While most of the nation plods through a housing slowdown, Manhattan is experiencing its highest prices in history. The average price of a Manhattan apartment in the first three months of this year was $1.7 million, up 33.5 percent from the same period last year [...] A number of brokerage firms released data about the first quarter that generally showed the same trends. All showed that the median price of an apartment grew. According to Miller Samuel, it was up to $917,000 from $840,000, suggesting high prices for many types of apartments. The median price for studios rose by 22 percent, to $490,000 from $401,000; and the median price for one-bedroom apartments grew by 12 percent, to $750,000 from $669,000, [...]
The average price of a Manhattan apartment in the first three months of this year was $1.7 million, up 33.5 percent from the same period last year
[...]
A number of brokerage firms released data about the first quarter that generally showed the same trends. All showed that the median price of an apartment grew. According to Miller Samuel, it was up to $917,000 from $840,000, suggesting high prices for many types of apartments.
The median price for studios rose by 22 percent, to $490,000 from $401,000; and the median price for one-bedroom apartments grew by 12 percent, to $750,000 from $669,000,
Manhattan Apartment Prices Hit Record High
My offhand guess is that this is roughly the peak, but still... these prices, and it's Manhattan as a whole - an area with well over one and a half million people?!
The wide street is Broadway, the one along the wall is you've guessed it.
