Cheaper Manhattan apartments draw buyers
After even seemingly-indestructable Manhattan real estate took a fall of its own, experts are questioning whether the market has bottomed out or if it is due to fall still more. Either way, Manhattan apartments are running 25 to 30% less than before the crash.
"A fall of more than 10 percent in the average apartment price in Manhattan in the third quarter from a year earlier attracted buyers who pushed up the number of sales by over 45 percent in just one quarter, industry reports showed Friday.Still, experts said it was too early to say the market had bottomed out..."
