2021 has been a banner year for Upper West Side Townhouse sales and it is only August! The strong volume of townhouse sales on the Upper West Side is in keeping with the stronger market overall but also indicates that buyers feel that townhouses are now a good value and having a lot of space plus outdoor area is again very desirable.
As more buyers re-entered the market the first half of the year, the combination of the lower prices, low interest rates and increased consumer confidence all came into play. As of now, there has been over 3x the number of UWS contracts this year than the same period in 2020, and nearly 5x the number of contracts during the same period in 2019.
In our just released Upper West Side Townhouse Report,
we researched and analyzed the townhouse market going back through 2020 and because of the artificially low sales volume in 2020 due to the pandemic, we even went back to 2019 to fully understand the market today. As a townhouse buyer or seller this newsletter will be incredibly helpful to you, even if your house is not on the Upper West Side. You will find a detailed analysis of the Manhattan townhouse market overall to date this year as well as last year and a granular snapshot of the Upper West Side.
Selling a townhouse in Manhattan is a highly sophisticated process and takes experienced brokers with an excellent track record of successful sales. As townhouse sales specialists we know what it takes to market these properties effectively, achieve high prices and handle complex deals. We would be happy to answer any questions you have about the townhouse market in Manhattan.