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Manhattan condo prices reach record on buyer bidding wars

Resale apartments and new projects each set their own price records amid interest from investors, homebuyers

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The average sale price of all co-ops and condominiums was US$1.87 million, up 11 per cent from a year earlier and the highest in 26 years of data-keeping, according to a report on Wednesday.

New York

MANHATTAN apartment prices jumped to a record in the second quarter, pushed up by competition for a limited number of properties and strength in the luxury market.

The average sale price of all co-ops and condominiums was US$1.87 million, up 11 per cent from a year earlier

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