It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

This week I took a look at listing discount for the re-sale (existing) and new development sales markets. For purposes of this analysis, listing discount was defined as the percentage difference from the list price at the time of contract and the sales price. I also track this metric from the original listing price, but that metric is full of noise i.e. “my apartment is worth $25M so I’ll list if for $100M and hope I get lucky” and is less helpful to analyze trends. In theory (and the way I tend to view this listing discount), is that an apartment is not actually “in the market” until it is priced competitively—otherwise it’s just a number in a database or spreadsheet…

[click to expand chart]

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My latest Three Cents Worth column on Curbed:
Manhattan Ain’t No Discount Outlet [Curbed]

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