Market Snapshot – Financial District
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 FiDi area performance through 2019 compared to the currently available inventory in the neighborhood. Read on for more!
PRICE SEGMENT PERFORMANCE
Thus far, through 2019, there have been 90 closed sales transactions in the Financial District. Of these, 50% were priced below $1 million, 43% priced between $1 – $3 million, and 7% priced between $3 – $8 million, with none over $8 million so far. The RLS reports 353 currently active listings on the market, of which 33% are listed below $1 million, 51% are listed between $1 – $3 million, 14% are listed between $3 – $8 million, none are listed between $8-$12 million, and 2% listed above $12 million.
PRICE TYPE PERFORMANCE
The median asking price for condos currently on the market is $1.50 million versus $928,000 for co-ops.
The median closed sales price in 2019 to-date is $1.09 million for condos versus $850,000 for co-ops.