Manhattan Luxury Market Report | First Quarter 2012

By
Real Estate Broker with The Corcoran Group

Manhattan Luxury Market Report


Manhattan’s luxury market is defined as the top 10% of all co-op and condo transactions. During First Quarter 2012, an international buyer set a new Manhattan sales record with a purchase price of $88 million or $13,049 per square foot. This sale, amongst numerous others in the eight figure range, including a $42 million sale on Fifth Avenue, proves that the high end of the market continues to thrive. Luxury median price increased 10% from a year ago and 11% from last quarter to $4.55 million. Luxury average price per square foot increased 13% from a year ago and 10% from last quarter to $2,171 per square foot.

 

Manhattan Luxury Market Report - 1Q-2012 

If you have questions about this report or about Manhattan real estate in general, I'm ready to provide you with expertise and seasoned insight. Looking forward to working with you.

 

Full Manhattan Market Report First Quarter 2012

Comprehensive Market Analysis of the Manhattan real estate market

 

 

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Topic:
Real Estate Market Trends
Location:
New York New York County Manhattan
Groups:
Market Reports
THE LANGUAGE OF LUXURY
LuxuryRealEstate.com Network For ActiveRain Members
International Real Estate
Luxury Home Agents
Tags:
market report first quarter 2012
manhattan luxury market

Comments 2 New Comment

Rainmaker
1,079,639
John Pusa
Your All Time Realtor With Exceptional Service
Sellstate Pacific Realty

Mitchell - Thank you for sharing detailed quality information on Manhattan Luxury market report, first quarter 2012.

April 05, 2012 11:30 AM
Rainmaker
404,680
Ellen Caruso
Daniel Gale Sotheby's International Realty

Mitchell, very impressive, nothing like NYC Real Estate!

April 06, 2012 06:07 PM
Rainmaker
499,618

Mitchell J Hall

Lic Associate RE Broker - Manhattan, NYC
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