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Manhattan Housing Market Doing OK
By
Garth Johnston
Published Jan 4, 2011
Modified Jan 4, 2011
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By
Garth Johnston
Published Jan 4, 2011
Modified Jan 4, 2011
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Fourth quarter 2010 housing sale data for Manhattan is in and the results are...just fine. Though there was a slight dip in the median sales price quarter-to-quarter (different reports pegged it between $825,000 and $845,000) those numbers are still up from last year. Meanwhile a bump in "trophy properties" helped push up the average sales price to somewhere between $1.37 and $1.48 million, as much as 14.4% higher than last year. Not bad considering it was actually the borough's most active quarter in twenty years and everyone has been fretting about a "double-dip."
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housing
manhattan
real estate
Garth Johnston
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