The American economy plunged miserably eight years past, and caused a good deal of collateral damage in real estate markets large and small, commercial and residential. Until fairly recently, home values have remained low or, at best, flat in many metropolitan areas, with a good number of otherwise attractive properties going either unsold or, more commonly, unlisted for fear of garnering low-ball offers. But times have changed, as times so often do, and economic trends appear to have restored housing prices to something approaching pre-crash levels. Nowhere is this more in evidence than in New York City, with luxury homes in Manhattan ascending to reach parity with their actual worth.
There was a time when mere location alone was enough to warrant enormous asking prices for any parcel of land or spare unit within New York’s most populous and celebrated of boroughs. But things being as they are nowadays, luxury homes in Manhattan are increasingly built, upgraded, renovated, or stylized to attract top-dollar from serious buyers. This bodes well for the market as a whole, given that higher comps tend to insulate pockets of homes and units from succumbing to diminishing value trends.
In short, the current crop of luxury homes in Manhattan are emblematic of a larger economic resurgence which renders investing in premium property a sensible as sensible as it is residentially attractive. Time spent in conversation with knowledgeable real estate broker Danny Nassi will go a long way towards helping you place your own house-hunt into larger context, to say nothing for you getting you a step closer to realizing an attractive purchase.
Buying Luxury Homes in Manhattan
Real estate throughout New York City’s most esteemed neighborhoods is finding itself in increasingly high demand. That being so, buying luxury homes in Manhattan is often more a matter of urgency than many shoppers first realize. A good rule of thumb is to keep yourself financially poised for a swift purchase, should the opportunity arise. Whether that means you maintain positive control of your preapproval letter at all times, or simply arrange your assets accordingly to facilitate a speedy transaction, simply having those items in order will ready you for a competitive buying marketplace.
Simply put, buying luxury homes in Manhattan is sensible for reasons of both entering an attractive real estate environment and inhabiting a first-rate residence the likes of which one might never find outside the borough. Placing your trust in a famously candid and well-informed real estate broker is perhaps the most essential step in the process. Danny Nassi is just such a broker.
Manhattan Luxury Real Estate
It’s difficult to go wrong with high-end real estate in New York City’s most prestigious borough, and Manhattan luxury homes for sale suggest a broad presence throughout the various neighborhoods. Whether you are drawn to the quiet serenity offered by Chelsea, a life of high arts and intellectual pursuits as is found in the Upper West Side, or the ultra-exclusivity on tap in the Upper East Side, Manhattan luxury homes are available across a broad spectrum of neighborhood types.