Money, Movies, and Slopes

Video

It is not surprising to find that combination. According to a recent New York Times article, Park City, Utah, where the Sundance film festival takes place, is also now a coveted place for real estate transactions. For those who are there to pick the next big film making trillions, who would appreciate walking out into a private slope, and party away in the snow, this seems like a  hot idea. Article below for your perusal. If you are interested in the slopes here, (Central Park, NYC) do not hesitate to contact me 🙂

http://www.nytimes.com/2013/01/27/realestate/big-deal-selling-a-dream-at-sundance.html?partner=rss&emc=rss&_r=0

New Year/Inventory

2013 could be a year of additional movement for our real estate market. At this time, judging from research – it appears that inventory is somewhat low and prices have started to see some increases. While there are new listings; both cooperatives and condominiums,  the selection is still somewhat controlled. Since the  (2008 +)  economic decline, affecting new constructions and loans there was a decline in new construction, something that is also changing as of  2012, and into 2013. There are some new notable luxury condominiums splashing the midtown landscape. Additionally, the Hudson Yards appears to have approval for a 90 plus year lease deal to be able to develop residential and commercial properties, which will continue to add to the on-going revitalization of Manhattan’s undeveloped areas.