Upper Manhattan condo prices spike in ’05

Manhattan south of 42nd Street finished 2005 with the highest median sales price for condos, according to a report released Thursday by the Real Estate Board of New York. Condos there sold for a median price of $849,000, a 27 percent increase over 2004. Upper Manhattan condos, meanwhile, had the highest percentage increase in 2005, climbing 46 percent to a median sales price of $364,609. more [Post]