Manhattan sales prices still lower than pre crash levels: Report
The cost to own Manhattan real estate surged over the last nine years as new homes popped up, a real estate report found.
The average sales price for a Manhattan home was $1,417,080 in 2012, a 66% increase from 2003, when it was about $850,000, according to a Douglas Elliman report.
The prices hit their peak at $1.6 million in 2008, before the economy fell.
Although Manhattan experienced a 12-year low in home listings in 2012 with 4,749, lower-priced homes seemed popular with a record 2,598 sales, according to the report.
Warnings before COVID vaccine fraud Doctors accused an LI nurse of faking childhood vaccines yet she kept practicing for years. The DA never investigated. NewsdayTV's Ken Buffa and Newsday investigative reporters Jim Baumbach and David Olson have the story.
Warnings before COVID vaccine fraud Doctors accused an LI nurse of faking childhood vaccines yet she kept practicing for years. The DA never investigated. NewsdayTV's Ken Buffa and Newsday investigative reporters Jim Baumbach and David Olson have the story.
