TRANSACTION ANALYSIS REPORT October 5th and 12th

Prudential Douglas Elliman TRANSACTION ANALYSIS REPORT

BASED ON CONTRACTS SIGNED FOR 575 SALES OFFICE - WEEKS ENDING: October 5th and 12th, 2007

Average Sales Price: $1.4Million

Median Sales Price: $985k

%Discount from Last Asking Price: 2.80%

%Discount From Original Asking Price: 4.30%


Range

Range of Sales:
$350,000-$7.5Million

<$500,000 = 7%

$500K - $1MM = 45%
(52% Sold Below $1MM)

$1MM - 2MM = 33%

$2MM - $3MM = 7%

$3MM - $5MM = 6%

>$5MM = 2%

Transactions Sold ABOVE Asking Price: 9%

Tansactions Sold AT Asking Price: 22%
(31% Sold @ Ask or Above Ask)

Tansactions Sold BELOW Asking Price: 69%


Ownership

Cooperatives = 56%


Condominiums = 40%


Townhouses = 4%


Land = 0





Regional Breakdown

East Side = 30%

West Side = 19%

Downtown = 35%

Midtown = 12%

Brooklyn = 4%

Harlem = 0%

Queens = 0%


Transaction Side

Buyer = 54%

Seller = 46%


Total Days on Market to Contract Signed

Average = 167 Days

Median = 74 Days


Total Days on Market to C/S Since Last Ask Price

Average = 66 Days

Median = 43 Days


Active Listings in Manhattan Market

Qty: 8,729 up from 8,377 (Coops: 34% Condos 66% )
Median = The middle number in a given sequence of numbers, taken as the average of the two middle numbers
when the sequence has an even number of numbers: 4 is the median of 1,3,4,8,9.

(UES, UPPER EASTSIDE, UWS, UPPER WESTSIDE LES, MIDTOWN DOWNTOWN, UPTOWN, BPC, WALL ST., BATTERY PARK CITY, SOHO, TRIBECA, CHELSEA, CHINATOWN, HELL'S KITCHEN, TURTLE BAY, GRAMERCY, FINANCIAL DISTRICT, FLATIRON, MEATPACKING, NOHO, NOHA, SOHA, HARLEM, LOWER EAST SIDE, MURRY HILL, SUTTON PLACE)