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.
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.
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.
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.
Greenwich Village Market Snapshot