![Manhattan Real Estate Records of 2015](https://cdn.viewing.nyc/assets/media/c63702676ae4678e93bf5f39ea35aa02/elements/976ae2095eca97664091ab48c84adac1/xl/91cd6684-09ff-4709-b1a0-1dd5eb765d17_2x.png)
![Average and Median Sales Prices Since 2005 for Co-ops and Condos](https://cdn.viewing.nyc/assets/media/5fc10ed40d691216e3042424c62db5f8/elements/9d3498bde8c3a56f4ffa3b1ea44f8d50/xl/ad6757b9-fc4d-4b36-828a-081b5c9dfac7_2x.png)
The median apartment sales price in Manhattan has surpassed $1 million for the first time ever in 2015.
“For the second year in a row, Manhattan real estate prices soared, setting new records. For the first time, the median price for an apartment—including both co-ops and condos—was above $1 million.” This is according to CityRealty‘s newly released Year-End Manhattan Market Report, which puts the median price at $1.1 million, 13% higher than last year and 60% higher than 2005. Additionally, the average apartment sales price ($1.9 million), the average condo price ($2.6 million), and the average co-op price ($1.4 million) all broke 2014′s records by $100,000.
Read the full report on City Realty for more insights.
via 6sqft
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