March 2022 vs March 2021
FOR COOPS
- Average sales price decreased to $1,442,820 from $1,454,626
- Median sales price decreased to $935,000 from $975,000
- Discount from Original Asking Price decreased to 4.7% from 10.2%
- Discount from Last Asking Price decreased to 2.6% from 4.5%
- Initial Index offer decreased to 3.77% from 6.45%
- Transactions over $1,000,000 decreased to 46% from 48%
- Transactions under $1,000,000 increased to 54% from 52%
- Median number of days on market to C/S, from last ask price decreased to 62 from 74 days
- 62% of Coops Sales are financed of which 73% are contingent on financing
- 6% of buyers are international
- 35% of Coops sold at ask & above the asking price.
FOR CONDOS
- Average sales price increased to $3,308,288 from $2,991,751
- Median sales price decreased to $2,085,000 from $2,087,500
- Discount from Original Asking Price decreased to 4.8% from 10.5%
- Discount from Last Asking Price decreased to 3.3% from 8.0%
- Initial Index offer decreased to 3.65% from 8.24%
- Transactions over $1,000,000 decreased to 78% from 82%
- Transactions under $1,000,000 increased to 22% from 18%
- Median number of days on market to C/S, from last ask price decreased to 51 from 59 days
- 55% of Condo Sales are financed of which 69% are contingent on financing
- 17.8% of Condo Sales are New Developments
- 8% of buyers are international
- 36% of Condos sold at ask & above the asking price.
Number of Active listings for Coops and Condos on the market increased by 10.5%.
