NYC Luxury Real Estate Blog

The best investment in Manhattan? Might surprise you...

Investing in Manhattan Real EstateAccording to quarterly figures, average Manhattan real estate closing prices only fell by 3%, as compared to 2007. Sounds like a pretty steady market. But let's dig a little deeper... A sizable chunk of real estate deals in the fourth quarter were huge deals in very high-end homes, $10M and up. Without these big sales, the market in Manhattan may have slipped by three times as much!

Where are the best deals in all this?

Why Manhattan Real Estate Buyers Should Take Advantage Now

Manhattan real estate Investment

Judging by these figures, even Manhattan is starting to feel the pinch. This means it's a pretty bad time to buy Manhattan real estate, huh? Not exactly...

The current financial climate is bad for builders...

Inventory is piling up. Buildings are hard to move. There's little urgency for new buildings. Loans are becoming a real sticking point. Buyers with serious money are getting, well, picky!

...But good for buyers!