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Average price for Manhattan apartment over 1.1million dollars

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#1

Average price for Manhattan apartment over 1.1million dollars

"The average price of a Manhattan apartment rose 3.3 percent from the prior quarter and 20.3 percent from 2004, to $1,187,404. The median Manhattan apartment price inched up 1.3 percent from the third quarter and 25.6 percent from the prior year, to $760,000, according to the Prudential report."
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"Fundamentalism means never having to say 'I'm wrong.'" -- unknown
#15

re: Average price for Manhattan apartment over 1.1million dollars

San Francisco is *crazy*. when I moved there in 2000, it took me two months to find a studio...at $2,350 a month. NUTTY. I finally said "screw it" and moved to Walnut Creek.
Suzanne: I never use catalogs. I'd rather go in the store and see all the salespeople groveling and sucking up to you. Julia: Pardon me, I never knew they were so solicitous at the K-Mart.
#16

re: Average price for Manhattan apartment over 1.1million dollars

This "average" comes up all the time and it's misleading. Real estae professionals point out that New York has a disproportionately larger number of high-price apartments, and these apartments skew the average higher.
#18

re: Average price for Manhattan apartment over 1.1million dollars

Crazy SF is RIGHT, Jailyardguy. I'm a native here and things were ok up until 1999-2000- then all those DotComs came in and completely ruined the market. I went from paying $600 for a 1 bedroom apt to $1,495 for the same square footage. IN ONE YEAR!

Then, when the Dot Com's crashed (and all those POOR millionares were crying on the news about how they were having their mansions foreclosed on now), we all waited for sanity to return.

It never did.

$760,000 will buy you a crack house in the East Bay. 1 Bedroom, no parking - BART in your backyard.
"My dreams, watching me said, one to the other...this life has let us down."
#20

re: Average price for Manhattan apartment over 1.1million dollars

I was one of those whining dot commies. re: Average price for Manhattan apartment over 1.1million dollars Too bad I didn't have more sense than money...I might not be living in Outer Brooklyn right now.

My partner and I moved from Walnut Creek back to the city shortly after I got my first bonus, and we had to sell our place in Pac Hts about two years later (of course, we were also in the process of bitterly dissolving our pathetic sham of a relationship, so it would have happened anyway). We paid about 40% too much for it, and didn't do so well in that little deal...it's kind of horrifying how it never recovered, though. After the crash, I moved back to the East Bay and was kind of shocked at how much prices had gone up in CoCoCo in just under 2 years...kind of nutty.
Suzanne: I never use catalogs. I'd rather go in the store and see all the salespeople groveling and sucking up to you. Julia: Pardon me, I never knew they were so solicitous at the K-Mart.
#21

re: Average price for Manhattan apartment over 1.1million dollars

I dream of rent control, MEF. SF has it somewhat, but the landowners have so many loopholes in the laws that the serfs are evicted anyway.

I remember a popular loophole they used when the dot coms were in the money:

We are getting out of the renting business, so you are all evicted and we are moving in.

Two months later:

We changed our mind, we now want to move out and rent to serfs again. By the way, the rent will be increased from 1,000 for the closet unit to 2,000.


They still do that trick today; SFgate just ran a story regarding the rise in evictions yesterday.
"My dreams, watching me said, one to the other...this life has let us down."

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