Wednesday, June 2, 2010
From The Wall Street Journal:
Condo prices, as measured by square foot, were down 14.9% in March compared with the same month a year ago. In fact, prices declined in seven of the eight neighborhoods tracked by Radar Logic. The biggest decline was on the Upper East Side, where average prices fell 28.8% to $925.93 a square foot. The only neighborhood that posted an increase in prices was the East Village/Lower East Side, where prices per square foot rose 1% to $903.64.