We keep a close eye on transaction volume at our last project Manhattan. Here are some data points that highlight the growing strength of this market:
In the last 3 weeks, there have been 4 resale closings at Manhattan. That’s as many closings as took place between September 24, 2007, and April 2, 2008, a period of more than 6 months.
There an 11 additional Manhattan units in contract at this time.