Manhattan’s premier luxury real estate broker Noble Black was recently featured in an article by the Wall Street Journal, contributing insight and leading expertise regarding the current climate of the Manhattan Real Estate market.
The article tackles the resurgence of the Manhattan market and the renewed optimism on the economy, along with a surge in stock market wealth, boosting the confidence of cautious buyers. To read the full article, click here.
Noble Black and his team of agents closed $93 million in contracts, including a $25.5 million sale of a duplex penthouse at a new condominium at 10 Sullivan Street in the last quarter of 2016. Yet, as of last week, his group has recorded a total of $99 million in new contracts during the first quarter which, according to Noble, is his best start to a year in his 13 years in the business. This remarkable rebound of the Manhattan residential market has resulted into crowded open houses and an increase in bidding wars. “People who were sitting back and waiting realized the market wasn’t going any lower..the people who were waiting had no reason to wait any longer,” he said.
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