By the numbers: High-end pulls up prices
Go to chart: Pricey Manhattan pads push slowing residential market a bit higher
A d v e r t i s e m e n t s
12/01/08
Comments
John Casella
These figures only demonstrate that some people have more money than they know what to do with it. Rather than paying a reasonable market price for what they purchase, a price that reflects the true value of what they are buying, they tend to 'overpay' because it makes them feel tingly all over when they can demonstrate that they can afford to waste more money then their high rolling counterparts. In addition, their can be no real understanding of market conditions based solely on price, at the very least it would have to include sales volume as well, that is, how many units sold, comparing quarter to quarter and year to year.
Comment #1 Posted By: John Casella 11/01/08
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