Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

A series of real estate reports released today remind that Manhattan is an island in more ways than one, with a surge in co-op and condo sales and a rise in prices despite the national slowdown in housing. Brokerage company Halstead Property LLC reported that the average price per square foot of Manhattan cooperatives and condos jumped 25.8 percent in the third quarter and the median sale price rose 12.4 percent compared to the same quarter last year. A separate third-quarter report prepared for Prudential Douglas Elliman by appraisal firm Miller Samuel Inc., found that the average price per square foot of Manhattan co-ops and condos jumped 9 percent in the third quarter compared to the same quarter last year, with the average sale price up 6.3 percent and the median sale price up 2.3 perc...