Average Price of Manhattan Apartment Tops $1.2 Mln

by Joshua Dorkin on April 1, 2005

  

NEW YORK (Reuters) – The average sale price for a Manhattan apartment topped $1.2 million in the first quarter, a new record, as the supply of properties for sale shrunk, according to the Prudential Douglas Elliman Manhattan Market Overview.

The average sale price rose to $1.21 million — up 23 percent from the final quarter of 2004 and up 26 percent from a year ago.

In the condominium sector, the average sale price jumped to $1.55 million

Read

Related posts:

  1. Mortgage Rates Hit 7 Month High
  2. Real estate foreclosures up in latest survey
Got questions about this or other real estate topics? Ask on the BiggerPockets Forums.

You May Also Be Interested In...

Leave a Comment

Comment Policy:

• Use your name and only your name in the field designated for your name.
• No keywords allowed as anchor text in the name or comment fields.
• No signature links allowed under your comments
• You may use links in the body of your comment, but it must be relevant to the discussion at hand, and not merely be some promotional link.
• We will have NO reservations about deleting your content if we feel you are posting merely to get a link without adding value to our discussion.
• If you add value, but still post keywords, we'll use your post, but remove your link and keywords.
• For more information about acceptable practice, see our site rules.

Previous post:

Next post:

Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved.
BiggerPockets® is a registered trademark of BiggerPockets, Inc.