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Manhattan Luxury Reality Check | January 2022

What is the state of Manhattan's Luxury Market? Hello, I'm Riccardo Ravasini from Rava Realty. http://newyork.ravarealty.com ======================================================= Manhattan Real Estate Luxury Update is a video report about Manhattan’s Real Estate Luxury Market, with analysis of the trends and market movements of the most famous borough of New York City. In This video we are going to talk about: January 2022 ======================================================= Please subscribe to the channel if you are interested in receiving updates, news and information on New York City Real Estate, Home Selling New York City and Home Selling New York. See you soon on the next video of Rava Realty’s Manhattan Real Estate Luxury Update. ======================================================= Subscribe to the Channel: https://www.youtube.com/channel/c//Ra... Visit Rava Realty Online: http://newyork.ravarealty.com/ Follow us on Facebook:   / real.estate.new.york.city   ======================================================= Here we are with the reality check on the Manhattan Luxury Real Estate Market. Every week we hear of multi-million dollar properties going on the market and sometimes the asking price seems exorbitant because it is! With this report, we are going to tell you at what prices luxury properties are actually closing and what was their actual negotiability factor, anybody interested in getting a discount? So, here we go: There were 121 closings at $4 million and above in January 2022, 50 less than December. The Average Closing Price was $8,111,567 down 18%, meanwhile, the Median Closing Price was $6,125,797 down a nominal 0.4%. The Negotiability Factor, that is the average discount from the last asking price, was 4.55% down from 6.62% during the previous month. The pace of the market was basically unchanged since the Average Days On the Market were 155 compared to 153 for the properties that closed in December 2021. Despite the 50 fewer sales, the median price and days on the market are practically unchanged, while the negotiability factor is falling, showing us a sign of a healthy market, even in the luxury sector. Be well and have a luxurious week. Dec 21 - Public: https://docs.google.com/spreadsheets/... Jan 22 - Public: https://docs.google.com/spreadsheets/... ======================================================= Video Credits Music: On My Way by Kevin MacLeod (incompetech.com) Just Beginning - The Six O Mix 2017 - by Loveshadow featuring Snowflake (http://ccmixter.org) #RavaRealty #ManhattanRealEstate #MarketUpdate #LuxuryRealityCheck