Don't let a slumping stock market shaken by a steep downturn in the national housing market fool you - Manhattan real estate is still red-hot.
According to the New York Post, the average sales price of apartments in the heart of New York shot up as high as 34% to $1.43 million - in the last quarter of 2007 compared to the year before, according to reports put out by the city's top real-estate brokerage firms.
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