The combination of the lawsuit and the upcoming election are shining the brightest spotlight on the issue of real estate sales price
disclosure since 2007, when a Task Force on Appraisal Reform appointed by Gov.
Downtown prewar condominium units reported the highest median sales price
, soaring 31% to $1,499,000, the greatest percentage increase.
The average sales price
for a condo in Queens showed similar gains, increasing by five percent to $456,000 from last year.
Cooperative average sales prices
also increased citywide by 26 percent to $713,000.
All Apartments: Year to Year--The average sales price
of an apartment in New York City during the fourth quarter of 2010 was $889,000, a 13 percent increase year on year.
com, the public real estate listings Web site of The Real Estate Board of New York (REBNY), also found that the average sales price
for all homes citywide (which includes cooperatives, condominiums, and one-to-three family dwellings) increased 15 percent to $728,000 compared to the second quarter of 2009.
com Quarterly Report, which compiles data provided by the New York City Department of Finance, found that average sales prices
of condominiums in New York City fell 10 percent to $1,156,000.
16 on its annual list of the 250 richest towns in the country, based on median home sales prices
The report, which tracks the sales prices
of all homes in New York City found that apartment prices citywide increased 21% to $1,007,000, compared to the second quarter of last year.
Northern Manhattan median sales prices
for condominiums showed significant percentage increases, with small apartments of 650 s/for less up nearly 26% over 2005 and mid-size apartments between 851 and 1,000 s/f up by 55%.
The median sales prices
for New York City apartments climbed 16 percent to $525,000 compared to $452,000 last year.
Northern Manhattan and East Side condos showed significant increases in median sales prices