Manhattan's luxury real estate market sees best first quarter in six years

Manhattan's luxury real estate market sees best first quarter in six years

Manhattan apartment sales rose 29% in the first quarter, and the total value of apartment sales in the city reached $5.7 billion, up 56%.

Manhattan Home Sales Soar as Buyers Seize on Mortgage Rate Dips

Manhattan home sales had a strong start to the year as a bigger share of buyers chose to bite the bullet and accept elevated mortgage rates.

East End home sales and prices on the rise

First quarter home sales volume in the Hamptons jumped 32 percent from a year ago.

Cash transactions accounted for as much as 58 percent of all sales in the quarter, while for more expensive apartments, above three million dollars, this share reached as much as 90 percent.

A&E Real Estate Buys Apartment Building on Manhattan’s Upper East Side for $116.5M

NEW YORK CITY — A&E Real Estate has purchased Rivers Bend, a 22-story, 179-unit apartment building located at 501 E. 87th St. on Manhattan’s Upper East Side, for $116.5 million. The sales price equates to roughly $547,000 per unit. The doorman- and elevator-served building was originally constructed in 1963. Select units feature private balconies/patios, and amenities include a rooftop terrace with an enclosed pool and a fitness center. Jack Bri…

Manhattan home prices soar to median $972,000 - Finnoexpert

While home prices in other parts of the country are still 20% below their housing boom peak, demand for large, luxury apartments has helped home prices in Manhattan almost fully recover from the housing bust. During the first quarter, the median sales price for a condo or co-op in Manhattan rose 18.5% year-over-year to $972,000, according to Douglas Elliman. That’s more than four times the median U.S. home price of $205,000. Yet, in most parts …