The 2010 real estate market in Manhattan will be remembered for slow but steady growth, with luxury sales of $3 million and up finally making a strong return in the final months of the year,
According to Sophia Song, vice president for research at Streeteasy.com, said, “It was clearly the luxury market that was driving the overall market in the fourth quarter of 2010.” The number of co-op and condominium sales for $3 million or more went to 180 in the last quarter of 2010, from 132 in the fourth quarter of 2009, an increase of more than 36 percent.
http://www.nytimes.com/2011/01/04/realestate/04market.html?_r=2&emc=eta1
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