More evidence a new Fed manipulated boom is on.
Manhattan apartment prices reached new highs in 2015, with the typical price of a co-op or condominium topping $1 million for the first time, reports WSJ.
The median price of a Manhattan apartment rose to nearly $1.1 million, an increase of 13.5% from $965,000 from both the previous quarter and the fourth quarter of 2014, according to an analysis of city Department of Finance data by WSJ.
The average price also increased to a record of $1.9 million in the fourth quarter from $1.67 million in the third quarter.
For all of 2015, the median price also set a record: $980,000, up 6.5% from $920,000 in 2014.
There were 12,872 sales in 2015, compared with 12,608 in 2014, based on sales filed with the city through Dec. 21 of each year.