New York Property Price Trend 4Q 2010

Graph above shows Manhattan New York's property price trend from 1997 through 2010.  Average price per square foot was $328 in 1997 and appreciates to $1058 in 4Q 2010.  This equates to an average annual appreciation of about 10%.

Manhattan New York property appreciation, price trend

Manhattan, New York property appreciation and price trend.  Expected appreciation of about 10% per year.  Chances are it will not exceed appreciation rate in emerging markets like China or high speculation cities like Hong Kong.  Upside is that there's less volatility.

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Historical price trend

Price trend, appreciation of New York luxury residential property

Price trend, appreciation of New York luxury residential property and flats.

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New York property price trend chart

Residential property, flat price trend New York

Residential property (flat) price 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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