Not so Hush Hush! According to Curbed.com Matt Damon turned his back on the 19th Floor 6,600 SF behemoth of a 6 Bedroom apartment at 535 West End Avenue. The price of this super-deluxe unit has now been chopped to $18.9 Million from the previous asking of $20 Million. While the price may appear mind-boggling while many are struggling, the higher end of the market has seen a lift in 2010. The highest priced sale in the building was over $17 Million.
From townhouses to luxury properties, contracts have been signed and sales have happened. Perhaps in some ways masking a sellers in the lower end having to reduce prices as they came out of the slower summer and into September.
The Market Reports for the 3rd Quarter will be released in the next days. Read carefully and between the lines. I think there will be good news on the volume side, good news on the high end, and mediocre news in the middle and lower end of the market. Just my personal opinion.