Manhattan Condos - New Developments - Conversions - Resales: Manhattan Luxury Market Report | First Quarter 2012

Manhattan Luxury Market Report | First Quarter 2012

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.

 

Manhattan Luxury Market Report - 1Q-2012 

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

 

 

 
   

________________

©Mitchell Hall 2006-2013

All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission. 

Blogging about Manhattan Real Estate since 2006

Mitchell Hall (Licensed as Mitchell J Hall)

Licensed Associate Real Estate Broker
Office (212) 877-6268 | iPhone (917) 312-0924
MHALL@Corcoran.com

Manhattan Seller | Manhattan Buyer | New Developments | Market Reports | Neighborhoods

 

My Google Profile

Corcoran Group         Google +

 
          Call Mitchell Hall @ 347-921 HALL (4255)
2 commentsMitchell J Hall • April 05 2012 09:48AM

Comments

Mitchell - Thank you for sharing detailed quality information on Manhattan Luxury market report, first quarter 2012.

Posted by John Pusa, Your All Time Realtor With Exceptional Service (Sellstate Pacific Realty) over 2 years ago

Mitchell, very impressive, nothing like NYC Real Estate!

Posted by Ellen Caruso (Daniel Gale Sotheby's International Realty) over 2 years ago

This blog does not allow anonymous comments