0
0

New York's luxury real estate market is falling


 invite response                
2018 Apr 3, 3:28pm   1,332 views  0 comments

by Patrick   ➕follow (55)   💰tip   ignore  

https://www.cnbc.com/2018/04/03/new-yorks-luxury-real-estate-market-is-in-correction.html

Real estate sales in Manhattan plunged 25 percent in the first quarter from a year ago, as the new federal tax law, stock market swings and a glut of luxury condos spooked buyers.

Sales in the first quarter posted their largest drop in nearly a decade and reached their lowest level in more than six years, according to a report from Douglas Elliman and Miller Samuel. There were 2,180 sales in the first quarter, compared with 2,892 last year.

Prices are also under pressure. The average sales price dropped 8 percent compared from the same quarter last year.
no comments found

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions