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[Three Cents Worth #264 NY] Tracking How High People Buy In Manhattan

It’s time to share my Three Cents Worth (3CW) on Curbed NY [1], at the intersection of neighborhood and real estate in the capital of the world [2]…and I’m here to take measurements.

Check out my 3CW column [3] on @CurbedNY:

Spectators and participants in the Manhattan housing market have been burning a lot of calories talking about views, something the super luxury new development projects have been marketing as a key feature. I thought I’d look back over time to at what the average floor level of closed co-op and condo sales by quarter, and see if there is a pattern. I sifted through six years of data (note to self for rainy day: go back 25 years and break out condos and co-ops). While I’ve analyzed the value of floor level in Manhattan here and here before, I’ve never trended floor level and didn’t quite know what to expect…

[My post title was originally “Manhattan Rebound Not Because of Dizzying Heights” but wasn’t Curbed staff didn’t think it was catchy enough, ed.]

3cwNY3-25-14 [4]
[click to expand chart]



My latest Three Cents Worth column on Curbed: Tracking How High People Buy In Manhattan [Curbed [3]]

Three Cents Worth Archive Curbed NY [5]
Three Cents Worth Archive Curbed DC [6]
Three Cents Worth Archive Curbed Miami [7]
Three Cents Worth Archive Curbed Hamptons [8]