Park Ave Billionaires’ Row condo sells for $37.5M

The upper-floor unit sold for nearly 20 percent more than the last time it was on the market in 2018, which was $31.5 million. The seller was a company tied to former NorthStar Asset Management CEO Albert Tylis. Continue reading

SEE: Inside ‘Fifteen,’ The Agency’s first-ever NYC luxury condo project

The brokerage launched sales this week for its first-ever luxury condo new development project in The Big Apple. Sales agent Shane Boyle filled Inman in on all the juicy details, including the unparalleled views. Continue reading

The market where rents rise faster than even New York

As uncomfortable as New York City’s rent hikes feel to many tenants now, they don’t compare to the soaring prices of Singapore’s prime rental market, The Wall Street Journal reported. Continue reading

Just in time for 90th birthday, Carol Burnett’s LA condo sells for $3.7M

Burnett purchased the 2,800-square-foot 13th-floor unit for $1.26 million in 2002, and renovated it with husband Brian Miller in 2011. The property sold five days before her birthday, according to Zillow. Continue reading

Undeveloped Miami-area penthouse asks record price of $90M

A penthouse within a not-yet-developed luxury condo building on Fisher Island is asking $90 million, and at that price, the sale would blow previous records for condos in the area out of the water. Continue reading

Existing-home sales drop for second month as buyer demand stalls

Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors. Continue reading

‘New York market remains a juggernaut’ in Q1, condo sales thrive

Quarterly market reports released this week from several area brokerages revealed a luxury market in high demand, with climbing prices and little inventory. Continue reading

The condo recovery is underway — but houses remain hotter

Competition for condos has been fierce in the past year as buyers once again looked for homes nearer their cities’ urban centers. This follows an early-pandemic softening in the market segment. Continue reading

Manhattan housing market posts biggest 3rd quarter in 3 decades

Luxury apartment sales surged approximately 226 percent year over year and almost 33 percent from the previous quarter, according to Douglas Elliman. Continue reading