Sellers pull Zone A apartments from market

Apartment sales listings in so-called “Zone A” — the parts of New York City that faced mandatory evacuation — have plummeted since Hurricane Sandy, New York magazine reported.

In the two weeks following Sandy, only 22 apartments were sold in Zone A — less than half the number for the same period last year, according to information from Streeteasy.com.

And in the same period, 69 apartments in the region were pulled from the market, New York said.

But buyers do not seem to share sellers’ trepidation. “Deals were still closing, multiple bidding wars were happening,” even during the storm, Tim Cass of the Corcoran Group told New York magazine. [NYM] –Guelda Voien