manhattan real estate

Barbara Anderson Terry is one of Sotheby’s International Realty’s highest grossing agents. Until recently, she spent most of her time showing her clients prewar co-operatives.

Brookfield Office Properties signed leases with eight high-end, quick-service eateries at the future dining terrace at Brookfield Place, formerly known as World Financial Center, in Lower Manhattan.

A penthouse condo at V33, an exclusive building in Tribeca with only seven apartments, topped the residential charts for most expensive sale in July.

The median listing price for Manhattan’s residential real estate market has climbed to $1.5 million—an increase of 15 percent from last June’s median of nearly $1.3 million.

One Museum Mile is the newest condominium overlooking Central Park North. “It is the last parkside neighborhood,” said Tom Postilio, managing director of CORE Group.

Much like the summer temperatures, the residential real estate market in Manhattan is starting to heat up.

An increasing number of deals—including 48.1 percent more contracts in Midtown than the previous year—has led to higher prices and less inventory in many areas in Manhattan, according to StreetEasy’s May Monthly Market Report.

The price of real estate in Manhattan and a few other popular neighborhoods has increased by 9.5 percent in the last six months, according to StreetEasy’s February 2012 “New Development Report.

Fewer closings compared to January last year, less inventory, and higher median price mark the Manhattan real estate market last month, according to a StreetEasy report.

As the year closed, Streeteasy.com, a New York real estate listing aggregating website, compiled a market summary breaking down the stats for each area of Manhattan for the last quarter.