PROMOTION
On REAL ESTATE DOWNTOWN The market area with the most diverse housing stock, Downtown is dynamic and resilient. Despite a temporary pause in sales caused by Hurricane Sandy, the Downtown housing market continues to display overall fundamental strength. With a limited supply of property and a wealth of choices, Downtown attracts demand from the most assorted set of buyers and is among the top-performing real estate markets in the nation. Downtown saw the average price rise over the past year for all size categories, led by a 13% gain in two-bedroom apartments. Closed condominium prices revealed an average of $1,258 per square foot which is certain to increase given absorption rates hovering at approximately three months of supply. With products ranging from starter studios to extravagant penthouse lofts, Downtown offers quality housing to match exceptional entertainment, dining, shopping; and a thriving community experience.
HALL F. WILLKIE President Brown Harris Stevens Residential Sales hwillkie@bhsusa.com
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Photography courtesy of Brown Harris Stevens
2/27/13 5:04 PM