The Manhattan townhouse market picked up sharply last year according to a report released Monday that confims residential data released last month by other brokerage firms.
Last year, 196 townhouses were sold, up 61% from 2009. Single family homes led the surge with sales activity soaring 68% in 2010 from a year earlier.
Prices are starting to pick up but there is a lot of inventory. Buyers have plenty to choose from and can still get great value in the marketplace. With the level of activity we are seeing right now we feel optimistic about the market.
One last point...the positive news from the job market last week is good for not only townhouse sales but all real estate. Its going to be a great spring.
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Mar 8, 2011
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