Research Papers
Business360 Inc.
09/19/2005, 28 Pages
An economic review of the Manhattan residential real estate market
John Marchant, Roger Sharp
We have long been bullish on the Manhattan real estate market and following recent rapid price rises and much talk of a “housing bubble” a number of commentators and analysts asked us to revisit our analysis. This is a fresh look at the situation; please refer to our September 2004 report that has fuller coverage of some of the issues we touch on here.
According to the latest data (Q2 2005) from Miller Samuel, New York’s largest real estate valuations company, the average sales price in Manhattan rose to a record $1,317,528, up $307,530 (30.4%) from last year’s $1,009,998. This increase is alone over three times the personal per capita income for the area...
To purchase a copy (US$449), go to
http://www.business360.com/whatwedo/realestate.asp
for more information.
Miller Samuel has received no direct compensation for participating in this study.
