Manhattan Townhouse Market Report

Third Quarter 2011

Due to the low number of townhouse transactions each quarter, prices can be skewed easily.

On the East Side, median price surged 37% to $8.3 million from a year ago due to transactions at $23 million, $36.5 million and $48 million.

On the West Side, median price increased 18% to $5.1 million from a year ago due to sales at $12.2 and $13.75 million.

Downtown townhouses declined 6% from a year ago and 36% in median price from Second Quarter 2011 as the highest sale this quarter was $8.4 million whereas last quarter there were two sales over $11 million.

As always, I will continue to follow closely Manhattan's townhouse sales activity and trends, and would welcome the oportunity to answer any questions about this report, the market in general or any questions about buying or selling real estate in Manhattan.

I’m very happy to talk to people at any stage of the Real Estate process and can discuss the opportunities in each neighborhood, price point and type of townhouse.

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