New York City is REMI’s Luxury Market of the Week

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The Real Estate Marketing Insider names the New York City metropolitan area as its Luxury Market of the Week. Following a New York Times report that highlighted the booming ultra luxury housing market across Manhattan, REMI advised its realtor readers to cash in on the opportunities provided by the flourishing New York luxury real estate market.

The Real Estate Marketing Insider announced today that it had named the winner of its Luxury Market of the Week award; given to a market whose offerings in luxury real estate show outstanding potential. This week’s award was given to New York, N.Y., after a report released on May 18, 2013 in The New York Times announced that the Big Apple’s skyline is seeing a boom in supply and demand for luxury condo towers.

The report in the Times stated that Manhattan’s real estate market has experienced an explosion in the number and price of new luxury housing offerings. Most notable in the city is an 84-story tower currently being built at 56th Street and Park Avenue, which has already been sold out; the top penthouse of that property has sold for a whopping $95 million. Of late, high-priced property and its quick turnaround is a common story in Manhattan’s luxury market. With rising prices, construction of new luxury properties is booming, too. Forty-nine properties now feature apartments selling for more than $15 million, and around twenty new ones are currently under construction or in the planning stages.

The Insider believes that New York is a good bet for business in any real estate sales marketing niche, from luxury to budget rental. Its high-end offerings have long been among the best in the world, attracting buyers from across the globe. With this new influx of properties, buyers, and money, the time is right for new interested agents to get in the New York game. No matter a realtor’s experience whether with Seattle timeshares or San Diego rentals on the beach, the luxury market in New York City represents a challenging, high-reward market that can give the right agent many chances to make their mark. REMI advises agents to take a close look at the new luxury offerings in New York and see if they might be able to create some opportunities in the market.

The Real Estate Marketing Insider named New York City as its Luxury Market of the Week, following a New York Times report that the American metropolis is seeing an explosion in its luxury real estate offerings. REMI advised real estate agents to try getting into the New York City market while both the demand and supply for luxury properties is high.

About the Real Estate Marketing Insider:
The Real Estate Marketing Insider is an online magazine that covers news, analysis, and forecasts of the real estate market. REMI is based in La Jolla, Calif.

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