New York City Apartments Prices Up Significantly, Manhattan Tops 23 Percent
If you were scared off on buying in Manhattan, or any other borough in New York City, because of the housing slowdown, so were vastly mistaken. The city as a whole saw a significant bump in housing values as Manhattan apartments were up 23 percent and the city as a whole was up 20 percent.
So when it comes to conventional wisdom on the macro real estate market and New York, fuhgetaboutit… When buying an apartment in Brooklyn is nearing a half million you are talking some serious coin.
Manhattan had the highest average sales price of apartments at $1,107,000. Brooklyn was second at $441,000 and Queens followed at $257,000.
The average price per square foot for a cooperative was $664, a rise of seven percent compared to last year. The average price per square foot for condominium rose 19 percent to $791.
The average price per square foot for a Manhattan apartment increased three percent to $1,013. Brooklyn and Queens recorded the next highest prices per square foot for an apartment at $476 and $348 respectively.
The median sales price for a condominium increased in all five boroughs. The Bronx and Manhattan showed the highest percentage increases at 17 percent and 10 percent respectively. via The New York Observer.
Well Tom, once again you have said it much better than I could have. Unfortunately the folks at Move, ...
It certainly does not bode well for a fast recovery in the economic climate. This will affect all real estate ...
I HAVE 25 YEARS EXPERIENCE IN TELECOMMUNICATIONS..HOW DO I APPLY AT KAI. 
Definitely not a fan of Move Inc.!!! 
A lot of you really need to go back to kindergarten and learn to spell correctly. If you cannot spell ...
In 2008, there was an extension to push first-time home buyers to purchase their homes quickly since the program did ...
I also need HELP and don't know what to do about my problem. I have a garden apartment off ...
I have the same situation. I sold my home in July and am scheduled to to close in a few ...
My cousin in Maryland going thru same thing as Jack Thomas. Have loan Mod Agreement from Countywide dated April 2009, ...
Print Ads is the popular way to advertise among seniors in the business industry but today it seems like it ...
Pingback by Richard Gere Sells Manhattan Townhouse for 12 Million — The Real Estate Bloggers on 11 July 2007:
[...] apartment values up 23 percent in New York this year, this is not a big surprise that the price sets a record for Gere. You have to figure there is a [...]
Pingback by Island Fantasies - Or, Ideas for That Year-End Bonus « Miss Expatria on 9 November 2007:
[...] beauty costs slightly more than the average New York City apartment. And we all know how spacious they can [...]