8801 members
Login

Condo Prices At Trump Towers Have Dropped To 2009 Levels

Condo prices at Trump Towers in New York City are the lowest that they have been since the financial crisis in 2009 according to the Wall Street Journal.

Condo prices at Trump Towers in New York City are the lowest that they have been since the financial crisis in 2009 according to the Wall Street Journal.

In five transactions so far this year, the average price per square foot in Trump Tower of about $2,100 was down 13% from 2016 and 23% from 2015, according to sales data compiled by real estate website CityRealty.com. That was the lowest figure since 2009. The median sale price of $2.2 million so far in 2017 was the lowest since 2007. In contrast, prices per square foot across Midtown Manhattan, excluding new developments, have risen 0.3% since 2015, while the median price has increased 5.6%, after rocketing higher in the wake of the financial crisis of 2008, according to figures from Brown Harris Stevens.

false