February 25 2016

What’s Ahead in 2016 for New York Real Estate

In a recent New York Daily News article, eight predictions were given concerning the New York real estate market for 2016. Right out of the gate, it is forecast that selling a property within days of its listing are over. Buyers will be taking much longer to make decisions as they view contracts longer, asking for contingencies and demanding more from the seller. Not only that, but trending locations such as Queens and Brooklyn’s Pacific Street will be increasingly expensive even though there is pressure to reduce prices in light of the recent interest rate increase. Factor in the expectation of the baby boomer generation’s role as they downsize from their large suburban residences or seek a second space to be near their grandchildren.

Town Residential Real Estate has been a premiere player in the New York scene and has established itself as the foremost luxury real estate services firm in just five short years. Internally, the firm has such a uniquely exhilarating culture that it has ranked as one of the Top 50 Best Places to Work in New York City. Even within the ever-changing landscape of New York real estate, the firm has been able to seamlessly execute best in class customer service by its team of representatives. Their executive leadership is heralded by CEO and Founder, Andrew Heiberger, who has been a successful serial entrepreneur and is a veteran in the N.Y. real estate industry.

Town’s knowledge of New York neighborhoods is unsurpassed, from Tribeca, Upper East Side, Hell’s Kitchen, Chelsea or Greenwich Village, harmonizing the client’s lifestyle with the perfect New York home takes more than a company that knows the rules of real estate, but also knows the nuances of New York living. Town is committed to guiding its clients through the entire search and financial transaction process, even providing a concierge service for corporate relocation personnel to assist with transition to the New York lifestyle and all its arts, culture and entertainment venues. With an impressive portfolio of past sales spanning every trending neighborhood in New York, Town Residential is the firm you can be confident will provide the very best in experience and knowledge for buying or leasing in New York.