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Manhattan condo market rebounds from 2009, still far cry from pre-bust levels

Manhattan condominium prices climbed 9.4 percent in August, compared to the same month a year earlier, according to Radar Logic’s monthly Manhattan condo market report (see full report below). Transactions borough-wide increased 12.8 percent during that time, as well. But, despite this recovery from 2009, activity and pricing are still a far cry from pre-crash levels, according to the report. This year, through Aug. 31, has posted the second-lowest transaction count that Radar Logic has ever recorded. Six of the eight neighborhoods did see price year-over-year price increases, according to the report, with Midtown and East Village/Lower East Side showing the biggest gains — 15.8 percent and 15.2 percent, respectively. Murray Hill/Gramercy and the Financial District, meanwhile, posted declines of 2.1 percent and 4.4 percent, respectively. TRD
 

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