"In a housing market defined by high mortgage rates and tight inventory, the very top of the market is still moving-sometimes at jaw-droaking prices."
"In New York City, NY, recent sales show just how much buyers are willing to pay for location, scale and exclusivity."
"Below are the most expensive home sales in New York City, NY, highlighting properties that commanded the highest prices:"
High mortgage rates and tight inventory have shaped the current housing market, yet the highest-priced segment continues to trade at exceptional levels. Buyers in New York City pay steep premiums for location, expansive scale, and exclusive amenities. Trophy properties, including penthouses and townhouses in prime Manhattan and desirable Brooklyn neighborhoods, still attract ultra-high-net-worth buyers, often with cash or low-finance purchases. Scarcity of comparable listings and the unique appeal of prestige addresses sustain record-setting sales. The market exhibits a bifurcation where luxury demand remains robust despite broader market headwinds.
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