Wednesday, January 7, 2009

Report: 43.1 percent of East Village sellers have cut their asking prices (for real estate, not drugs)

The Daily News reports today on StreetEasy's latest assessment of the Manhattan real-estate market...(Curbed had this yesterday.) The Daily News break it down:

Manhattan neighborhoods with the most price cuts
These neighborhoods have seen the highest percentage of sellers cutting prices from quarter three to quarter four 2008:

Beekman - 50.6% of listings cut prices
Manhattan Valley - 45.7%
East Village - 43.1%
Central Park South - 41.9%
SoHo - 41.7%

I dunno...still seems to me like the time I was dragged to a Barney's Warehouse Sale...$950 sweaters were on sale for $600!


Jeremiah Moss said...

wtf is manhattan valley???

EV Grieve said...

Heh. Well! According to Wikipedia:

"Manhattan Valley is a neighborhood on the Upper West Side of Manhattan in New York City, bounded by West 110th Street to the north, Central Park West to the east, West 96th Street to the south, and Broadway to the west. It was formerly known as the Bloomingdale District."

The Bloomingdale District? Christ.

Jill said...

They named a 9 block section of the city! (Who is "they?")

EV Grieve said...

Manhattan Valley has such a nice suburban sound to it, eh? Probably named by real estate agents!