The real estate market in Manhattan continues its upward climb, hitting 9.5% in the third quarter, year over year. This is a dramatic surge, the highest in seven years. But the growing real estate market is not just the beginner homes market. One in five homes in Brooklyn and Manhattan can be termed luxury, their prices in comparison to the sales averages of the last year being markedly higher.
Town Residential is one of the companies filling the need of the luxury market. The company has focused on luxury residential sales and leasing. The sales statistics show that this a booming field, and Town is determined to be the leader in their industry.
Town believes in the personalized approach, a hand-crafted attention to detail with multiple offices to allow them to aid clients as conveniently as possible. The firm has also been voted one of the Top 50 Best Places to Work in NYC real estate. This is a company that knows how to keep top talent, ensuring the utmost for their clientele.
Manhattan’s rent increases, the median hitting a jaw dropping $3,339, mean the luxury real estate market will only increase. As residents of New York City eye their rent, it only makes sense that the next step will be eyeing the real estate listings. If they can afford the rent, why not use that money to afford the luxurious home they’ve dreamt of? Companies like Town Residential are firm in their desire to become leaders in their fields by serving their clients better than anyone else can. This can only be good for nascent home owners.