Apartments in Manhattan on Split Paths
Strong demand at the upper end of the Manhattan housing market has created excitement in apartment sales, while overall sales volume is being tempered by sluggish sales of lower-priced apartments. Sales of condominiums and co-op apartments is down 11% compared to Q2 2010 and prices remain flat. Although sales in contract on apartments selling for more than $5 million is 38% ahead of Q2 2010, moneyed buyers see the Manhattan market as an investment opportunity and are sensitive to overpaying for a listing.
Source: The Wall Street Journal
Continue Reading at: Apartments in Manhattan on Split Paths
Related Posts
Alpha Properties NYC Manhattan Real Estate Blog - Read The Story from June 21, 2011 »