Price prediction for ultra luxury

Started by 300_mercer

about 8 years ago

Posts: 10545

Member since: Feb 2007

Discussion about

What do people think will be the price decline in top 5-10 most expensive developments (mostly $4-5k per sq ft plus price) from the last trade price, if available, or ask prices if no sales yet? 157 west 57th down 15-20 percent already from the original recorded sale price in 2014/15. 432 park avenue sells 15-20 percent below ask but ask is inflated. Nothing sold at ask. I think another 15-20 percent to go at this price point which will still leave developers with enough profits.