Are they discounting list prices?

If you are a buyer, put in a bid 15 percent lower than the ask and you will find out. I do not see that many listings not in contract btw.

Most new development are willing to accept discounts from the asking prices as in many cases asking prices were aspirational. 432 Park Avenue is a good example.

Isn't there a source of info showing the amounts of discounts various projects are offering? Obviously, the developers and their marketing teams would prefer to monopolize that information so that potential buyers are in the dark. But it would be most helpful.

You can see that info for closed units, but that's only going to tell you what happened a quarter or more ago, not what's going on today. Perhaps Noah can figure out a way to add that metric to UrbanDigs.

Ernest, Ability to make deals at different price points with different buyers is precisely why developers are using non-transparent pricing. Just bid what you think you want to pay and they will tell you their bottom line quickly or to go away.

Looking at the previous sales, it does not seem that they are discounting much. Also, very few listings available.

Non-transparent is the word. It looks as if there are over 100 total units, 30 or so have been sold in the last year or two and eight are currently for sale (including those in contract). So, most of the units are still being held in reserve?

I understand why developers prefer an opaque system. But with so many condo re-sales available, I imagine there are many buyers who don't want to play the game.