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In the 2017 Manhattan condo market, new dev is the weak link

In the 2017 Manhattan condo market, new dev is the weak link

New development condos were the weakest player in this year’s condo market, showing a 13 percent drop in sales volume relative to 2016 while the rest of the market remained mostly flat, according to a new report. The average price for a Manhattan condo stood at $3.1 million in 2017, the same as the previous year, when it set a record, according to the report from CityRealty, which is based on projected numbers through the […]


Source: realdeal

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