Since the beginning of 2009, we’ve found that there were 315 re-sales of properties in Manhattan that were originally purchased between 2005 and 2007. Of these, 120 (38%) sold at a price lower than the original, while 195 were sold at a higher price. On average, prices for properties resold in Manhattan during 2009 are 10% higher than the original sale price. By comparison, properties in Brooklyn and Queens are being resold for an average of 6% profit.


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