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!

Manhattan
Feb 1, 2018 – Feb 28, 2018
Mar 1, 2018 – Mar 31, 2018
Month
February
March
Average Listing Price
$290,084
$289,943
Median Sales Price
$219,563
$232,823
Month supply of inventory
5.2
5.5
Market Time Detached
54 days
54 days
Market Time Attached
26 days
14 days
Inventory
121 properties
128 properties
Low price range
$55,800 – $137,682
$109,000 – $170,912
Low price range market time
50 days
21 days
Low price range units sold
2
6
Low price range bedrooms
2.5
2.7
Low price range bathrooms
1.5
1.2
Low price range approx sqft
966 SF
1,410 SF
Mid price range
$137,683 – $317,281
$170,913 – $326,411
Mid price range market time
44 days
38 days
Mid price range units sold
8
9
Mid price range bedrooms
3.3
3.9
Mid price range bathrooms
2.2
2.3
Mid price range approx sqft
2,186 SF
2,466 SF
High price range
$317,282 – $415,000
$326,412 – $420,000
High price range market time
65 days
148 days
High price range units sold
1
2
High price range bedrooms
5
4
High price range bathrooms
3
2.6
High price range approxsqft
3,200 SF
3,306 SF

The post Manhattan Real Estate Market Update April 2018 appeared first on Real Estate Vibe - Property Up.



source http://realestatevibe.com/manhattan-real-estate-market-update-April-2018/

Comments