1009 fifth avenue house

wonder if that's just the high end, or if the whole market is heading that way?

My broker friends are saying the same thing as the media. Prices are staying high (for now), but that things are staying on the market much longer. And of course, that they are praying that bonus money, will get things moving during the nex two months. I live in Tribeca, and I can see stuff on the market longer.

I agree jdas. Im an agent w/ Citi and inventory not priced aggressively compared to the last comparable sale is just not selling. I guess its part of the correction process.

Overprice ---> On market much longer ----> Sellers get frustrated ---> Price comes down.

Activity at OH's has picked up in the last 2 weeks, but not as much as I hoped. I think overall it will be a disappointing 'bonus' period, as we all hoped for much more action.

I read that the really significant activity is only at the very very high-end, and some of that is not even bonus-related. Like Woody Allen buying a new townhouse for around 30 million.