Not that I would *EVER* want to live there but WTF?!?! I want to ride to the ridge Where the west commences And gaze at the moon Till I lose my senses And I can't look at hovels And I can't stand fences Don't fence me in... NEW YORK (CNN/Money) - The average price of a Manhattan apartment has topped $1 million for the first time, according to a new survey. The average sale price for a Manhattan apartment rose to $1.05 million in the second quarter, up 4.9 percent from the first quarter and a whopping 20.9 percent from $866,970 a year earlier, according to New York-based real estate brokerage Douglas Elliman and appraisal firm Miller Samuel. The median price, or mid-point of prices paid, rose 7.8 percent from the previous quarter to a record $674,000, indicating strong demand at the higher end of the market, the real estate firms said in their report. |