The average Manhattan apartment price jumped 47% over the past year to a record $1,690,995 as a result of an increase in luxury sales. Apartments priced at over $10 million rose 318% from the first quarter in 2007. Closings at 15 Central Park West and the Plaza played a large role in the price increase.
Manhattan Coop prices averaged $1,333,431 - 34% higher than one year ago. Average Manhattan condo sales increased 52% over the past year to $1,997, 108.
View Halstead Property's First Quarter 2008 Market Report
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