NYC is Back! New Yorkers moving back in.
Thats right.... after 100's of articles claiming the death of NYC, Cuomo finally decides to slowly reopen the city. People are putting in offers $130k over ask in my area in Park Slope Brooklyn, and losing!
People moved out, and decided to move back in when they got bored out of town. I think the anticipation for a fun summer is the bet they are making. I realized this when I listed my 2 bed 1 bath luxury listing for 1.35, and we had a bidding war and went under contract over ask.
My most recent client lost a highest and best situation for a multi family home listed at $775k in Queens, but we were able to get an accepted offer after offer #1 fell through. What a time!