Looking at the sales report of 3 Lincoln Center, overall we see a lot of positive signs of a healthy market. The Average Days on Market has decreased since the last time we measured, a sign that buyer demand is still alive and well. Negotiability from the List Price to the final Closed Price has remained relatively the same, hovering around 3%. Taking into consideration that prices have increased the last year and negotiability remaining the same is a sign of continued demand.
Average Price per square Foot numbers are always a bit tricky, as you need to break down specific layouts within each segment of the building to really see the performance. But overall, prices have increased since 2014.
We like to track the new construction condominium market inventory, as many neighborhoods are seeing large increases of supply due to new condominiums coming to market. In the Upper West Side, we don't see that much inventory in the pipeline. Mainly we have seen a couple of rental buildings being converted into condominiums, and a few new buildings in the development, but not going to come to market for at least another year. This is a good indicator that supply should remain relatively consistent.
The one metric that is bit slower this year compared to last year has been the total volume of sales has decreased. Last year we saw about 20 sales happen in the building and so far this year, being half way through, we see 7 sales having closed. However, there is not that much inventory available in the building, just a few apartments as of right now.
Given this information are you wondering
what your Three Lincoln Condominium is worth?
Lincoln Center Upper West Side Manhattan New York
There are many dynamic Manhattan New York neighborhoods, the Upper West is one of Manhattan’s most quintessential and classic Manhattan neighborhood communities.
The neighborhood starts from Central Park to the Hudson River and from 59th Street to 110th Street, the Upper West Side is made up of various and unique sections, including Columbus Circle, Lincoln Square, Central Park West, and the Riverside Drive and West End Avenue.
The Lincoln Center is the largest performing arts area in the entire United States. The development of the Columbus Circle area including the condominium buildings such as Time Warner Center, Trump International Hotel and Tower and 15 Central Park West have paved the way for more expansion in the Riverside Park South area.
The Lincoln Center Upper West Side is considered to be one of the most sought after neighborhoods to live in Manhattan because of both its high quality of life, close distance to Central and Riverside Parks, access to multiple subway and bus routes, along with a rich tradition of the arts and culinary choice.
Below are a list of wonderful condo buildings in Lincoln Center Upper West Side neighborhood:
The Harrison-205 West 76th Street New York NY 10024