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by CareyBot

Median sales prices for Manhattan cooperatives and condominiums increased 13 percent in the first quarter to $749,000 compared to first-quarter 2005, the Real Estate Board of New York reported today. The median price of condos gained 22 percent to $838,000 while the price of cooperatives grew 5 percent to $665,000 compared to first-quarter 2005. REBNY's Quarterly Residential Report incorporates sales data from Manhattan's largest brokerage firms and a group of smaller residential brokerage firms. East Side apartments had median sales price increases of 24 percent to $876,000 in the first quarter, compared to first-quarter 2005. This was the highest gain among all Manhattan neighborhoods surveyed. East Side condominium units had a 35 percent gain in median sales price, to $958,000. ...