Median Apartment Price in Manhattan Climbs Above $1 Million for First Time

Manhattan Real Estate Records of 2015
Manhattan Real Estate Records of 2015
Photo: CityRealty
Average and Median Sales Prices Since 2005 for Co-ops and Condos
Average and Median Sales Prices Since 2005 for Co-ops and Condos
Photo: CityRealty

The median apartment sales price in Manhattan has surpassed $1 million for the first time ever in 2015.

“For the second year in a row, Manhattan real estate prices soared, setting new records. For the first time, the median price for an apartment—including both co-ops and condos—was above $1 million.” This is according to CityRealty‘s newly released Year-End Manhattan Market Report, which puts the median price at $1.1 million, 13% higher than last year and 60% higher than 2005. Additionally, the average apartment sales price ($1.9 million), the average condo price ($2.6 million), and the average co-op price ($1.4 million) all broke 2014′s records by $100,000.

Read the full report on City Realty for more insights.

via 6sqft

Matt Coneybeare

Matt Coneybeare

Editor in Chief

Matt enjoys exploring the City's food scene with his Wife and the outdoors with their dog. He is an avid marathon runner, and spends most of his time eating, running, and working on cool stuff.

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