Today we proudly present our Ten Year Manhattan Market

Report 2000-2009, produced in conjunction with Miller

Samuel to provide you and your clients with the most

comprehensive information available.

The Manhattan housing market has been a great investment

over the past decade as the market has gone through a lot of

changes. Condo sales began the decade with a 40% market

share over co-ops and ended with a 54% market share.

Housing prices have doubled with an average price per

 square foot of an apartment rising 105.6% to $1,073 from

$522 in 2000. After the 14% year over year decline from

record levels last year, prices are stabilizing and listing

inventory and the pace of sales are now consistent with

average annual levels of the decade. As one of the strongest

housing markets in the country, consumers that invested in

Manhattan housing enjoyed significant appreciation over the

past ten years and we are excited about the housing

opportunities in 2010.

We produce our market reports because I believe access to

timely information in this ever changing market is one of the

greatest resources we can offer to our clients, and we remain

committed to providing the best information and services in

the industry. In addition to this report, we recently released a

series on the New York City metro area for 4Q 2009 sales

activity including Manhattan, Brooklyn, Queens, Long Island

and the Hamptons/North Fork. We also recently released our

4Q 2009 Manhattan Rental Market Overview and our Ten Year

Market Studies covering the Hamptons/North Fork and the

Manhattan Townhouse market.  We trust that you and your

clients will find them useful.
 
Warmest regards,

Dottie Herman