Corcoran Market Snapshot for February 2011 – Sales Volume and Price Per Square Foot Both Jump Over 10%

Even though February is the runt of months, it managed enough oomph to pour paint all over the illustrious ‘1st month of the year’.  Co-op sales were up 34% over January 2011, and condos saw a 21% rise.  Compared to a year ago February, the jump is 5% and 17% respectively.  Price per square foot has gone up 10% and 16% respectively as well, with co-ops commanding $1008/sqft, and condos getting $1,362.  Not a bad return if you purchased last year – on top of your $8000 home buying credit!

OK, so I summed up some lines from the below report’s summary.  But since it is a picture, it would come through as well on other sites.  Check out the full report below, or click here Feb Report 2011.