Fire Sale! Luxury Home Contracts Were Raging Last Week
Ah, spring! The season of warm breezes, blossoming trees and brisk home sales is upon us. And last week saw a flurry of activity, with 22 contracts signed for homes $4 million and above, according to the Olshan Luxury Market report.
The number was a luxury market record for 2012, with the biggest contract signed for the $22 million duplex co-op at 88 Central Park West (12 room duplex co-op, park views, 6,000-square feet). However, most of the action was happening downtown and most of it involved condos (10 of the 22 contracts signed were for downtown condos). Read More
