> Uptown Manhattan Home Price Up 349.3 Pct from 1995
>
> Wed Feb 23,12:39 AM ET
>
> By Ilaina Jonas
>
> NEW YORK (Reuters) - In uptown Manhattan, condo and
> co-op apartments sold for a median price of $305,490
> in 2004 -- up a whopping 349.3 percent from $68,000
> in
> 1995 -- according to a real estate report released
> on
> Wednesday.
>
> And the 2004 price is up 32.8 percent from $230,000
> in
> 2003.
>
> Those figures shatter an urban dream that came true
> often enough in the past: Someone willing to venture
> far north of the nosebleed street numbers -- north
> of
> 116th Street on Manhattan's West Side or 96th Street
> on the East Side -- had a good shot of finding an
> apartment to buy for a bargain price.
>
>
> No longer.
>
> [...]
>
> WHERE $1 MILLION IS 'AVERAGE'
>
> Overall, the average sales price of a co-op and
> condo
> apartment on the entire island surpassed $1 million
> for the first time to $1,004,232 in 2004 -- up 140.5
> percent from the average of $417,585 in the previous
> decade -- and 18.1 percent higher than 2003's
> average
> of $850,340.
>
> In 2004, the average price per square foot set a
> record of $767 per square foot for residential real
> estate versus $324 per square foot in 1995 -- and
> above $672 a square foot in 2003.
>
> The median sales price exceeded $600,000 for the
> first
> time in 2004 and reached $605,859 -- up 192 percent
> from $207,500 in the previous decade -- and up 22.4
> percent from $495,000 in 2003.
>
>
> =====
> "I'm not too worried by hegemony / I know the cadre
> will look after me" - Magazine, "Model Worker," 1978
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