Posted on January 3, 2011 by Leonard Steinberg Downtown closed out 2010 with a bang: The volume of $ 5million+ signed contracts and closings was somewhat astounding, further re-enforcing the theory that the highest end of real estate in Downtown Manhattan is literally booming. Now we can officially say that the market has returned once… [Read More]
LUXURYLETTER MARCH 2010: WHAT'S THE MARKET UP TO?
In this month’s LUXURYLETTER ( see www.luxuryletter.com) the reports indicate a moderately healthy market, with strong activity on the higher end of the Manhattan Downtown luxury market. Signed contract and closing activity levels are healthy, and pricing for the most part is stable, although drops have been seen in some areas: this does not necessarily… [Read More]
ENCOURAGING SIGNS? IS LUXURY MANHATTAN REAL ESTATE ‘HOUSING’?
Today, reports came out on home groundbreaking. (Am I the only one annoyed at how figures are constantly ‘revised’?) So December’s figures were slightly inaccurate….why? And why the month-by-month-drama-queen reporting? I am a firm believer in watching pricing on a month by month basis, but it ceases to amaze me how many people formulate world-shattering conclusions from… [Read More]