Sales of Condos and Co-ops in Manhattan Rise — New York Real Estate

Sales of Condos and Co-ops in Manhattan Rise

by Raja Tayeb on April 5, 2010

condos in Manhattan

Sales of properties in Manhattan are roaring back as the financial services industry recovers and resumes hiring.

Two housing reports released Friday say that prices have dipped. A report by Brown Harris Stevens shows that the median sales price for condos was down 10 percent from a year ago. A similar report from Prudential Douglas Elliman Real Estate said the median sales price for condos was off 13 percent.

But as prices fall, sales are picking up. The Brown Harris Stevens report shows condo and co-op unit sales rose 92 percent compared with the first quarter of 2009. Prudential Douglas Elliman said condo sales rose 63 percent and co-op sales climbed 168 percent.

Source: Associated Press (04/02/2010)

Posted via web from New York Real Estate Access | Real Estate Blog

Advertisements
This entry was posted in New York Real Estate. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s