Average Apartment Price in Manhattan Topped $2 Million

Most people around the world would retire comfortably with $2 million, but in Manhattan $2 million is just the average price of an apartment. Oshrat Carmiel writes on Bloomberg: “The average price of all Manhattan home purchases completed in the three months through March was $2.05 million, up 18 percent from a year earlier and the highest in data going back to 1989, according to a report Friday from Miller Samuel and brokerage Douglas Elliman Real Estate. The price per square foot of all co-ops and condos that changed hands in the period jumped 36 percent to $1,713 on average, also a record.” (bloomberg.com)