TOWN Residential Makes Light Of Recent Months In The New York Market

Visual Strategy Marketing recently released figures offered by TOWN Residential. The new figures show what the New York real estate market did in the fourth quarter, and anyone who is shopping in the area must be aware of trends in NYC luxury real estate. TOWN is known for its ability to artfully work in both commercial development and residential sales, and their magazine known as The Aggregate is taken as gospel in many circles. This article explains what the numbers from the end of 2015 mean for the beginning of 2016.

#1: New York Broke Many Records In 2015

The New York real estate market was growing throughout 2015. Prices were rising at rates that had never been seen before, and prices were so high that they broke records on their own. The rapid growth and high prices saw investors spending quite a lot of money on each new property, and companies like TOWN Residential were seeing an increase in revenues as a result. Everyone benefits when prices are high, but but high prices come with risks.

#2: Buyers Were Scared Of Rapidly Rising Prices

Buyers in New York were quite concerned that they would not be able to keep up with prices that were shooting up every day in the city. Someone who took a few days to decide on a purchase could have seen the price of a property rise several percent, and many buyers simply could not afford such growth. This was troubling for some buyers, but it appears that there is relief coming in 2016.

#3: TOWN Sees Prices Plateauing

The prices in 2016 will plateau at high rates, but TOWN does not believe that prices will get any higher. The prices are so high already that they cannot go much further, and a buyer will be safe in the prices they were quoted just before the sale. Investors who are making long term plans to invest in the city will save money, and people who are planning on purchasing in the spring or summer months will not pay too much when they are ready make a purchase.

TOWN Residential has done a steady breakdown of the numbers from 2015 in New York real estate, and this breakdown clearly explains how the market is leveling off. Buyers and sellers alike may expect prices to remain stable in 2016 after a record-breaking fiscal year in 2015.

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