Real estate listing and data website CityRealty forecasts the median sale price of new condos in Manhattan to reach $3.35 million in 2016, and $3.625 million in 2017. With prices of new condos in manhattan soaring the director of research at CityRealty, Gabby Warshawer, claims "we are shaking off the hangover of late 2008." Although the New York housing market may be on the rise, these new and expensive luxury condos are taking up space like "McMansions in the sky." As the prices of new condo units outpace the rest of the Manhattan condo market, with new development sales expected to bring in $27.6 to $33.6 billion from 2015-2019, its clear the richest among us in our ever widening wealth gap have some quality luxurious listings to browse.
http://money.cnn.com/2015/04/28/real_estate/price-manhattan-new-condo/index.html
No comments:
Post a Comment