This map shows Manhattan's lack of affordable neighborhoods
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
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