Real Estate Manhattan home sales price passes $2M median mark, report says Manhattan's average home sales price surpassed $2 million in 2016, a report said. Above, apartments on West 78th Street, between Broadway and Amsterdam on the Upper West Side, on Friday, Dec. 2, 2016. Photo Credit: Linda Rosier By Ivan Pereira email@example.com @IvanPer4 Updated December 14, 2016 7:42 PM Print Share fbShare Tweet Email Manhattan real estate soared to record levels at the end of 2016 as the average price of homes surpassed $2 million, a report released Wednesday said. CityRealty’s end of the year survey found condos, co-ops and other listings went up in the last 12 months from an average of $1.9 million in 2015 to $2.2 million in 2016. There were 300 apartments that sold for more than $10 million in 2016, more than double the amount that were sold in 2012. By comparison, the number of units priced under $1 million dropped by 1,917 during that time. The real estate listings site predicted that prices will level off in 2017 led by a decrease in the the average co-op price. A separate report issued by MNS Wednesday indicated a downward trend for Manhattan rents. The real estate group found that the average rents in the borough decreased by .27% between November 2015 and last month. Several neighborhoods saw bigger dips including the Lower East Side, where average rents went down 7.8% over the last year, and Murray Hill, where rents decreased 5.3% between November 2015 and last month. By Ivan Pereira firstname.lastname@example.org @IvanPer4 Ivan has been a staff reporter with amNewYork since May 2012 and covers breaking news, politics and enterprise stories. Share on Facebook Share on Twitter Comments We're revamping our Comments section. Learn more and share your input.