Luxury Real Estate

By Brian Langhorst

LuxuryRealEstate.com is very proud to associate with many of the top brokerage houses in New York City. There are several markets that are doing very well this year with strong activity throughout the luxury price ranges.

New York City has just announced that for the first three months of 2008 the average listing price in Manhattan is up 33.5 percent from the same period last year. This information was published in The New York Times and is courtesy of Prudential Douglas Elliman, our member, and the appraisal firm Miller Samuel Inc.

I think this information points to some very positive aspects of our industry and feel that the news is not helping the diligent efforts of our REALTORS® to accurately inform the public about the true status of the market.

Please let us know how things are going in your market!


Editor’s Note:
Brian Langhorst is LuxuryRealEstate.com’s Membership Manager. He meets members’ unique needs through the dynamic services LuxuryRealEstate.com provides. I’ve never had the pleasure of visiting New York City, but I keep hearing wonderful things about it. It is astonishing how the strong New York’s market is right now, and it is certainly welcome news.