The luxury real estate story in Manhattan for over a year has been about declining inventory and sharply rising property prices. I have had multiple bids on most of my listings in 2013. At the top of the luxury market competition for the best lines and views continued to rise over the Spring and into the early summer. This CNBC video shares a bit more of the story.
Tag: Luxury
What does $5.4 Million buy you in Manhattan? New York’s CBS 2’s Emily Smith and her camera-crew set out to find out and visited this beautiful townhouse-in-the-sky in Greenwich Village – a European inspired duplex luxury coop with custom details and a wrap-around terrace. Tony Sargent and Emily Beare of CORE share this listing on Lower Fifth Avenue in Manhattan and together had the opportunity to show WCBS’s delightful Emily Smith this New York luxury Penthouse on downtown’s coveted Gold Coast. Enjoy!
Snow over Downtown Manhattan | Photo by Tony Sargent (C) 2013
In the last weeks both Jonathan Miller (on Curbed) and Urban Digs reported and provided data to support what buyers and sellers alike are finding in the Manhattan luxury condo and luxury loft market; inventory is at seven-year lows and competition among buyers for new apartments that hit the market is super high. Multiple bids are back, especially in the $2-5 Million price point, and buyers in areas like Tribeca, Greenwich Village, the West Village and on the Upper West Side are feeling the heat. While the entry level market is very competitive downtown, pricing still needs to be on-target otherwise buyers are moving onto the next best property.
Check out these graphs created by Jonathan of Miller Samuel and Noah of Urban Digs. They say a picture is worth a thousand words. These graphs take things from ‘broker-speak’ to reality.
St. Regis Bal Harbour Resort - Photo Courtesy Cervera Real Estate
The Miami luxury condo and real estate market is hot! Only three years ago large condo projects were sitting empty and others were having trouble collecting their common charges from owners. In the last 18 months, luxury real estate in Miami Beach and Miami, including Brickell and the Design District, as well as the more affluent and luxury enclave of Coral Gables (home to many of Miami’s top residents) has staged an unprecedented comeback. New developments such as the St. Regis at Bal Harbour, and others are selling to a mixture of those from Read more…
London Aerial View at Night - Photo by Jason Hawks 2008
In this recently posted photo gallery by Forbes (click link) ranked the top 11 cities that the super rich (HNWI) are choosing to buy in. London ranked #1 with New York luxury real estate coming in at #2.
With a growing personal network of global brokers that I have met and know, it’s becoming evident to me how Read more…
We are excited to announce the publication and release of the premier issue of The Sargent Report: Tribeca. It has been designed to provide Tribeca loft owners and you with a time-efficient but in-depth review of the Tribeca luxury real estate market. Including a summary of sales and market activity, details of future new developments and the most recent top condo sales, we hope you will find it informational and of value. Manhattan luxury real estate is moving at a very different pace than the entry-level, and it is our vision to provide residents and buyers of Tribeca high-end condominiums with the best possible advice, analysis, predictions and insight to make confident real estate decisions.
View from the top of One57 - Photo by Chang W. Lee for the New York Times
A September 18th New York Times article entitled “Rising Tower Emerges as Billionaire’s Haven”, details the success Gary Barnett and Extell development are having with One57, New York’s newest and tallest (1,004 feet high) luxury residential real estate development. VIDEO
Trophy property sales in Manhattan have skyrocketed in 2012. While the $95 million the buyer of the full floor unit at One57 is a New York record and surpasses the $88 million Read more…