Posted by Leonard Steinberg on April 14th, 2012 After we reported for several months on the extremely busy New York real estate market, this morning the New York Times featured this story…..on the front cover! You know it serious if its on the front cover…. They talked about the lines of people outside 422 West 20th… [Read More]
BIDDING WAR CITY
Posted by Leonard Steinberg on March 7, 2011 While not every listing is producing multiple bids, the volume of multiple bids on good properties is back in a BIG way in New York City real estate, both in the residential and commercial sectors. (It has also returned to the art world and many other markets)… [Read More]
TWO PRE-RECESSION WORDS RETURN: 1) MULTIPLE 2) BIDS
Posted by Leonard Steinberg on December 21, 2010 Before the recession hit hard, MULTIPLE BIDS were the norm on many real estate listings. Those two words virtually disappeared from the vocabulary of New York real estate brokers: they are ba-ack! I have recently experienced a few of my own listings with more than one bidder,… [Read More]