Sales in Manhattan are on the rise according to a recent Wall Street Journal article by Shelly Banjo. Ms. Banjo reports that condo prices have increased in the month of August a whole 1.8% from the month of July. Let’s hope for the sake our businesses and the economy that sales keep increasing as the months go on. It is nice to no longer hear about the double-dip that everyone was planning on. Let’s not get to excited, obviously we are still no where near what we were before the crash.

There was also a 12.1 increase from August 2009 to August 2010 in Manhattan condo sales, which is great. Apparently the Midtown/Clinton area has seen the largest increase in condo sales. I wonder if this increase has to do with the developments in the Hell’s Kitchen neighborhood in the past few years? What are your thoughts?

With all this positive news we should keep our heads up and continue the good work. Come on people let’s keep buying these condos!