Kathy Sloane enjoys a great deal of success in the luxury real estate market, where she often represents entertainment industry celebrities and prominent politicians.
An abnormally large buyer pool brought interesting changes to the New York market at the end of 2015. An influx of willing buyers in the one to three-million-dollar range meant smooth sailing for sellers at that price point, but left many would-be buyers empty handed.
The shift in market forces presented a unique opportunity for high-end realty professionals. Agents like Kathy Sloane, who traditionally deal in properties worth tens of millions, saw opportunities to diversify and explore the exploding market for one million dollar apartments.
Open houses brought in 35 or more prospective buyers, and many properties received two or three offers on their first day on the market. Just as encouraging, approximately 40 percent of buyers in the $600,000 to $1 million range paid over the asking price. These recent trends in the affordable luxury market continue to provide ample opportunities for sellers and brokers alike.
An abnormally large buyer pool brought interesting changes to the New York market at the end of 2015. An influx of willing buyers in the one to three-million-dollar range meant smooth sailing for sellers at that price point, but left many would-be buyers empty handed.
The shift in market forces presented a unique opportunity for high-end realty professionals. Agents like Kathy Sloane, who traditionally deal in properties worth tens of millions, saw opportunities to diversify and explore the exploding market for one million dollar apartments.
Open houses brought in 35 or more prospective buyers, and many properties received two or three offers on their first day on the market. Just as encouraging, approximately 40 percent of buyers in the $600,000 to $1 million range paid over the asking price. These recent trends in the affordable luxury market continue to provide ample opportunities for sellers and brokers alike.
