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Manhattan Home Prices Reach Record $1.87M Average

(DNAINFO) Amy Zimmer — Just when you thought Manhattan home prices couldn’t climb any higher, think again.

The second quarter of 2015 was full of new records, real estate firms found.

The average sales price set a new high of $1.872 million, up more than 11 percent from the year before, according to aDouglas Elliman report released Wednesday.

Average sales for condos ($2.415 million) and co-ops ($1.538 million) hit records, rising 20 percent and 5.8 percent respectively, the report found.

 

Source: Manhattan Home Prices Reach Record $1.87M Average – East Harlem – DNAinfo.com New York