Yes, the US economy took a nosedive in a major way back in 2008, as the real estate bubble burst and major companies like Lehman Brothers disintegrated. The Great Recession that followed was profound, yet somehow the US economy and the real estate sector managed to recover, and then some. In 2015 New York luxury real estate came roaring back after several years of positive growth, with sales heading into the stratosphere for some major properties.

Major Sales in the Luxury Market

One of the biggest sales in New York City Luxury real estate in 2015 was the $100.47 million deal that was brokered for the penthouse of the luxurious One57 midtown skyscraper in Manhattan. Other pending sales are equally eye-popping, as the condominium at 147 E. 57th Street is expecting to see sales in 2016 in the nine digit range. These high-end properties are becoming a major lure for billionaires worldwide who are looking for a solid investment that will keep their cash safe. Experts in this luxurious market expect more sales to come at even higher levels in 2016, with no end in sight.

What all this means is that people looking for luxury properties in Manhattan and the ever more high end Brooklyn should seek guidance from real estate brokers who know this market cold. The TOWN real estate firm is known for its expertise in the highly competitive New York market, and they bring in solid results for clients.

TOWN was launched in 2010 and in the last five years this firm has become a major name in New York real estate. TOWN’s expertise and best-in-class customer service has made them the go to firm for Manhattan’s hottest real estate properties.

When it’s time to find the right luxury real estate in New York, it’s time to talk to TOWN.

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