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Average Manhattan apartment above $1M for first time.

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Average Manhattan apartment above $1M for first time.
Topic: Home and Garden 6:51 pm EDT, Jul 13, 2004

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.

Average Manhattan apartment above $1M for first time.



 
 
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