Tag Archives: NYC luxury real estate

Some Luxury Real Estate Markets Are Experiencing Painful ‘Price Discovery’…

the excess in NYC real estate prices at 432 Park Avenue

While the adjustment in luxury real estate prices can of course be up or down, this time around they are down having a negative impact on sellers! Buyers are now in the drivers seat dictating more of the terms of real estate transactions! Prices are not down in every U.S. city, but they are in New York City where […]

2016 Final Results: NYC Residential Real Estate Statistics For Sales $4 Million And Up

A report compiled by Olshan Realty provides a complete rundown of the 2016 results in the NYC/Manhattan residential real estate market for sales above $4 million!  2016 ‘saw an 18% decline in contracts over 2015. Year to date, 1102 properties had contracts signed totaling $8,937,866,862. The numbers are higher than 2012, but below the golden years […]