To complement the NY Times' story about the sad state of NYC real estate, the NY Post offers the sobering news that home prices are dropping all across the country as well as here in NYC. While the Standard & Poor's/Case-Shiller July survey does not include "does not include co-ops or condos, which make up the bulk of high-end real-estate sales in Manhattan," it does include single-family homes. Some examples included in this graphic are a brownstone in Carroll Gardens (down $450K) and a Staten Island home (down $40K). As for new condo construction, Curbed spoke to some developments to see how their sales were doing (most are saying it's been slower).
Published Oct 1, 2008
Modified Oct 1, 2008
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