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The Day - New York luxury real estate could be a bargain in 2021 - News from southeastern Connecticut

Email Submit Judging by the last quarter of 2020, New York s luxury real estate market should enter 2021 with confidence. Sales of homes that cost more than $4 million were a little above those of the same three months in 2019, says Donna Olshan, president of luxury real estate broker Olshan Realty. Now, some of that has to do with demand that was never met, because we lost the most important quarter the spring, she says. But the tick upward is also, she says, because most of these sales are [to] New Yorkers, or from the New York metro area, betting on the home team. They are getting covid-19 discounts, they re looking at the long-term prospects of New York, and they re buying.

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