Hello and welcome to our Manhattan luxury real estate blog. Halstead Property, LLC is one of the most visible and fastest growing residential real estate brokerage firms in New York. Headquartered at 770 Lexington Avenue, the firm has more than 600 sales and rental agents throughout eleven prime retail offices in New York City including six in Manhattan.

Manhattan Real Estate Market Trends – historical

Jun 02, 2009 | 0 comments |

Halstead Property recently published a five year analysis of Manhattan home prices from 2004 – 2008. Similar to our quarterly reports, our Five Year Market Report statistics are reported for Manhattan co-ops and condos overall and then by each major section of the city including East Side, West Side, Upper Manhattan, Midtown and Downtown.

The report shows an incredible increase in prices during this timeframe. The average apartment sales price rose 79% and the median price experienced a 70% increase.

Also included in the report are summaries of some of the economic factors that affect the market such as employment data, Wall Street, building permits and interest rates.

Whether you are a real estate enthusiast or in the market to buy or sell a home, this report gives insight. Try comparing it to our First Quarter Market Report for extra information.

Posted By: Sharon Michnay

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