What is happening this week in the NYC Real Estate Market?
18 contracts signed in Manhattan at $4M and above in the last 7 days which is on par with the 10 year average for this holiday week.
Data pulled from Resource douglaselliman.
Below are the top two contracts signed in Manhattan.
109 East 79th Street PH 16
$34,900,000
217 West 57th Street 62E
$18,900,000
What does this mean?
Realistic sellers will get deals done and sellers with unrealistic pricing will continue to linger on the market.
Once your property has been listed-you must listen to the market as you will instantly get feedback on where your property is priced.
It remains a buyers market where aggressive cash deals are getting pushed through.
Please reach out with any questions-always happy to discuss the current opportunities in the market!
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