It always helped to have lots of money to buy Manhattan real estate, perhaps now more than ever. Residential real estate sales skyrocketed in the first quarter of 2010 — there were 2,384 transactions in the first three months of 201o, double the number for the first quarter of 2009, according to a report by Prudential Douglas Elliman and Miller Samuel.
What’s more, prices have rebounded as well. Half of the units sold were priced at $868,000 or more — a 7 percent jump from the previous quarter and not far off median selling prices during the boom years.
Read the full article, “Manhattan Apartment Sales Surge” at HousingWatch (April 2, 2010).