Insights from The Real Deal: Jonathan Miller sheds light on home sales in Q4
Insights From The Real Deal from Toni Comas on Vimeo.
The fourth quarter of 2010 represented the return to more traditional sales activity in the Manhattan condominium and cooperative markets, Jonathan Miller, president and CEO of appraisal firm Miller Samuel, told reporter Adam Pincus in the latest Insights from The Real Deal above. For example, the two-bedroom market, "essentially returned to a normal, historic, market share, similar to what we saw year-over-year last quarter," said Miller, who compiles residential market reports for Prudential Douglas Elliman, including one released today (click here to see the report). In addition, the very high-end market for apartments that sold for $10 million and up, was flat at 25 units in the fourth quarter, the same as the previous period, again representing a decline in volatility. TRD