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Manhattan Loft Guy

Sep. 10, 2006 - yikes they did it again / NY Times recent sales report suggests optimism?

 
This week's set of 5 Manhattan sales in the Sunday Residential Sales Around the Region again reflects (a) a coincidence or (b) an editorial view to breed optimism about he market. As with the last time I commented on this, you could not tell from the five Manhattan choices that it was a buyer’s market.
 
Two of five listings went for the asking price; one went above, after multiple bids; one went for a $12,000 discount from a $4.5mm asking price, and the last took a ‘hefty’ $10,000 off a $298,000 asking price.
 
Bubble, what bubble?
 
Coincidence, or the Old Grey Lady is trying to keep our chins up?
 
© Sandy Mattingly 2006
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on matters of interest to Manhattan coop or condo loft apartment dwellers, buyers, sellers, and others, especially about New York City real estate

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