Return of Aspirational Pricing ?

[Noah Rosenblatt]

I got an email the other day, with a price increase of 1M....

oye..Im seeing more price increases too

 

[David Goldsmith]

Manhattan Homes Priced in Line With Market Averages Sell Within One Month

Those sold in less than 30 days had a median listing discount of 1.9%, report says

www.mansionglobal.com

 

[John Walkup]

Manhattan Homes Priced in Line With Market Averages Sell Within One Month

Those sold in less than 30 days had a median listing discount of 1.9%, report says

www.mansionglobal.com

Some great wisdom here

“Despite fluctuations in market conditions, it appears the one constant to selling fast and at the highest price in Manhattan is pricing a property ‘right’ and meeting the market.”

 

[David Goldsmith]

Here's a nice price drop on a former celebrity property (aspirational pricing still a disaster).

For Sale: 24 East 20th St. #LOFT3 in Flatiron

24 EAST 20 STREET #LOFT3 is a sale unit in Flatiron, Manhattan priced at $7,995,000.

streeteasy.com

For Sale: 24 East 20th St. 2/3-FLOOR in Flatiron

24 EAST 20 STREET 2/3-FLOOR is a sale unit in Flatiron, Manhattan priced at $12,950,000.

streeteasy.com

 

[Noah Rosenblatt]

thats a chop indeed! but that is the way to do it

 

[David Goldsmith]

For Sale: 114 East 10th St. in East Village

114 EAST 10 STREET is a sale unit in East Village, Manhattan priced at $8,600,000.

streeteasy.com

 

[Noah Rosenblatt]

I got an email the other day, with a price increase of 1M....

Oye, what is the thought process here...crazy. Do these ever work?

 

[MCR]

Ask any agent how many times they have heard "I really want to list with you, but my wife's sister's best friend just started working at..."
If those "non-professionals" get 1 listing every 3 years and you're right that they number 27,000 that's still more than the number of deals done last year.

I did not really understand the first part of this, but re non-professionals, we bought our first apartment in NY from a listing agent who likely spent more of her own money on staging the apartment than she received in commission for selling the apartment. The suit, bag and jewelry she displayed were also significantly worth more than the commission she was going to receive on our sub $1M apartment. How can anyone who needs to actually make a living compete with that?