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Prices Drop for Luxury New York Real Estate

What Price Reductions Say About Market Conditions (if anything)

“If a property is worth $250k and you ask $350k and reduce it to $325k, it’s not an indication of a problem in the market. It’s a problem with overpricing.” -Hall F. Willkie, president of Brown Harris Stevens; “Prices Drop for Luxury New York Real Estate”; The NYT (1/15/16). OK, I have a confession:  I...
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