Market Snapshot – SoHo

Market Snapshot – SoHo

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 SoHo’s 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 27 closed sales transactions in SoHo. Of these, over 15% were priced below $1 million, 37% priced between $1 – $3 million, 37% priced between $3 – $8 million, and 11% priced above $8 million. The RLS reports 96 currently active listings on the market, of which 8% are listed below $1 million, 23% are listed between $1 – $3 million, 50% are listed between $3 – $8 million, 7% are listed between $8-$12 million, and 11% listed above $12 million.

Current Prices by Segment Historical Deal Count by Segment Median Asking Price by Segment Historical Sale Price by Segment

 

 


PRICE TYPE PERFORMANCE

The median asking price for condos currently on the market is $5.23 million and $3.15 million for co-ops versus $9.75 million for townhouses..

Median Asking Price by Type

The median closed sales price in 2019 to-date is $3.64 million for condos, $2.49 million for co-ops versus $8.7 million for townhouses.

Historical Median Sale Price by Type

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