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Luxury co-ops see upside as market softens

Luxury co-ops see upside as market softens

Is there an upside to a softer luxury market? For co-ops there is. After playing second-fiddle to new development condominiums in recent years, co-ops are finally gaining value as condo prices fall back down to Earth. According to Stribling & Associates, the number of condo sales above $5 million surged 74 percent between 2014 and 2017, while co-op sales at the same price point dropped 25 percent. But in 2017, the number of condo sales […]


Source: realdeal

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