Tag: Douglas Elliman

'Hot Summer Good for Real Estate Purchases

There are many reasons why spring is busy for real estate. One of the reasons is that homes look better during spring. This causes listings to expand and increase available inventory. Alongside this is the increase of potential buyers interested in purchasing a home at this period. With these two factors, home prices naturally would increase as demand increases.

'Luxury Real Estate Markets Levelling Off Despite New Inventory

Houses that are priced at the top of the luxury market felt a decline in demand compared to the last quarter of 2015. The average sale price of a home in the Hamptons, one of the luxury neighborhoods in the US, was at $8.8 million for the first quarter of 2016. In 2015, a similar home in the same luxury neighborhood was at $12.3 million.

'Compass Broker Biggie, Hervé Senequier, Sells $2.65M Flatiron Loft

The renovated Flatiron loft apartment at 105 Fifth Avenue of a top-gun Compass broker, Hervé Senequier, was sold for a full $2.65 million of its asking price.
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