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Neighborhood
Market Conditions
S Generally
the West Side market has stabilized — sorry
buyers, no bubble bursting here! We have
slightly eased price points, more inventory to
show, sellers who are now willing to negotiate
and plenty of buyers calling, shopping and
bidding. Seems like what I know as a “normal”
market. I expect the summer to be busy; buyers
want to purchase in a more “buyer friendly”
market where prices are favorable and before the
interest rates go any higher. There are pockets
of low inventory in the West Side: Most notably
lean is the inventory in the grand, high end
prewar properties.
Average prices
Studios: $360K
1 bedrooms: $550K
2 bedrooms: $1M
3 Bedrooms: $2.2M
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