QUARTERLY
MARKET
REPORT
WEST SIDE
Pricing gains on the West Side were led by smaller apartments, as the average price rose 13% over the past year for one-bedrooms, and 12% for studio apartments. Fewer closings at 15 Central Park West kept two-bedroom and larger prices
below the prior quarter, but still higher than a year ago. Led by closings at 100 Riverside Boulevard, the median price for
apartments on Riverside Drive/Boulevard, from 59th to 116th Street, rose 35% over the past year, to $1,340,000.
AVERAGE SALE PRICE
$432,201
Studio
$483,700
+12%
1-Bedroom
$735,691
$829,661
2-Bedroom
$1,626,342
$1,711,099
3+Bedroom $4,050,609
$4, 100,499
$0
MEDIAN PRICE
SELECTED MARKET AREAS
Riverside Drive/Boulevard, 59th-116th St.
West End Ave., 59th-105th St.
Between CPW and Columbus Ave., 59th-110th St.
Columbus Ave. to East of WEA, 59th-86th St.
87th-110th St.
Between Riverside Drive and WEA, 59th-110th St.
Midtown West**
*There were not enough sales for a valid comparison.
** Not included in overall Westside data.
+13%
+5%
+1%
$1,000,000
$2,000,000
$3,000,000
$4,000,000
3rd Q 07
3rd Q 08
ALL APARTMENTS
Median Sale Price
3rd Q 07
$995,000
$875,000
$817,500
$879,000
$812,000
$750,000
$906,250
3rd Q 08
$1,340,000
$930,000
$837,500
$865,000
$847,800
$880,000
$930,000
COOPERATIVE
Median Price per Room
3rd Q 07
$250,222
$210,000
$238,333
$205,000
$187,792
$194,167
$189,556
3rd Q 08
$268,000
$228,286
$230,556
$206,667
$195,000
$190,000
$190,833
CONDOMINIUM
Median Price per Sq. Ft.
3rd Q 07
$1,193
*
$1,171
$1,444
$1,024
*
$1,215
3rd Q 08
$1,285
*
$1,231
$1,263
$1, 103
*
$1,264
