New York City Luxury Market

The latest trend for luxury homes? Keeping the price tag a secret Agents are now making prices of luxury units “available upon request”

The 10,000 square foot triplex atop the Hampshire House at 150 Central Park South (Credit: Viewpoint Studios)

Asking prices are the latest secrets in the luxury real estate爱上海同城论坛

market, with agents choosing to make them “available upon request’ rather than advertising them.

There are multiple reasons for employing this strategy, ranging from trying to let the market set the price to maintaining a sense of privacy or exclusivity around the property, according to the Wall Street Journal. It can also be a sign of the agent and seller disagreeing over the listing price.

Developer Arnon Katz is currently using this strategy to market his 10,000-square-foot triplex on top of Hampshire House at Central Park South. Rather than assuming what buyers would be willing to pay for it, his team decided to reach out to agents and buyers who might be interested and see what they think it is worth.

Some marketers are not big 上海千花网交友

fans of the strategy, however, since websites like Trulia and Zill爱上海同城论坛

ow will not新上海贵族宝贝论坛

accept unpriced listings, thus limiting the amount of people who can see that the property is on th上海贵族宝贝论坛

e market.

“I tell clients it’s like being half pregnant,” Bradley Nelson, senior vice president of marketing at Sotheby’s International Realty, told the Journal. “Do you want to sell your house or do you not want to sell your house? You have to decide.” [WSJ] – Eddie Small

Tags: asking prices, NYC Luxury Market
We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

Leave a Reply

Your email address will not be published. Required fields are marked *