Manhattan Luxury Market Report
Manhattan’s luxury market is defined as the top 10% of all co-op and condo transactions. During First Quarter 2012, an international buyer set a new Manhattan sales record with a purchase price of $88 million or $13,049 per square foot. This sale, amongst numerous others in the eight figure range, including a $42 million sale on Fifth Avenue, proves that the high end of the market continues to thrive. Luxury median price increased 10% from a year ago and 11% from last quarter to $4.55 million. Luxury average price per square foot increased 13% from a year ago and 10% from last quarter to $2,171 per square foot.
If you have questions about this report or about Manhattan real estate in general, I'm ready to provide you with expertise and seasoned insight. Looking forward to working with you.
Full Manhattan Market Report First Quarter 2012
Comprehensive Market Analysis of the Manhattan real estate market
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Mitchell - Thank you for sharing detailed quality information on Manhattan Luxury market report, first quarter 2012.
Mitchell, very impressive, nothing like NYC Real Estate!