Manhattan, New York real estate, one of the world's best investments. Buying the right condo, renting out to tenants and eventually selling. By Weimin Tan, top Manhattan agent with media interviews by CNBC, CNN, New York Times, WSJ. Ex-Citibanker, originally from Malaysia, Manhattan resident since 1999, fitness enthusiast. tan@castle-avenue.com
Sunday, December 19, 2010
Manhattan median price growth #1 in nation
Manhattan, New York is #1 in the US for median home price growth from 2005 - 2009. The median value jumped by $350,600 per home between 2005 and 2009 to $800,400, an increase of 78 percent. This works out to an average of 15.5% per year.
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