Manhattan Real Estate Prices Drop 4Q’09

Posted by Wei Min Tan on October 30, 2017

Publication:  TheStreet.com

 

Summary:  Write up about Manhattan property prices in Q4, 2009

 

Excerpt:

The city’s major brokerages reported prices in the fourth quarter of 2009 in the Manhattan real estate market decreased from a year ago while sales increased. I expect this trend to continue into early 2010.

Prudential Douglas Elliman and Miller Samuel reported that the median sales price of an apartment in the fourth quarter of 2009 was $810,000, down 10 percent compared to a year ago.



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Wei Min Tan is a property broker focusing on Manhattan, New York luxury condominiums and foreign buyers. He is often interviewed by the media including CNN, The New York Times and The Wall Street Journal on the subject of foreign buyers of Manhattan property.