FAST FIVE: Manhattan Condo Sales Increase For First Time In Four Quarters
Vaccine rollouts are in full effect as people become more comfortable in returning to the borough.
In a prior report, Jonathan Miller, president and CEO of real estate appraisal firm Miller Samuel and author of the report, said the latest sales rebound should not be viewed as an “imminent recovery.” Sales in the borough increased last quarter for a multitude of reasons.
Studios and one-bedroom apartments saw the fastest annual sales out of all categories. With inventory in the borough at near-record highs.
” Here's a summary of the report: Manhattan sales exceed year-ago levels for the first time in four quarters.
Co-op sales more than doubled since the end of the spring lockdown, and condos saw the highest market share of financed sales in seven years of tracking.