What is happening this week in the NYC Real Estate Market?
29 contracts signed in Manhattan at $4M and above in the last 7 days which is a significant increase in the luxury sector from the previous week. Data pulled from Resource douglaselliman.
Below are the top two contracts signed in Manhattan.
200 Amsterdam Ave Residence 42
$21,000,000
61 East 80th Street
$19,800,000
What does this mean?
Sellers are getting more realistic on pricing and listening to the market and where the bids are coming in.
Once your property has been listed-the market will instantly give you feedback on where your property is priced.
Sellers with unrealistic pricing will continue increase days on market.
Please reach out with any questions-always happy to discuss the current opportunities in the market!
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