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Elliman Report: Manhattan Townhouse 2005-2014

…Manhattan townhouse price indicators rose sharply from the prior year. Price per square foot surged 45.9% to a record $1,566 per square foot as the average square footage fell 16.4% to 3,760 over the same period. The number of sales slipped 1.5% to 321 from the prior year, consistent with the trend within the apartment market. Townhouse sales accounted for 2.5% of all Manhattan residential sales, unchanged from the prior year. Listing inventory expanded 20.1% to 412 townhouses from the prior year, slowing the absorption period, the number of months to sell all listings at the current rate of sales, to 15.4 from 12.6…

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