Lenz: high-end prices “holding quite firm”

April 05, 2011 08:53AM

Following the release of first-quarter residential real estate reports across the country, experts from some of the top markets appeared on CNBC (see video above) to discuss the findings. In New York, Prudential Douglas Elliman’s Dolly Lenz took to the screen, noting that the Manhattan market is bucking the trend seen in the rest of the country, with prices at the high end “holding quite firm.” As evidence, Lenz referenced a recent story from The Real Deal, which revealed that the owner of a 5,600-square-foot 15 Central Park West spread had pulled his $55 million listing from the market in order to renovate, rather than dropping the price or accepting a lowball offer.

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