Tuesday, June 25, 2019

May 2019 TLC medallion sales data and analysis by Jim Shenwick


The May 2019 TLC medallion sales data has posted and there were approximately 37 transfers, 27 transfers were the result of foreclosures. Of the non-foreclosure transfers the prices ranged from a low of $100,00 to a high of $230,000, with an average price of approximately $168,000. A couple of points to consider: 1. 73% of the transfers were a result of foreclosures, which indicate that many medallion owners are abandoning their “under water” medallions to their banks, 2. Sales volume remains low and 3. Medallion prices continue to fall and remain low.
Any medallion owners needing legal advice regarding their “under water” should contact Jim Shenwick at 212 541 6224 or jshenwick@gmail.com

MAY 2019 MEDALLION SALES CHART

 Asset Sales
Medallion Classification
Prices
Notes
Number of Medallions
Wheelchair Accessible
N/A


Alternative Fuel
$175,000.00

1
Unrestricted
$400,000.00
Foreclosure
2

$400,000.00
Foreclosure
2

$300,000.00

2

$300,000.00

2

$250,000.00
Foreclosure
2

$235,000.00
Foreclosure
1

$230,000.00

1

$225,000.00
Foreclosure
1

$225,000.00
Foreclosure
1

$225,000.00
Foreclosure
1

$225,000.00
Foreclosure
1

$225,000.00
Foreclosure
1

$225,000.00

1

$215,000.00

1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$200,0

The May 2019 TLC medallion sales data has posted and there were approximately 37 transfers, 27 transfers were the result of foreclosures. Of the non-foreclosure transfers the prices ranged from a low of $100,00 to a high of $230,000, with an average price of approximately $168,000. A couple of points to consider: 1. 73% of the transfers were a result of foreclosures, which indicate that many medallion owners are abandoning their “under water” medallions to their banks, 2. Sales volume remains low and 3. Medallion prices continue to fall and remain low.
Any medallion owners needing legal advice regarding their “under water” should contact Jim Shenwick at 212 541 6224 or jshenwick@gmail.com

MAY 2019 MEDALLION SALES CHART

 Asset Sales
Medallion Classification
Prices
Notes
Number of Medallions
Wheelchair Accessible
N/A


Alternative Fuel
$175,000.00

1
Unrestricted
$400,000.00
Foreclosure
2

$400,000.00
Foreclosure
2

$300,000.00

2

$300,000.00

2

$250,000.00
Foreclosure
2

$235,000.00
Foreclosure
1

$230,000.00

1

$225,000.00
Foreclosure
1

$225,000.00
Foreclosure
1

$225,000.00
Foreclosure
1

$225,000.00
Foreclosure
1

$225,000.00
Foreclosure
1

$225,000.00

1

$215,000.00

1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$175,000.00
Foreclosure
1

$170,000.00

1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$165,000.00
Foreclosure
1

$158,000.00

1

$115,000.00

1

$100,000.00

1

$0.00
Individual to LLC
1

$0.00
Estate
1









Stock Transfers

Prices
Notes
Number of Medallions
Wheelchair Accessible
N/A


Alternative Fuel
N/A


Unrestricted
N/A



 00.00
Foreclosure
1

$200,000.00
Foreclosure
1

$200,000.00
Foreclosure
1

$175,000.00
Foreclosure
1

$170,000.00

1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$170,000.00
Foreclosure
1

$165,000.00
Foreclosure
1

$158,000.00

1

$115,000.00

1

$100,000.00

1

$0.00
Individual to LLC
1

$0.00
Estate
1









Stock Transfers

Prices
Notes
Number of Medallions
Wheelchair Accessible
N/A


Alternative Fuel
N/A


Unrestricted
N/A