Latest Contract Signed Reports
FEBRUARY 2019
YEAR OVER YEAR FOR COOPS
Average sales price decreased to $1,331,645 from $1,863,635
Median sales price decreased to $771,250 from $860,000
Discount from Original Asking Price decreased to 9.5% from 10.5%
Discount from Last Asking Price increased to 7.0% from 1.6%
Initial Index offer increased to 6.35% from 3.40%
Transactions over $1,000,000 decreased to 36% from 43%
Median number of days on market to C/S, from last ask price increased to 84 from 82 days
59% of Coop Sales are financed of which 81% are contingent on financing
8% of buyers are international
21% of Coops sold at ask & above the asking price.
YEAR OVER YEAR FOR CONDOS
Average sales price increased to $3,210,870 from $2,824,659
Median sales price increased to $1,875,000 from $1,750,000
Discount from Original Asking Price increased to 10.5% from 10.1%
Discount from Last Asking Price increased to 5.6% from 3.8%
Initial Index offer increased to 5.59% from 3.53%
Transactions over $1,000,000 increased to 80% from 77%
Median number of days on market to C/S, from last ask price increased to 74 from 62 days
48% of Condo Sales are financed of which 81% are contingent on financing
27.8% of Condo Sales are New Developments
23% of buyers are international
21% of Condos sold at ask & above the asking price.
*Number of Active listings for Coops and Condos on the market increased by 2.8%.
January ’19 vs January ‘18
YEAR OVER YEAR FOR COOPS
Average sales price decreased to $1,324,711 from $1,440,720
Median sales price decreased to $807,000 from $835,000
Discount from Original Asking Price increased to 10.9 from 10.6%
Discount from Last Asking Price increased to 6.1% from 3.9%
Initial Index offer increased to 5.48% from 3.54%
Transactions over $1,000,000 decreased to 38% from 44%
Median number of days on market to C/S, from last ask price decreased to 89 from 92 days
59% of Coop Sales are financed of which 68% are contingent on financing
9% of buyers are international
24% of Coops sold at ask & above the asking price.
YEAR OVER YEAR FOR CONDOS
Average sales price decreased to $3,387,173 from $3,455,190
Median sales price decreased to $1,654,000 from $2,000,000
Discount from Original Asking Price decreased to 9.4% from 10.0%
Discount from Last Asking Price increased to 6.8% from 5.0%
Initial Index offer increased to 7.80% from 3.08%
Transactions over $1,000,000 increased to 77% from 72%
Median number of days on market to C/S, from last ask price decreased to 83 from 99 days
53% of Condo Sales are financed of which 68% are contingent on financing
19.8% of Condo Sales are New Developments
12% of buyers are international
21% of Condos sold at ask & above the asking price.
*Number of Active listings for Coops and Condos on the market increased by 4.1%.
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%.