The West Village has hit the new year running with a number of properties having sold in January and a number of new sale and rental listings hitting the market. We thought we would provide some market data that local residents or those thinking about moving to our neighborhood would find useful.
We also thought it might be useful to take a look at listing activity and contracts signed over the past 90 days. To do so, we have pulled some proprietary data, courtesy of UrbanDigs, focusing on the Village/Tribeca/SoHo sub-market. As you can see, the number of active listings has crept up about 15% to just shy of 525 this month. That increase is in line with historical seasonal trends caused by the temporary delisting of property in December. The number of listings going into contract correlates nicely with the active listing trend, signifying a healthy market. We can expect to see increases in each, especially after February, as we move into the spring before they decrease again during the summer months.
Below you will find a recent sale and recent rental transaction that recently occurred in the West Village.
$18,500 per month
695 Washington Street, 1,470sf, 2 bedroom, 2 bath, private garage, common garden, co-op (in contract)
If you are interested in selling, purchasing, or leasing property in the Village, or anothe