trend above shows stability of flat price in New York even during the 2009 economic crisis. During the 2009 downturn, the average property price in the US decreased by 35 percent. However, the average flat/residential property in New York decreased by about 20 percent. Manhattan New York has since rebounded from the low of 2009.
The average price of a residential flat in New York is $1095 per sq ft as of Q3 2010.
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