According to the July Harlem townhouse report, not one townhouse below $2 million was listed for sale. In July, 2 of the 4 sales recorded in the Central Harlem,Hamilton Heights townhouse market, were below $2 million. That brings the number of available properties below $2mm to only 6 out of over 80 listings. I am seeing a little bit of a tug of war as sellers priced at around $2.3-2.6 now begin to see the market may not sustain these prices for their Harlem properties and probably not for 4 family homes above 125th street.
The Author- Brian Silvestry , a licensed real estate broker, has been selling residential and commercial real estate since 1999. He has sold in every neighborhood from Battery Park City to Washington Heights.