According to the New York Times, at least 6,500 new condominium units are scheduled to hit the Manhattan market below 96th Street in 2015—the most since 2007 and twice as many as last year, which is great news if you can afford a condo.

"From one-of-a-kind boutique buildings to soaring luxury towers, an incredible variety of new development will enter the marketplace," Kelly Kennedy Mack, president of Corcoran Sunshine Marketing Group, told the Times. From "boutique" to "luxury," you say? Truly, New Yorkers are spoiled for choice.

But perhaps this cynicism is misplaced. After all, only 500 "ultraluxury" units—those priced at $5,000 per square foot or more—are expected to be coming to market this year. Only 500! That's less than 10 percent of all new development! "There is a misperception that the market is swinging drastically toward the high end," Mack said.

And indeed, half of the new units will be in the highly-accessible "middle luxury" segment, the Times reports—between $1,700 and $2,300 per square foot. That's practically affordable housing! Anyway, yeah, total misperception. No idea where people might get that idea.

[Photo credit: AP Images]