Photo by Kevin Lee on Unsplash
NEW YORK CITY—For Manhattan co-ops and condos the number of sales rose year-over-year for the first time in seven quarters following six straight quarters of decline, according to Douglas Elliman.
The residential real estate brokerage's Q2 2019 Market Report indicated in Manhattan the most significant rate of annual sales growth occurred in the $2 million to $5 million sales range. Median prices rose to $1,215,000—a new record, according to Douglas Elliman. The report noted a 1.7% price per square foot increase to an average of $1,762.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
