According to the Street Easy Condo index prices in Manhattan have seen increases of 9.63% in quarter three 2013 vs. quarter three 2012. However, some neighborhoods have seen higher increases versus others.
According to data provided by UrbanDigs.com, the neighborhoods with the highest gains in median price include FiDi / Civic Center with +134%, East Harlem with +24%, and Harlem / Hamilton Heights with 21%.
The neighborhoods with the only losers in median sales price this quarter were Battery Park City with -71%, Upper East Side with -11% and Chelsea / Midtown South with -10%.
Tribeca leads with the highest median sales price of $2.62 million, an increase from last quarter’s $2.23 million. Washington Heights / Fort George / Inwood Hills has the lowest median sales price of $324,000, a drop from last quarter’s $339,000.
For a complete breakdown of the market in Q3 2013 take a look at the stats below showing the different size apartments, the median sales price, and their activity.
The data compiled here is from Q3 and not Q4 due to the three month lag from when an apartment sells to when its price is recorded.