Manhattan Real Estate Market Update April 2018
Real Estate In Manhattan is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.54 months supply of inventory on the market in Manhattan on April 30, 2018.
Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Manhattan last month was 54 days.
It took on average 14 days to sell Manhattan Condo, Townhouse or a Duplex.
The number of home sales in Manhattan from March 1, 2018 through March 31, 2018 was 17 units. That is 1% above the number of homes sold last month in Manhattan.
The average price per square foot in the area is now $100/Sq.Ft, which is 7% an increase from last month.
In Manhattan there were 6 units sold in March in the price range between $109,000 – $170,912 with an average of 2.7 bedrooms and 1.2 bathrooms and average Square footage of 1,410SF.
In Manhattan there were 9 units sold in March in the price range between $170,913 – $326,411 with an average of 3.9 bedrooms and 2.3 bathrooms and average Square footage of 2,466SF.
In Manhattan there were 2 units sold in March in the price range between $326,412 – $420,000 with an average of 4 bedrooms and 2.6 bathrooms and average Square footage of 3,306SF.
The low price range had the most activity. Homes up to $170,912 were on the market on average 21 days and sold an average of $131,083.
If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Manhattan. Search all Manhattan homes for Sale on propertyup.com If you are considering viewing Manhattan, you may want to do so now!
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