The Real Deal New York

Upmarket creates a domino effect in sales

High prices, gentrifying markets are creating clusters of listings as more sellers try to cash in

October 08, 2014 04:35PM
By E.B. Solomont

From the October issue: There goes the neighborhood — or, rather, the neighbors.

In the current upmarket, multiple apartments in the same building are hitting the market in rapid succession, as sellers look to replicate the high sales prices obtained by their neighbors, brokers said. [more]

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