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1997-2006 Manhattan Townhouse Report Available For Download

The PDF version of the 1997-2006 Manhattan Townhouse Report [1] that I write for Prudential Douglas Elliman [2] is available for download. I have been writing this market report series for them since 1994.

Admittedly I am a little embarrassed that I let the report languish as we were sidetracked on other projects. A few months ago I decided to finally update the series and insert it back into a regular release schedule. It will be released shortly after the beginning of the year with the 2007 market data.

I am happy with the result since this level of detail hasn’t been presented before.

In addition, you can see the methodology that went into the report including the neighborhood boundaries [3] and the type of content [4] we have available.

An excerpt

…The Manhattan townhouse market is a fixed form of residential housing stock that has very few new structures added due to limited acceptance of new construction. It accounted for 2.8% of all the sales over the past ten years, with a 3.1% market share in 2006. The average square footage was 4,188 in 2006, the average width was 19.1 feet and the average number of stories was 3.9. Over the past ten years, there has been a significant increase in market share of Uptown townhouses, growing from 6.2% of all townhouse sales in 1997 to 45.1% in 2006. The average sales price of a townhouse, excluding Uptown, was $6,398,223 in the current year, up 14.5% from the prior year average sales price of $5,587,277 in 2005 and up 251.2% from the $1,821,980 average sales price in 1997…

Download report: 1997-2006 Manhattan Townhouse Report [pdf] [5]