The Market for ManhattanWest Holds Strong

Condominium Inventory in ManhattanWest’s $250K-$500K “sweet spot” dropped more than 5% in June.

This is a substantial drop and means that the market not only started to stabilize in June, but that the previous trend of inventory build-up actually reversed. Buyers purchased more condominiums in this price range than sellers put on the market. If the trend continues, inventory will keep going down. Lower inventory means less competition, higher buyer confidence, and eventually higher prices.

Condo Inventory between $250 and $500K Dropped More than Inventory Outside That Range

Inventory priced from $250K-$500K dropped more than three times as much as inventory outside that range. The vast majority of ManhattanWest inventory is in this “sweet spot”, the best performing segment of market.


You Can’t Lump Condo Data with Single Family Home Numbers

The press tends to bury good news about condominiums in the middle of negative articles about the market as a whole, but the numbers speak for themselves. If you want a true picture of the market you must separate condominium data from SFR numbers.

Wine Tasting Recap and New Event: Thursday July 26, 2007 6:30-8:30pm

The buzz about our first Rock N Roll Wine tasting event was so positive that we're hosting another Wine Tasting on Thursday July 26,2007, from 6:30-8:30 pm in the ManhattanWest Sales Center.
"The event was a great way to learn more about both wine and ManhattanWest in a no-pressure environment", said guest Stefanie Schneider about the ManhattanWest Wine Tasting event held in June. "The music and food were great, and I got to meet a lot of interesting people. There was definitely a good vibe in the air."
Guests were excited to experience what the ManhattanWest wine bar will be like, which featured live acoustic guitar playing and exotic wines from across the world provided by Rock N Roll Wines.
This next event is shaping up to be just as exciting, with more great music, food and wines to come. You'll have a chance to tour our full-sized model residence, view 3-D animations, and learn more about the community in a relaxed atmosphere.
Register now at ManhattanWest.com to be put on the VIP list, get directions and learn more about the ManhattanWest community.
We look forward to seeing you there!