Manhattan results were significantly swayed by strength in large ($10 million and up) sales. This high end activity led the average Manhattan apartment price 9% higher over the past year, to $1,483,591. Closings over $10 million rose 42% compared to Q1 of 2011, to 17, including a record $88 million sale at 15 Central Park West. The median price rose 4% from Q1 of 2011 to $821,500. The number of closings was 2% higher than a year ago.
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