Village Should Exceed Recent Sales High

By Dave Fratello | July 9th, 2014

What looked like a trend in formation six weeks ago now seems confirmed: Manhattan Village will likely see more sales this year than in any year in the past decade.

The 2005 sales total of 37 could even be approached or exceeded. Give it time.

Right now we see a total of 13 closed sales, 5 pending and 11 active listings. Shortly, Dave will post a new Village listing, also. This will put the total of inventory, pendings and sales at 30 for the year. (Update: That listing is 26 Dover Place and is up now.)

If all of those sell within 2014, the total will exceed 2012's by a bit.

We first spotted this trend back in late May and discussed it in "Banner Year for the Village?"

As we noted then, the highest totals of sales in recent years were:

  • 2000: 49 sales
  • 2002 & 2003: 43 sales
  • 2005: 37 sales

You never know what kicks up a trend in sales like this, but it can't hurt that the larger 3br townhomes and some SFRs in the Village are seeing the highest sales prices ever.

Just yesterday, the sale at 13 Bridgeport (SFR, 3br/2ba, 3300 sq. ft.) closed for $2.300M, the highest price for a Village SFR by $100K, and the only sale over $2M since 2007.

Meantime, all of the priciest sales of townhomes within the Village have occurred within the last several months:

Before those, not once had a single Village townhome ever sold for more than $1.411M.

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