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
Showing posts with label transactions. Show all posts
Showing posts with label transactions. Show all posts
Monday, January 31, 2011
New York Property Report 4Q 2010
* Median property prices up 3% to 11% depending on which report you read. Median price $845,000.
* Average price up as much as 14% driven by properties $3 million and above.
* Still lower than peak of 2008 but higher than bottom of 2009.
* Returning to normal (not crazy) growth rate. Expect slow and steady appreciation.
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