The promising market I depicted in January has come to fruition. By all markers, activity levels continue to surge and the data is encouraging.
Read MoreWhat does the great Florida migration mean for me, a New York condo/coop owner?
Read MoreIn deconstructing the data from February’s sales activity, I am struck by a few compelling data points which show where the market is most healthy...see below
Read MoreThe average price of apts which received signed contracts in October ‘20 was $1,170M for coops, $2,904M for condos
YOY, average price of coops went UP from October ‘19 by 4.7%, whereas average price of condos went UP 27.8%
Average discount in October was 10.3% from original price for coops, 11.9% for condos, both increased by over 30% from October ‘19