Greenwich Village Market Snapshot

Warburg’s Monthly Market Update offers a quick snapshot of the active listing metrics compared to the recent historical performance of the target area.  This month we focus on the performance in Greenwich Village through 2019 compared to the currently available inventory in the neighborhood.

 

PRICE SEGMENT PERFORMANCE

Thus far, through 2019, there have been 530 closed sales transactions in Greenwich Village. Of these, 38% were priced below $1 million, 42% priced between $1-$3 million, 15% priced between $3-$8 million, 3% priced between $8-$12 million, and 2% were over $12 million so far.  The RLS reports 245 currently active listings on the market, of which 31% are listed below $1 million, 37% are listed between $1-$3 million, 19% are listed between $3-$8 million, 5% are listed between $8-$12 million, and 8% listed above $12 million.

Price Segment Performance

Of the currently active listings, 30% of these are 1-bedroom units, 24% are 2-bedroom units, 18% are studio apartments,  12% are 3-bedroom, and 16% are 4-bedrooms.

 

Room Counts

PRICE TYPE PERFORMANCE

The median asking price for condos currently on the market is $1.01 million for co-ops, $2.66 million for condos, and $9.4 million for townhouses.

Median Asking Price

The median closed sales price in 2019 to-date is $1.25 million for co-ops, $3.75 million for condos versus $11.9 million for townhouses.

Median Sale Price

 

Greenwich Village Market Snapshot

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