In the month of August the Central Harlem,Hamilton Heights market was quiet with only 4 new listings coming to the market.
Among the 4 new listings, there is an SRO sold without the certificate of no harassment for $2.1 million looking for cash buyers according to the listing which is the least expensive listing. Also listed this month is a home at 210 W 122nd street which appears to be renovated though the DOB records indicate SRO as well asking $3.995 million. Rounding out the new listings are an 8 unit for sale near Fifth avenue and a 3 family with side yard at 517 W 152nd street which was listed previously.
On the sale side(see table below), there were 5 sales and some properties went to contract or were removed from the market which resulted in a decrease of inventory from 82 available listings in July to 70 in August. This led to a corresponding decrease in inventory levels to only 14 months from 21 months in July.
| Sold properties for August | |||
| Sale Price | # Units | ||
| 160 | W 130 ST | $2,400,000 | 8 |
| 37 | W 126 ST | $2,544,000 | 4 |
| 127 | W 120 ST | $3,451,000 | 3 |
| 106 | W 120 ST | $3,375,000 | 3 |
| 17 | W 120 ST | $3,750,000 | 6 |
| # Active listings | Inventory (months) |
| 70 | 14 |
| <$2mm | 5 |
| $2mm-$2.99mm | 33 |
| $3mm-$3.99 mm | 25 |
| $4mm + | 8 |
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.
One thought on “Harlem townhouse August market report”
Comments are closed.