Bubble Wrap
Entry
NYC Real Estate '06 Review
Over at the NY Post, Max Gross does a solid review of the NYC real estate market highlights from 2006. In The Big Picture: The Highs and Lows of 2006, and What to Expect in 2007 , Gross takes a good look at 15 CPW and other important developments, as well as the factors contributing to the overall tone of the market as we enter the new year.
And appraiser Miller Samuel reports that the average price of a Manhattan apartment ($1,323,923) was 7.5 percent higher in the first three quarters of 2006 than the first three quarters of 2005, although units have stayed on the market an average of 35 days longer this year.
“You saw the separation of the men from the boys,” says Shaun Osher, CEO of Core Group Marketing. “Well-conceived product is selling as well as ever. Not-so-well-conceived product is not selling.”
