Did you know... while the average price for an apartment in Manhattan reached $1.4 million in the last quarter of 2007, up 17% from the 4th qtr of 2006, the prices were pushed to record levels because of the increasing number of apartments priced at more than $10 Million!
Another Record! The November 2007 sale of Trinchera Ranch in Colorado for $175 million set a new US residential record. This sale broke the previous US record of $103 million set earlier in the year in NY's Hamptons.
And the new world record?!? - try Sheikh Hamad of Qatar's acquisition of a penthouse condominium in London for 100 million pounds - equivalent to about $200 million!!!!
Fun Stuff!
Facts supplied by the Institute of Luxury Home Marketing
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