By: James P. Nelson
2013 will exceed our expectations both in term of value and sales volume. The mass sell-off in 2012 was attributed to the rise in capital gains, and our company predicted that the number of NYC sales in 2013 would be off by 20-25%. We did believe the decline in total sales volume would be less severe due to large scale transactions. What we did not expect was the massive uptick in pricing for virtually all asset classes across the boroughs.
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