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NEW YORK CITY—For Manhattan co-ops and condos the number ofsales rose year-over-year for the first time in seven quartersfollowing six straight quarters of decline, according to DouglasElliman.
The residential real estate brokerage's Q2 2019 Market Reportindicated in Manhattan the most significant rate of annual salesgrowth occurred in the $2 million to $5 million sales range. Medianprices rose to $1,215,000—a new record, according to DouglasElliman. The report noted a 1.7% price per square foot increase toan average of $1,762.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
