Report: Brisk sales of Manhattan apartments priced at over $10 million

Associated Press

A new report says the market for Manhattan condos and co-ops is setting records this year.

One reason: High sales of units costing more than $10 million.

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A real estate listings and data firm, CityRealty, says the average sales price for co-ops and condos will be around $1.8 million this year. Last year it was $1.5 million. A record of $1.6 million was set in 2008.

According to the Wall Street Journal (http://on.wsj.com/13fylAU ), it's predicted 220 apartments will be sold this year with price tags over $10 million. Last year, the total was 123.

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Information from: The Wall Street Journal, http://www.wsj.com