Upper East Side townhouse sales prices spike

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The average sales price for an Upper East Side townhouse jumped 64 percent from the first quarter of 2005 to the first quarter of 2006 to more than $8 million, according to a market report from the Corcoran Group. [far down] more [MSNBC]
Such a price jump came during a first quarter where Manhattan housing prices increased, generally, no matter the size of the home. The borough’s housing market, though, while strong, is not as strong as it was a year ago — especially if you’re a seller. more [Matrix]