Read what some real estate agents are saying about what the residential real estate market will look like in 2012. |
Market Overview: The East End
Note: The following analysis is a comparison of annualized numbers through November 2011 to all of 2010.
According to the November 2011 report by Suffolk Research Service, Inc. it seems that Southampton Town continues to perform more strongly than other East End towns:
East Hampton Town:
- The median sales price decreased 7.4% to $875,000
- The number of sales decreased 12% to 495
- The dollar volume of sales decreased 26% to $719 million
Southampton Town:
- The median sales price increased 7.5% to $860,000
- The number of sales decreased by 7% to 965
- The dollar volume of sales increased 14% to $1.809 billion
Southold Town:
- The median sales price remained unchanged at $440,000
- The number of sales decreased 12% to 279
- The dollar volume of sales decreased 12% to $279 million
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