High-end Sales Up, Prices Flat

5. Sales of high-end pads jump 36% - The number of contracts signed in Manhattan at over $4 million so far this summer stands at 106. Prices, however, are flat and properties are taking slightly longer to move. :: http://www.crainsnewyork.com/article/20120820/REAL_ESTATE/120829993#utm_source=Daily%20Alert&utm_medium=alert-text&utm_campaign=Newsletters "the Olshan report found that high-end... [more]

5. Sales of high-end pads jump 36% - The number of contracts signed in Manhattan at over $4 million so far this summer stands at 106. Prices, however, are flat and properties are taking slightly longer to move. :: http://www.crainsnewyork.com/article/20120820/REAL_ESTATE/120829993#utm_source=Daily%20Alert&utm_medium=alert-text&utm_campaign=Newsletters "the Olshan report found that high-end apartments that went into contract this summer have been on the market for an average of about eight months, or 269 days. That is six weeks longer than homes priced at $4 million and up last summer that had been on the market. Despite an uptick in the number of sales, prices have remained unchanged from last year. Median price this year and last year was about $6.3 million for the summer period to date, according to Ms. Olshan." [less]