Keller Williams NYC Market Report for Q2 July 2015

1. 2ND QUARTER 2015
Commentary provided by Edward Kalisvaart
Information provided by Urban Digs and Virtual Results

2. 1
2ND QUARTER 2015
OVERVIEW
Looking at the Manhattan marketplace as a whole, the numbers confirmed that price appreciation continued over the
year, albeit at a slower pace. From this time last year, the average sales price of Manhattan property rose 5% to
$1,758,589, while the median price per square foot rose 5.5% to $1,260. With both inventory and days on market
near record lows, market leverage continues to favor the sell side.
The average price for a Manhattan co-op apartment rose just over 10% from year ago to $1,330,958. The median
price per square foot for co-ops was $967, a gain of 8.8% over the year.
Manhattan condo prices pushed higher as well, with the average price rising over 8% to $2,328,154. The median
price per square foot for condos was $1,482, a gain of 8.3% over the year.
Supply constraints continued unabated for both co-ops and condos over the year, as surging deal volume absorbed
new supply and prevented any meaningful inventory increase.
The average price differential between condos and co-ops remained steady, and confirmed the continued rise in price
action seen market wide when compared to 2Q 2014.

3. 2ND QUARTER 2015
Market Wide Q2 2015 % Change Q1 2015 % Change YOY Q2 2014
Average Sales Price $1,758,589 ‐0.1% $1,760,755 5.1% $1,673,410
Average Price per SF $1,373 ‐0.3% $1,370 3.8% $1,324
Median Sales Price $960,000 ‐1.5% $975,000 2.5% $937,000
Median Price per SF $1,260 2.7% $1,227 5.5% $1,195
Median Days on Market 55 ‐9.8% 61 19.6% 46
Median Sales Discount ‐5.3% ‐4.9%
Median Sales Premium 2.6% 3.6%
Market Wide Q2 2015 % Change Q1 2015 % Change YOY Q2 2014
Average Sales Price $2,328,154 6.5% $2,187,034 8.1% $2,152,938
Average Price per SF $1,562 0.1% $1,560 4.5% $1,495
Median Sales Price $1,303,360 ‐4.3% $1,361,250 ‐3.4% $1,349,591
Median Price per SF $1,482 3.3% $1,434 8.3% $1,368
Median Days on Market 55 ‐14.1% 64 31.0% 42
Median Sales Discount ‐5.4% ‐4.3%
Median Sales Premium 1.8% 3.1%
Market Wide Q2 2015 % Change Q1 2015 % Change YOY Q2 2014
Average Sales Price $1,330,958 4.0% $1,280,164 10.7% $1,202,691
Average Price per SF $1,099 4.0% $1,057 13.4% $970
Median Sales Price $750,000 2.7% $730,000 5.6% $710,000
Median Price per SF $967 6.8% $905 8.8% $888
Median Days on Market 56 ‐1.8% 57 19.2% 47
Median Sales Discount ‐5.3% ‐5.3%
Median Sales Premium 3.6% 4.0%
MANHATTAN CONDOS
MANHATTAN CO-OPS
2
MANHATTAN MARKET-WIDE
*Market-wide sales figures refer to all condo, co-op, & cond-op sales

4. 3
2ND QUARTER 2015
Percentage of Sales by Price Range
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
32.8%15.2%13.1%20.4%15.3%
3.5%
3.9%
3.9%
4.2%
4.4%
32.2%16.0%13.1 %21.9%14.5%
27.0%18.1%15.3%20.3%13.8%
31.6%15.0%14.2%21.5%14.7%
29.1%16.3%13.5%21.5%15.3%
0-500K
500-1M
1M-2M
2M-3M
3M-5M
5+
Percentage of Condo Sales by Price Range
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
40.2%17.0%12.0%19.7%10.4%
1.0%
1.1%
1.1%
1.4%
1.3%
33.1%19.1%14.5%22.0%10.4%
27.0%21.6%17.8%20.8%9.8%
33.5%17.8%16.3%20.6%10.5%
34.3%17.5%14.1%21.9%11.0%
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
23.2%12.9%14.5%20.9%21.7 %6.9%
22.6%13.5%12.5%21.1%22.1%
15.6%14.9%13.9%23.9%22.8%
20.5%11.9%12.9%22.6%23.1%
17.2%10.0%13.2%22.4%23.2%
8.2%
9.1%
9.2%
9.0%
Percentage of COOP Sales by Price Range

5. 4
NEIGHBORHOOD BREAKDOWN
Below is a snapshot of the market broken down by major Manhattan
neighborhood from 2nd quarter 2014 to 2nd quarter 2015.
For more information or electronic copies of this report please visit kwnyc.com/reports.
Email questions or comments to reports@kwnyc.com.
CentralPark
Downtown Median Studio Median 1 BR Median 2 BR Median 3+ BR
Q2 2014 $585,494 $925,000 $1,746,603 $4,123,000
Q3 2014 $610,000 $927,500 $1,950,000 $3,900,000
Q4 2014 $597,500 $966,169 $1,900,000 $3,767,525
Q1 2015 $590,000 $999,000 $1,866,881 $4,644,293
Q2 2015 $667,500 $875,000 $1,856,608 $4,043,990
Midtown Median Studio Median 1 BR Median 2 BR Median 3+ BR
Q2 2014 $450,000 $783,000 $1,615,000 $4,073,000
Q3 2014 $425,000 $800,000 $1,710,000 $3,400,000
Q4 2014 $432,000 $840,000 $1,962,677 $3,635,153
Q1 2015 $490,000 $875,000 $1,672,500 $3,487,500
Q2 2015 $499,000 $862,000 $1,698,500 $3,037,500
Upper East
Side Median Studio Median 1 BR Median 2 BR Median 3+ BR
Q2 2014 $351,991 $655,000 $1,500,000 $3,326,000
Q3 2014 $396,000 $645,000 $1,416,500 $3,512,667
Q4 2014 $376,000 $670,000 $1,578,288 $3,900,000
Q1 2015 $377,000 $666,000 $1,450,000 $3,794,287
Q2 2015 $389,500 $690,000 $1,625,000 $4,800,000
Upper West
Side Median Studio Median 1 BR Median 2 BR Median 3+ BR
Q2 2014 $438,000 $794,750 $1,500,000 $3,153,288
Q3 2014 $440,000 $784,500 $1,545,000 $3,200,000
Q4 2014 $455,000 $775,000 $1,532,251 $2,800,000
Q1 2015 $435,000 $755,000 $1,525,968 $3,000,000
Q2 2015 $447,500 $820,000 $1,625,000 $2,997,500
Upper
Manhattan Median Studio Median 1 BR Median 2 BR Median 3+ BR
Q2 2014 $362,590 $403,000 $635.000 $825,000
Q3 2014 $315,500 $400,265 $581,852 $872,500
Q4 2014 $330,000 $415,000 $587,939 $840,000
Q1 2015 $262,000 $475,000 $610,000 $1,035,357
Q2 2015 $314,500 $419,000 $690,323 $896,000
2ND QUARTER 2015