Source: Fox Business —
“Million Dollar Listing” star Ryan Serhant discussed the booming New York City real estate market on Tuesday, noting that opportunities for “good deals” still exist despite the surge in demand.
Serhant, a real estate broker, argued on “Mornings with Maria” on Tuesday that there is “no place like New York” and that it’s “one of the safest real estate investments you can make.”
The founder and CEO of real estate company SERHANT noted that setbacks initially facing the city due to the coronavirus pandemic and its associated lockdowns, which led to a mass exodus, as well as the rise in crime do not seem to be leaving a lasting impact on the New York City real estate market.
He stressed on Tuesday that the New York City real estate market is “incredibly active” despite the rise in crime.
Real estate company SERHANT reported fourth-quarter Manhattan sales shot up 77% year-over-year, surging to 3,380 closings. The company described the 2021 Manhattan housing market as “phenomenal.”
The report noted that the “robust level of sales has put upward pressure on prices and downward pressure on discounts” with the median price in Manhattan rising 4.3% in the fourth quarter to $1,136,250.
