December ‘18 vs December ‘17

YEAR OVER YEAR FOR COOPS

Average sales price increased to $1,660,153 from $1,314,204

Median sales price increased to $882,500 from $799,000

Average discount from Original Asking Price increased to 13.3% from 7.8%

Average discount from Last Asking Price increased to 7.1% from 4.1%

Initial Index offer increased to 5.56% from 5.00%

Transactions over $1,000,000 decreased to 43% from 44%

Median number of days on market to C/S, from last ask price decreased to 69 from 70 days

56% of Coop Sales are financed of which 72% are contingent on financing

11% of buyers are international

16% of Coops sold at ask & above the asking price.

YEAR OVER YEAR FOR CONDOS

Average sales price increased to $3,960,589 from $3,612,430

Median sales price increased to $2,150,000 from $1,650,000

Average discount from Original Asking Price decreased to 9.7% from 14.3%

Average discount from Last Asking Price decreased to 6.3 from 12.9%

Initial Index offer increased to 7.43% from 5.11%

Transactions over $1,000,000 increased to 87% from 78%

Median number of days on market to C/S, from last ask price increased to 79 from 60 days

41% of Condo Sales are financed of which 62% are contingent on financing

38.5% of Condo Sales are New Developments

41% of buyers are international

13% of Condos sold at ask & above the asking price.

Number of Active listings for Coops and Condos on the market decreased by 12.3%.