One Jackson Square

hi at Hardesty associate broker Douglas Elliman real estate for the past 20 years I worked in the number one producing real estate office in the country where last year 100 brokers did over a billion-and-a-half dollars in sales wanted to take a quick minute today just to talk to you about what's going on the market in general but specifically what's happening in your building one Jackson Square now after a spectacular first quarter in a frenzy of buying price escalation through the roof average condo prices ended up just shy of 2.2 million dollars an average sale price around the city of 1591 though the square foot we've seen a calming in the second quarter that friend is definitely gone buyers have been much more thoughtful about their purchases in the long run that the really good sustainable thing I when you look at what happened in the building in 2013 you finish the year 2176 dollars per square foot on average sale price tremendous number now and 2014 though there's nothing active on the market right now if you look back at the last 180 days sold in Closter 2523 dole's a square foot which is a really nice escalation from last year we expect the Thor 2 trends in escalations and pricing to continue moving forward at the market is very strong but I don't think we're gonna see the the the insane price jump that we've seen over the past couple of quarters and again counter-intuitive but probably much more sustainable in the long run unknown you take that in comparison to what's going on in the area and other buildings like yours 1 Martin square has a two bedroom apartment on the market for 2312 dollars a square foot and if you go down to the printing house 421 hope that new development condo sales apartment for averaging 2227 hundred dollars a square foot so one Jackson is really falling very solidly in the middle of all the other luxury destination buildings downtown some that's about it for today we're going to update these videos on a regular basis trying to keep you up to speed with what's going on in your building in the markets around just to provide you with information we hope you find useful and if you have any questions please do feel free to give a ring and in the meantime invite you to follow us on Facebook the hardest eating the hardest the team on Facebook now that's real estate %uh and %uh