New development prices in Manhattan are up 50 percent from 2013. Sales of new condominium developments from 2015 and 2019 are expected to total between $27.6 billion and $33.6 billion. The average price for a new development is expected to rise to $5.9 million in 2015, an increase from $4.8 million last year. View the full report online here.
industry-report
May 2015 Manhattan new developments: CityRealty
New development prices in Manhattan are up 50 percent from 2013. Sales of new condominium developments from 2015 and 2019 are expected to total between $27.6 billion and $33.6 billion. The average price for a new development is expected to rise to $5.9 million in 2015, an increase from $4.8 million last year. View the full report online here.