Ignite FB Tracking PixelManhattan real estate prices reach record as buying ‘frenzy’ takes hold - Andrew Oliver
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Manhattan real estate prices reach record as buying ‘frenzy’ takes hold

by Andrew Oliver 07/07/2021

Manhattan real estate prices reached an all-time high in the second quarter, as buyers returned to the city and boosted demand for the largest, most expensive apartments, according to new reports.

The median resale price for Manhattan apartments hit $999,000 in the second quarter — the highest on record, according to a report from Douglas Elliman and Miller Samuel. Average sale prices rose 12% in the quarter, topping $1.9 million.

Manhattan real estate

The price jumps and shrinking inventory suggest the Manhattan real estate rebound continues to gain momentum, as more families look to trade up to larger apartments and buyers look to take advantage of lower prices and low mortgage rates.

“It’s a sign of the frenzy and intensity of the market,” said Jonathan Miller, CEO of real estate appraisal firm Miller Samuel. “It’s rebounding much faster than most participants expected.”

Click here to read the full article on CNBC.

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Andrew Oliver
REALTOR® | Market Analyst | DomainRealty.com
Naples, Bonita Springs and Fort Myers

[email protected]
m. 617.834.8205
www.AndrewOliverRealtor.com
www.OliverReportsFL.com

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Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby's International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205

www.OliverReportsMA.com
[email protected]

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReports.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”

About the Author
Author

Andrew Oliver

I am a Realtor licensed both in Florida, where I am registered with Domain Realty with offices in Naples, Bonita Springs and Fort Myers; and Massachusetts, where I am the Market Analyst for Team Harborside of Sagan Harborside Sotheby's International Realty with offices in Marblehead and Swampscott.

Through my blogs, www.OliverReportsFL.com and www.OliverReportsMA.com, I am known for producing the most comprehensive and informed statistics and commentary on the real estate market, property taxes, mortgage rates and anything else that influences real estate decisions. 

I am detail orientated, can produce up-to-the-minute market reports, as well as current information on mortgage options and insurance (particularly important in Florida this year!)  

Call me on 617.834.8205 to discuss your property needs.