The market, not the seller, dictates price

Eighteen offers on a single property ought to be all the proof anyone needs that the market is king when it comes to valuation.

Shown above, a Tribeca loft received the offers in a mere week, one of which already has been accepted. With two bedrooms and baths, the third-floor condo was listed at $1.375 million this month with 1,305 square feet, or 1,054 per square foot.

The asking price per square foot is Continue reading