Home sales average $1.2m.The Corcoran Background
Corcoran. Spelling variations include: MacCorcoran, O'Corcoran,Corcorran and others.
The Irish surname Corcoran is derived from the Gaelic word Corcair, now used to denote purple but formerly meaning ruddy, or 'of reddish complexion'. Group released statistics for Manhattan Manhattan, indigenous people of North America
Manhattan (mănhăt`ən), indigenous people of North America of the Algonquian-Wakashan linguistic stock (see Native American languages). and Brooklyn's residential sales and rental markets for the year end and fourth quarter of 2005 that show a market-wide 28 percent rise in average closed sales price for apartments from 2004 to 2005.
"The driving engine in the fourth quarter 2005 was the sale of luxury condominiums," says Corcoran's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President Pamela Pamela
sweet maidservant who chastely repels disgraceful advances, marries her aristocratic pursuer, and attempts to reform him. [Br. Lit.: Richardson Pamela]
See : Virtuousness Liebman. "The increasing prevalence of new development condo properties is swaying sway
v. swayed, sway·ing, sways
1. To swing back and forth or to and fro. See Synonyms at swing.
2. the overall averages upward with condominiums selling at a 34 percent higher price than co-ops on a price per square foot basis in the fourth quarter 2005."
Year-End year-end also year·end
The end of a year.
Occurring or done at the end of the year: a year-end audit.
Noun 1. 2005 Corcoran Report highlights include:
* Market wide in Manhattan, the average sales price for co-ops was up 23 percent with condominiums seeing a 25 percent gain. Through year-end 2005, buyers paid an average of $1.5 million for condominiums and $998,000 for co-ops, resulting in an overall average home sales price of $1.2 million.
* On a market-wide basis, West Side condos and co-ops combined continued their reign as the most expensive on a price per square foot basis at $1,029, with East Side coops and condos combined a close contender at market-wide price per square foot figure of $1,001.
* While the average sales price was up by 28 percent, market-wide sales volume was down by one-third compared to 2004.
* The Manhattan rental market was up slightly at year end 2005 with the average rent remaining static at $3,503 per month. Three-bedroom apartments on the West Side saw the largest increases, up 19 percent at $10,466 over the previous year's figures.
* The borough of Brooklyn Brooklyn (brk`lĭn), borough of New York City (1990 pop. 2,300,664), 71 sq mi (184 sq km), coextensive with Kings co., SE N.Y. saw across the board increases in sales prices with Brooklyn Heights seeing some of the largest market-wide gains. The two-four family townhouse town·house or town house
1. A residence in a city.
2. A row house, especially a fashionable one. category in this neighborhood increased by 67 percent to an average of $3.7 million. Due to the extremely tight one-family townhouse market in Park Slope, the average sales price in this category was driven to $3.35 million, a 90 percent increase.
Fourth Quarter 2005 Corcoran Report highlights include:
* Market wide in Manhattan, there was a decrease in the average sales price for condos and co-ops, down 7 percent to $1.1 million in the fourth quarter from $1.2 million in the third quarter.
* With several significant trophy townhouses closing in the fourth quarter 2005, the median sales price on the East Side and the West Side rose sharply. The median sales price for East Side townhouses was $11.86 million, a 127 percent rise over the third quarter 2005. The median price for West Side townhouses was $6.26 million, a 67 percent rise over the previous quarter
* Market wide, the average sales prices for one bedrooms and studios saw drops of 3 percent and 2 percent respectively.