q3 2014 manhattan market report: Halstead Property Q3 2014 Manhattan Market Report
- 10/12/14 12:58 AM
The average price for all Manhattan apartments was $1,675,021 in the third quarter, 18% more than a year ago. While this is slightly below the record level of 2014’s first quarter, it is the second highest average price ever. Much this increase over the past year has been due to luxury activity, as the median price rose only 3% during this time to $898,500. Lower inventory combined with rising prices led to fewer sales than a year ago, with reported transfers down 15%. Resale apartment prices averaged $1,545,875, or 13% more than in 2013’s third quarter. Helped by a
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