Demand for in-town condos is rising and the supply for in-town condos is dwindling. David Boehmig, resident and co-founder Atlanta Fine Homes Sotheby's International Realty said Atlanta is rapidly running out of new condo homes to sell.
While housing prices across the United States are still well below pre-crisis peaks, the very top of the Manhattan home market continues to shatter price records. The $88 million sale of this apartment at 15 Central Park West in December set a record for the highest price ever paid for a Manhattan apartment.
Nine out of 10 of the most expensive luxury apartments (co-ops and condos) publicly listed in the United States are located in New York. The only one on the West Coast is the newly constructed 20,000 square-foot penthouse atop the 5-star St. Regis Hotel in San Francisco.
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