Matrix Blog

Posts Tagged ‘New Development Sales’

Rocket Ship: Manhattan New versus Existing Average Sales Price

July 1, 2014 | 8:49 am | Charts |

2q14Manhattan-newexisting
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I’ll let this soak in.

New development sales are significantly detached from the balance of the market. I selected average sales price to exaggerate the trend to make my point.

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[Chart] Separating New Development From Existing Sales Shows Sharply Higher Trend

April 2, 2014 | 9:00 am | Charts |

After separating new development data from existing sales from our 1Q14 Manhattan sales report, the high end new development product that is beginning to close now and pushing overall prices to record levels.

1q14manhattan-ASPnew-existing
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