nicolebeauchamp
Well-known member
Is anyone starting to see some really ambitious asking prices on new listings ? Noticed a listing that came back on the market....for 150K more....than it was last listed for....last summer.
Never really LOL.Ha - did it ever go away?
I really particularly love those "everything is back" emails, from people who left and were saying everything is dead....just a few months ago....How many deals got done last year in Manhattan? Under 7,500?
How many agents are there in Manhattan? 30,000?
If you've got 30,000 agents chasing 7,500 deals and a significant number screaming "the market is back! It's a seller's market again," what do you expect seller's reactions to be?
Hmm, could the realtime shifts in recent months be getting to sellers heads?Is anyone starting to see some really ambitious asking prices on new listings ? Noticed a listing that came back on the market....for 150K more....than it was last listed for....last summer.
Broker A- Your place is worth 1M. Broker B - Your place is worth 1M. Broker C - Your place is worth $1M. Broker D - your place is worth $2M. Seller: Broker D, your hired!How many deals got done last year in Manhattan? Under 7,500?
How many agents are there in Manhattan? 30,000?
If you've got 30,000 agents chasing 7,500 deals and a significant number screaming "the market is back! It's a seller's market again," what do you expect seller's reactions to be?
Have you noticed the amount of apartments being taken off the market without selling? I think this is an indication that agents are not telling sellers the reason so many contracts are being signed is the combination of low mortgage rates and sellers accepting lower sales prices.Is anyone starting to see some really ambitious asking prices on new listings ? Noticed a listing that came back on the market....for 150K more....than it was last listed for....last summer.
Yes, I've also noticed things coming off the market and agree that agents are not doing a good enough job of conveying that sellers are accepting lower sales prices.Have you noticed the amount of apartments being taken off the market without selling? I think this is an indication that agents are not telling sellers the reason so many contracts are being signed is the combination of low mortgage rates and sellers accepting lower sales prices.
"buyers who had waited on the sidelines are sensing opportunity in Manhattan now as mortgage rates hover near record lows and sellers become more negotiable on pricing."Manhattan Apartment Buyers Come Back After Almost a Year Away
Home shoppers are finally coming around in Manhattan.www.bloomberg.com
What do you think?Is anyone starting to see some really ambitious asking prices on new listings ? Noticed a listing that came back on the market....for 150K more....than it was last listed for....last summer.
I'll bet they are finally getting offers but the agent is indulging the seller's calling them "bottom fishers" and think raising the price will bring higher offers. My guess is that the offers will just stop coming (or they will encounter real bottom fishers).I got an email the other day, with a price increase of 1M....