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Strong Luxury Sales

Started by SteveFR
about 8 years ago
Posts: 74
Member since: Apr 2017
Discussion about
https://therealdeal.com/2017/11/20/luxury-market-records-one-of-years-best-weeks-with-29-contracts/
Response by 300_mercer
about 8 years ago
Posts: 10570
Member since: Feb 2007

Good sign even though many more than 29 contracts are needed to absorb the ultra-luxury supply. I guess that would happen when prices are lowered.

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Response by TeamM
about 8 years ago
Posts: 314
Member since: Jan 2017

The tough part of drawing conclusions from this report is that we don't know the prices in the actual contracts. It's a good sign for brokers, I suppose. Not necessarily for buyers nor sellers - we just don't know.

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Response by 300_mercer
about 8 years ago
Posts: 10570
Member since: Feb 2007

Sales are always a good thing as it suggests that market price is being discovered by buyers and sellers.

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