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nickbp
Joined: 26 Feb 2009
Posts: 75
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 Posted: Thu Jul 02, 2009 4:51 am GMT Post subject: Sharp Price Drops in Manhattan Apartments |
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http://www.nytimes.com/2009/07/02/nyregion/02real.html
"[A report by Brown Harris Stevens and Halstead Property] put the median sale price at $795,000, 19 percent below the figure in the first quarter of 2008.
Another report, by Prudential Douglas Elliman, found that the median sale price on the resale of existing apartments was down by 25.6 percent from a year earlier.
[...] decline in sales of new condos at 61.7 percent. "
So much for 'expensive=immune' |
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