Our last update, (actually the first) was on March 24th, 2009. Information is culled from OLR.com and our first account serves as our baseline. It may not reflect actual numbers, but does give us a good base from which to judge inventory movement. I have left out UWS and UES numbers, let's just say there is plenty of inventory! We would have to examine "areas" of each hood to give an accurate reflection of what was going on. I just don't have that kind of time!
The first number represents 1 Bedrooms, second number 2 bedrooms.
March 24th, 2009 April 19th, 2009
West Village/Village :
412 458 +46
214 230 +16
Tribeca/Soho:
401 444 +43
291 362 +71
LES/East Village:
265 364 +99
166 217 +51
Chelsea/Flat Iron:
347 409 +62
175 210 +35
Gramercy/Kips/M.Hill:
500+ 500+
215 262 +47
BPC/Financial:
392 482 +90
206 228 +22
Without a doubt it continues to be a renters market and there are good deals to be had by all! My business continues to be robust with happy renters moving into apartments they only could dream about 2 years ago. Not only is it that rents are down, but people are sucking up homes that would have been near impossible to locate at peak prices.
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