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A Look at the 2014 NYC Housing Market & Brown Harris Stevens' Sales Statistics

    Home Newsletter A Look at the 2014 NYC Housing Market & Brown Harris Stevens' Sales Statistics
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    A Look at the 2014 NYC Housing Market & Brown Harris Stevens' Sales Statistics

    By admin | Newsletter | Comments are Closed | February 17, 2015 | 0

    As I mentioned in last month’s overview, I expected 2014 to be the best year yet

    for my firm, Brown Harris Stevens.

    That was indeed the case:

    the firm sold $4.2 billion in Real Estate during the year, which was 7% higher than in 2013, with only 3% of the agents working in New York City.
    Here are a few fun statistics for you.

    In 2014, we sold:

    • 4 out of the 5 highest priced properties in New York City
    • 6 out of the top 10 highest priced properties
    • 50% of top 30
    • 32% of the top 100

    Strength at the High End


    That said, these numbers, when looked at in more detail, show a real dominance across coops, condos and townhouses. In 2014, we sold:

    • 4 of the top 5 coops
    • 8 of the top 10 coops
    • 46% of the top 30 coops
    • 39% of the top 100 coops
    • 47% of all coops priced over $10mm
    • 75% of all coops priced over $25mm
    • With condos, we sold 40% of the top 10 resales, all of which were over $25mm (removing new development from these numbers)
    • We also achieved the

      highest price paid for a townhouse in 2014

    And yet, nearly 40% of our firm’s sales were under $1mm, and 25% were between $1-2 million (with the remaining 35% above $2mm).

    Our average sale price was its highest, too, at $2.75mm.
    The statistic I love most is that 32% of our listings were sold in-house between brokers, which has been consistently over 30% for many years.

    This proves our strength with buyers and sellers and a value-add beyond what any other firm can offer.
    The domination of the high-end of the marketplace, combined with a strength of marketing below $2mm, continues to provide a buoyancy and optimism for the firm’s ownership.
    I begin my 9th year with the firm; I, too, am very optimistic about our market share and ability to do a phenomenal job for the buyers and sellers we represent.

    We were able to also have our best year in 13 years in residential real estate, selling 36 apartments and nearly $75mm in Real Estate across Manhattan, with terrific rental and Brooklyn partnerships that give us extensive market reach.
    I’ll cover a bit more about the optimism, pessimism and lack of a clear view of the market for 2015, in my next post.
    Thanks for your continued support! -S
     
     

    bhs, brown harris stevens, cooperatives, harris residential team, Luxury Condominiums, nyc condos, nyc coops

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