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Manhattan home prices rise: Average pad costs $1.4 mln

Posted on 05 October 2011

Taking advantage of a weak U.S. dollar and a beaten down housing market, foreign buyers helped push Manhattan home prices slightly higher in the third quarter, according to the city’s top residential real estate agents.
The average price for a condo or co-op in the city climbed to $1.42 million in the three months ended September 30, up 3% from the second quarter, according to realtor Corcoran Group……………………………………….Full Article: Source


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