New York City Real Estate Market Reports
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The average sales price of an apartment in New York City during the first quarter of 2012 was $870,000, a decline of 1 percent year on year. The average price of an apartment in Manhattan in the first quarter of 2012 was $1,337,000; a less than 1 percent decrease from the first quarter 2011. Brooklyn’s average sales price of an apartment in the first quarter of 2012 was $475,000; a decrease of 5 percent from the previous year’s first quarter. The average price of an apartment in Queens declined 2 percent year on year to $265,000. |
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The average sales price of an apartment in New York City during the fourth quarter of 2011 was $821,000, a 8 percent decline year on year. The average price of an apartment in Manhattan in the fourth quarter of 2011was $1,240,000; a 10 percent decrease from the fourth quarter 2010. Brooklyn’s average sales price of an apartment in the fourth quarter of 2011 was $489,000; an increase of 2 percent from the previous year’s fourth quarter. The average price of an apartment in Queens declined 4 percent year on year to $272,000. |
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3rd Quarter 2011 The average sales price of a home in New York City ($780,000) increased 4 percent in the third quarter of 2011 when compared to the second quarter of 2011. The average sales price of a home in Manhattan ($1,393,000) increased quarterly by 2 percent. In Brooklyn, the average sales price ($589,000) increased by 5 percent. The average sales price in Queens ($399,000) increased by 3 percent. The average sales price in the Bronx ($350,000) increased by 2 percent. |
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2nd Quarter 2011 The average sales price of a home in New York City during the second quarter of 2011 was $747,000, a 3 percent increase from the second quarter 2010 average. Year on year, the average price of a home in Manhattan was less than 1 percent lower to $1,369,000. Brooklyn prices increased 6 percent to $563,000. Queens prices decreased less than 1 percent to $386,000. |
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1st Quarter 2011 The average sales price of an apartment in New York City during the first quarter of 2011 was $875,000, a 3 percent increase year on year. The average price of an apartment in Manhattan in the first quarter of 2011 was $1,340,000, a 2 percent increase from the first quarter 2010. Brooklyn’s average sales price of an apartment in the first quarter of 2011 was $498,000, an increase of 9 percent from the previous year’s first quarter. |
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4th Quarter 2010 The average sales price of an apartment in New York City during the fourth quarter of 2010 was $889,000, a 13 percent increase year on year. The average sales price of an apartment in Manhattan in the fourth quarter of 2010 was $1,375,000, a 10 percent increase from the fourth quarter 2009. Brooklyn’s average sales price of an apartment in the third quarter of 2010 was $479,000, an increase of 12 percent from the previous year’s fourth quarter. |
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3rd Quarter 2010 The average sales price of a home in New York City during the third quarter of 2010 was $722,000, a 7 percent increase from the third quarter 2009 average. The year on year change in the average price of a home in Manhattan was up 8 percent to $1,332,000; Brooklyn prices rose 1 percent to $544,000; in Queens, prices fell 3 percent to $396,000. The number of home sales increased citywide by 18 percent, and in Manhattan the number of sales rose 25 percent. |
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2nd Quarter 2010 The New York City residential sales market in the second quarter of 2010 continued showing the characteristics of a healthy market and continued the trend that emerged during the previous two quarters. The total consideration for residential property was $7.5B, up 4.8% quarterly and 72.8% when compared to the frozen market of the second quarter in 2009. |
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1st Quarter 2010 The total dollar value of New York City residential sales was $7.2B in the first quarter of 2010, up over 63 percent compared to the first quarter of last year. Manhattan sales represented about 56 percent of this total value. Brooklyn and Queens each accounted for 17 percent of the total dollar value of sales, while Staten Island represented 7 percent and the Bronx 3 percent. However, this New York City total dollar value was a 9 percent drop from the $7.9B figure for the total value of sales last quarter. |
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4th Quarter 2009 The average sales price of a home in New York City during the fourth quarter of 2009 was $679,000, a 1 percent increase compared to the average of the fourth quarter of 2008. The year on year change in the average price of a home in Manhattan was down 7 percent to $1,320,000; in Brooklyn, prices fell 10 percent to $499,000; and in Queens, prices fell 5 percent to $398,000. |
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3rd Quarter 2009 The average sales price of a home in New York City during the third quarter of 2009 was $670,000, a 14% drop compared to the average price during the third quarter of 2008. The year on year change in the average price of a home in Manhattan was down 17% to $1,233; in Brooklyn prices fell 5% to $534,000; in Queens prices fell 6% to $406,000. |
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2nd Quarter 2009 The average sales price of a home in New York City during the second quarter of 2009 was $644,000, a 22% drop compared to the average price during the second quarter of 2008. The year on year change in the average price of a home in Manhattan was down 19% to $1,297,000; in Queens prices fell 13% to $403,000; in Brooklyn prices fell 12% to $503,000. |
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1st Quarter 2009 The average sales price of a home in New York City during the first quarter of 2009 was $660,000, a 23% drop compared to the average price during the first quarter of 2008. The individual borough's average home price declines though were not as steep as the city wide number. |
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4th Quarter 2008 The average sale price of a home in New York City during the fourth quarter of 2008 was $669,000, a 10% decline from a year earlier. This decline continues a downward trend in all home prices since the beginning of the year. However, to provide another perspective, the fourth quarter 2008 price is still above the average price in the fourth quarter of 2006 and almost 17% higher than the average price in the first quarter of 2006. |
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3rd Quarter 2008 The average sale price of a home in New York City was $783,000 in the third quarter of 2008, slightly higher than a year earlier ($782,000). However, since the first quarter 2008 the average sale price has been declining, due in part to the reduction in the number of condominium sales whose average sale price is higher than all the property types that comprise the Home category as well as the decline in the sale price citywide of 1-3 family dwellings. |
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2nd Quarter 2008 New York City's average sale price for a home (apartments and one to three family homes) rose 12% to $824,000 in the second quarter of 2008, compared to a year ago. This increase is attributable primarily to the continuing price increases for Manhattan apartments. |
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1st Quarter 2008 The average sales price of a home in New York City reached $853,000 during the first quarter of 2008. This was an increase of 28% over the average price of a home in the first quarter of last year. |
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