Source: the Corcoran Group
The Hamptons residential sales market may be mirroring Manhattan’s, with lower-priced properties making up a greater number of transactions than in the previous year, according to first-quarter market reports released today by three of the city’s biggest New York City brokerages. [more]
This round of quarterly market reports has finally begun to reflect the
beating new developments took at the hands of the financial crisis
this fall. September’s Lehman Brothers crash is now several quarters behind us,
long enough for contract signings from that time to begin to close (or
not close, as the case may be.) Meanwhile, closings at 15 Central Park
West and the Plaza are now mostly completed, allowing the reports for
the first time to begin to show trends in pricing, not skewed by
closings of spectacularly priced homes in those buildings. [more]
The Real Deal has ranked the top listing agents of the week based on the highest priced residential deals filed with the city.
