Showing posts with label 2008 market report. Show all posts
Showing posts with label 2008 market report. Show all posts

Saturday, May 10, 2008

First Quarter 2008 Market Report

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