Manhattan Real Estate Prices Drop 4Q’09

Posted by Wei Min Tan on October 30, 2017



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



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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641 Lexington Avenue,
22nd floor,
New York, NY 10022

About Wei Min

  • Focuses on investors of Manhattan condominiums, interviewed by CNBC, CNN, Wall Street Journal, New York Times
  • Ex-Citibanker, managed $500 million portfolio
  • MBA, University of Illinois at Urbana-Champaign
  • Manhattan resident since 1999. Currently lives in Tribeca with wife and 2 kids
  • 352 burpees in 23 minutes, student of muay thai kickboxing

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