 |
Data supplied by StreetEasy.com
|
You can see from the data above that in most of Manhattan, the number of apartments on the market is on the rise. That shouldn’t be much of a surprise, given that the economy is looking rough, particularly in the financial sector. Usually, rising inventory indicates slowing sales, or a sense that buyers are waiting for sellers to drop their prices. But the surprises here are twofold: Chelsea is way up, far more than the rest, and Greenwich Village inventory (East, West, and central alike) is going against the trend—it’s actually fallen slightly. Why the disparity? The Flatiron district and West Chelsea were rezoned in 2004 and 2005 to allow for increased residential uses, and the towers that were planned then are coming on the market now—especially in Chelsea, around the High Line. By contrast, the Village is largely cordoned off into historic districts, meaning that almost nothing new is built, and demand just stays tight, year after year.
Email
Print
Eight Year-End Films Vie for Oscar Contention
Sondheim and Lansbury on a Lifetime in Theater
The Black Keys Release Their Hip-hop Debut 
How the BQE Became an Artistic Muse
On Great Jones Street, Shopping Is Art 
Classic Fare, Old-world Charm at Le Caprice
Buy a Brownstone for Less Than $1 Million
Fifty of the City's Tastiest Soups
Reasons to Love New York 2009
New York Politicians Refuse to Quit
A-Rod Has Babe Ruth in His Sights
McCain Yields to the Party's Pressure
