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1. The Compass Quarterly Report is out! Notice today is October 2nd and they have the report finished and out to us already. Compass is on it. Here are some highlights:
Overall, sales were down 36% in the third quarter.
2. A very notable figure is inventory volume. Currently there are over 10,000 apartments for sale in Manhattan. That is an increase of 36% compared to last year. This is an unprecedented high. Moreover 45% are new listings indicating a spill over from the spring market. All this indicates this may be the best time for buyers to capture homes that were once out of their price range.
3. Lastly, 48% of condos and 53% of co-ops sold were on the market for at least 180 days. And as you might imagine 1BR’s were least favored while 2,3 and 4 beds and above were notably more in demand.
4. Plus! Pierce Brosnan's home is being sold for $100 million in LA & Michael Jordan is selling his home in IL for over $14 million.
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