Friday, September 26, 2008

Noted


Since last Thursday, there have been 200 price cuts on properties listed at less than $10 million on Manhattan's Upper East Side or Upper West Side -- a 17% jump from the week before. Deanna Kory, a broker with New York-based Corcoran Group who's handling nearly two-dozen properties priced between $2 million and $10 million, says her showings are down by about 40% in the last two weeks compared to the same time last year. A slew of new buildings set to open in the next year will only increase supply. (Wall Street Journal)

6 comments:

Jeremiah Moss said...

let the condopocalypse begin!

Anonymous said...

Haa Haa

esquared said...

Happy, happy, joy, joy!

eden said...

celebration time..c'mon!

StuyTownFullofYunnies said...

Karma's a bitch!

Jill said...

Yay a condo is now only $1.2 million instead of $1.5 million. I think I'll buy two.