This year, the Manhattan real estate market made a new record with $1.7 million as the average price for a residence - the highest average ever. Sales of $10 million residences have doubled since 2009.

Image via NY Times. Image 1.Image via NY Times

But the median price — what 50 percent of people paid less than — is $910,000, and there are still areas where the average residence sells for less than half a million. There are also some places where prices declined.

Cover image: Google Maps