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Citywide condo, co-op sales are strong. Check out this map featuring neighborhoods and sale prices
July 9, 2015
The number of condo and co-op sales and prices in the five boroughs picked up in the second quarter of 2015, according to a report released Thursday by the Real Estate Board of New York.
A total of 6,282 apartments were sold in the quarter, a 6% increase from the same period last year. Meanwhile, higher demand for Manhattan condos and price increases in Brooklyn and Queens boosted the citywide median apartment sale price by 6% to $581,000 and the average price by 13% to $1.1 million from the same period last year. A lack of units for sale also pushed prices higher. Overall, New Yorkers in the second quarter invested $7 billion in new apartments.