New York real estate prices reach record high levels
Real estate prices in Manhattan grew between 9.5-12% over the last 12 months, according to new data from several brokerage firms.
New York continues to be an attractive market for both locals and internationals.
Median rent prices in Manhattan reached an all-time-high of $3,339. Brooklyn saw a more gradual rise in median rent of 1.5 percent.
Median home sales also rose, with Manhattan resale prices reaching a record $982,958, which is 6.3 percent higher than 2014. In Brooklyn, the price index climbed 9 percent from the previous year, reaching a record high of $545,139.
Source: Luxury Daily Oct 30 2015