The inaugural list, which is on CityRealty’s website, tracks performance for the two-month period ending June 30, 2013. The report conveyed that 147 apartments were sold during May and June 2013, with an average price per square foot of $1,901, representing an annual price decline of -0.7 percent from the same period 12 months ago. However, since 2003 the average price per square foot of properties in the CityRealty 100 increased at a compound annual growth rate (CAGR) of 6.2 percent.
Additionally, the digest notes that the most expensive building on a per-square-foot basis based on trades during the year ending June 30, 2013, was 15 Central Park West, with an average price per foot of $5,203. The most expensive Index sale during the report period was Unit #PH48A at Trump International, a five-bedroom, 4,489-square-foot penthouse apartment which sold for $21.85 million.