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What is happening in the $10 Million+ luxury home market in Manhattan in 2020 and how does it compare to 2019?
Looking at data from January 2020 to October 2020, Tony Sargent share's his insights on the post Covid New York luxury market. Have the numbers gotten worse or better? Where are the best opportunities? While inventory levels have come down slightly from 2019, how does actual contract activity compare?
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In 2012 developers started building luxury buildings; the high cost of land and development somewhat forced developers’ hand into the luxe market to make numbers work. An unprecedented re-sale at 15 Central Park West topped $80 million started the ultra-luxury race at One57 and in Manhattan everyone chased the money.
Sunday is “Open House” day in New York real estate. Here’s a list of some gorgeous downtown properties in Manhattan.
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