Average Condo Sale in Manhattan Reaches $2.9M, Setting New Record
![Average Condo Sale in Manhattan Reaches $2.9M, Setting New Record Average Condo Sale in Manhattan Reaches $2.9M, Setting New Record](https://importer-dev.6sqft.com/wp-content/uploads/2016/05/CityRealty-2016-condo-sales-1.jpg?w=1560&format=webp)
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.
[Via CityRealty]
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