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Apartments -
NYC Real Estate News
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Tuesday, 30 November 1999 00:00 |
From an article at The Real Deal.
The sales price of homes in Manhattan dropped by 7.9 percent this summer according to a report from Halstead Property. Manhattan apartments average sales price dropped from $1.3 million in June to finish at $1,205,042 in August. The median sales prices in Manhattan also dropped by 5.4 percent with prices in June at $799,000 to $755,250 by the end of August.
A 3.5 percent quarter-over-quarter drop in sales as well as an all time high of unsold apartments in Manhattans reached 7,640, a 10.7 percent increase according to a second quarter report by the appraisal firm of Miller Samuel.
Even the National Association of Realtors reported that the number of existing home sales nationwide would be 7.6 percent lower in 2006 than in 2005.
Though the numbers for August remained lower than June, the Halstead report did note that there was a 4.6 percent average sales price jump from July to August, and a median sales price increase from $747,750 to $755,250.
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