Upper East Side townhouse sales prices spike

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]