February 2022 vs February 2021
FOR COOPS
- Average sales price increased to $1,562,536 from $1,429,567
- Median sales price decreased to $857,500 from $950,000
- Discount from Original Asking Price decreased to 5.7% from 12.5%
- Discount from Last Asking Price decreased to 3.1% from 6.1%
- Initial Index offer decreased to 4.35% from 7.41%
- Transactions over $1,000,000 decreased to 41% from 47%
- Transactions under $1,000,000 increased to 59% from 53%
- Median number of days on market to C/S, from last ask price increased to 112 from 100 days
- 62% of Coops Sales are financed of which 80% are contingent on financing
- 3% of buyers are international
- 26% of Coops sold at ask & above the asking price.
FOR CONDOS
- Average sales price decreased to $2,856,300 from $3,070,396
- Median sales price increased to $1,955,000 from $1,940,000
- Discount from Original Asking Price decreased to 4.5% from 14.8%
- Discount from Last Asking Price decreased to 4.7% from 11.5%
- Initial Index offer decreased to 5.07% from 9.73%
- Transactions over $1,000,000 remained the same at 77%
- Transactions under $1,000,000 remained the same at 23%
- Median number of days on market to C/S, from last ask price increased to 108 from 86 days
- 65% of Condo Sales are financed of which 73% are contingent on financing
- 22.8% of Condo Sales are New Developments
- 14% of buyers are international
- 28% of Condos sold at ask & above the asking price.
Number of Active listings for Coops and Condos on the market decreased by 26.4%. FULL REPORT
