Where the Prices Are Dropping

Is it time to strike?

The more fringe areas of Manhattan real estate experienced price drops in the single to double digit range at the end of Q3, reports the NYT.

DOWN
- Harlem and East Harlem down by nearly 20% (to $440,000).
- Midtown East and Turtle Bay down by 18.6% (to $1.197MM)
- Midtown West and Hell’s Kitchen dropped 8% (to $1.01MM)
- Lower East Side and the East Village, prices dropped 5.5%
- Carnegie Hill, prices down 7.2% (co-ops)
- Hamilton Heights and Morningside Heights down by 30%
- Washington Heights prices down 6.3%

UP
- Upper East Side (Fifth Avenue and Park Avenue from 59th to 96th Streets) prices up by 35%
- Rest of UES co-op prices up 2.3%; condos up 9.1%
- Lincoln Square co-op prices up by 18.6%; condo prices up by 25%
- Lenox Hill co-op prices up by 19%
- Chelsea, co-op & condo prices up by 6%
- Greenwich Village, co-op prices up by 3.9%
- Union Square & Gramercy co-op prices up by 3.3% and condo prices up by 2.6%
- Battery Park City prices up by 6.5%

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