Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Just Published: Halstead Annual Report 2003-2016
Over the past 14 years, Halstead has offered the most comprehensive annual report available on the Manhattan apartment market.
Over 200,000 verified sales are included, a number of which were recorded after our quarterly market reports were released.
Also provided is a summary of relevant economic indicators, including data on employment, Wall Street, building permits and interest rates.
Highlights in the report:
• Manhattan apartment prices averaged a record $2,063,252 in 2016, 14% higher than the prior year.
• New developments were solely responsible for the increase in average price, as resale prices declined slightly last year.
• The average new development price of $4,082,292 in 2016 was 34% higher than the year before, and a new record.
• A new record was set in the median apartment price, which crossed $1 million for the first time.
• Market volatility and political uncertainty led to 8% fewer closings than in 2015.The 12,958 reported sales was the lowest annual figure since 2011.
• While Midtown East saw its average price jump 64% last year, this was due to the large number of closings at 432 Park, which inflated 2016’s data.
• Both Downtown markets and Upper Manhattan saw their average ... more

__________________________________________________
Are you on The Rain? Grow Your Network!