For the second quarter in a row, average condo sales prices in Manhattan are breaking records. The first three months of 2016 saw $4.59 billion in aggregate sales, breaking the previous record of $4.57 billion that was set last quarter, according to data from CityRealty. The average sales price topped out at $2.9 million, also significantly higher than last quarter’s $2.5 million. These figures aren’t surprising considering 24 percent of all condo sales during the beginning of this year were at or above $10 million, with new luxury developments like 432 Park Avenue, The Greenwich Lane, and 150 Charles Street accounting for the uptick.
- Infographic: The 12 Most Expensive Condo Buildings Rising in NYC
- Median Sale Price in Manhattan Hits 27-Year High at $1.15M
- NYC Dominates the Country in $10 Million-Plus Sales, See Them All on 6sqft’s Interactive Map
Tags : record breakers