A third of Manhattan condo owners sold at a loss in past year

Market Trends - One-third of Manhattan condo owners who sold in the past year sold at a loss [1] - Manhattan real estate median price per square foot peaked in 2016 and has been essentially flat since then [2] - Manhattan condo prices have experienced a lost decade [3] Investment Analysis - Condo owners who bought before 2010 saw gains between 29% and 45% [1] - Condo owners who bought after 2010 are likely to break even at best, considering inflation, renovation costs, and transaction fees [2] - Individuals who purchased Manhattan apartments for over $10 million made double-digit profits regardless of when they bought [3]