Lower East Side Market Snapshot

Lower East Side 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 the Lower East Side through 2019 compared to the currently available inventory in the neighborhood.

PRICE SEGMENT PERFORMANCE

Thus far, through 2019, there have been 216 closed sales transactions in the Lower East Side. Of these, 46% were priced below $1 million, 46% priced between $1-$3 million, 7% priced between $3-$8 million, and none were over $8 million so far.  The RLS reports 96 currently active listings on the market, of which 34% are listed below $1 million, 53% are listed between $1-$3 million, 11% are listed between $3-$8 million, 1% are listed between $8-$12 million, and none listed above $12 million.

Current Listings by PriceHistorical - Deal Count by Price Segments

Of the currently active listings, 40% of these are 1-bedroom units, 39% are 2-bedroom units, 14% are studio apartments, while the 3-bedroom and 4-bedrooms evenly split the remaining 8%.

Current Listings by Bedroom Count

Median Price By Bedroom Counts

PRICE TYPE PERFORMANCE

The median asking price for condos currently on the market is $782,000 for co-ops, $2 million for condos, and $8.75 million for townhouses.

Current - Median Sale Price by Type

 

The median closed sales price in 2019 to-date is $736,000 for co-ops versus $1.78 million for condos.

 

Historical - Median Sale Price by Type

Reset Password

Start an account to create alerts and save your searches and more...

Get notified when new listings match your saved searches.
Save listings and get updated of any changes in price, status and new open houses.
Hide listings that aren't for you so you don't have to see them over and over again.
Get recommendations and stay up-to-date with your dashboard.

Start an account to create alerts and save your searches and more...

Get notified when new listings match your saved searches.
Save listings and get updated of any changes in price, status and new open houses.
Hide listings that aren't for you so you don't have to see them over and over again.
Get recommendations and stay up-to-date with your dashboard.

Sign in instantly with Facebook or Google!

Or sign up the old fashioned way