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NYC condo question

Hi, I'm not well versed in Real Estate, so please don't put me on blast! I'm selling my midtown east condo after 10 years. Two bed, two bath, 1,200 square feet. 10th floor.

When I bought it, the price seemed to double every 10 years. I know property isn't a compounding investment, but with the price history I'm surprised.

Sold 1993: 235,000 Sold 2003: 600,000 Sold 2014: 1,120,000

Current price: 1,330,000

What's the deal here? Was I unrealistic to think I'd get more?

submitted by /u/bathtime85
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source https://www.reddit.com/r/RealEstate/comments/1ga8udx/nyc_condo_question/
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