“Sweet Spots” as they relate to the NYC real estate market is the point where the price for an apartment is high, but not too high where buyers don’t physically see the apartment and enticed to make an offer.
The Real Deal reported today there have been 'sluggish sales' in New York City as well as a 'challenging market' in New York during the first quarter of 2018. Sellers are coming to terms of price reductions of up to 15% for listing price in the second quarter. Sales in New York are starting to pick up!
It is currently a challenging market with a divide between the seller and buyer which can make it difficult to make a deal. Buyers are being pressured from increasing interest rates and potential effects of the recent tax bill and therefore eager to get a good deal and are taking their time.
Sellers want to push price limits and but there always is a Sweet Spot where a deal can get done!
Whether you're a buyer or seller, let me help you find your Sweet Spot!
Check Out My New Website DanielleSellsNYC.com
My goal in 2018 is to be known for my deep rooted knowledge of new development condo buildings in Manhattan, Brooklyn & Queens! I started a blog of all the new real estate condo conversions and ground-up new developments happening all around us!