compass

Fall 2022


Upper East Side 

Co-op 

Prices have softened

Upper East Side Co-op market prices were highest this year in May of 2022. More recently, over the the summer, the median price per sf. of sold units has softened as follows:


  • $1m to $2m Market:     -8%  

  • $2m to $5m Market:    -6%

  • $5m to $10m Market:  -16%

Supply is up Seasonally After Labor Day

The supply of Upper East Side Co-ops is ticking up now, as sellers have started to bring apartments to market after Labor Day. 


This is typical seasonal behavior, signalling a return to an historically "normal" vs. extreme market.

Sales Volume Returning to Historically Average Range

Pending Sales have slacked off from the extremely strong 2021 market in Manhattan and are 

actually at an historically average level of activity. The pace seems slow, however, in comparison.

Market Activity Starting to Favor Buyers

The higher end $5m to $10m Market is already favoring buyers.

Welcome to Fall!


Wishing you a happy fall 2022 ... With Gratitude,

Thors Team/Compass

2022


Luxury NYC Co-op & Condominium Listings


Spotlight National Property

Second Home 

"Pied a Terre"

Estate Condition Sales

Finding Value for Buyers

New Development Condominiums


Thor & Melissa Thors

Thors Team / Compass

Lic. RE Salespersons


212 717 9717

thor.thors@compass.com

917 922 8473

melissa.thors@compass.com

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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