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NYC luxury RE slowdown now in other price tiers

Started by CCL3
over 9 years ago
Posts: 430
Member since: Jul 2014
Discussion about
http://www.bloomberg.com/news/articles/2016-09-07/manhattan-s-luxury-real-estate-slowdown-is-spreading-to-other-price-tiers
Response by 300_mercer
over 9 years ago
Posts: 10585
Member since: Feb 2007

CC, I have certainly seen large price cuts in $2.5-$5mm range. One may say that original prices may have been aspirational but the price cuts are very deep at 10%. Less than 10%, it may not necessarily mean much if some one marked up the price 10% relative to last sale.

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