NEW YORK CITY – Sales velocity, since starting sales a month ago for two new condo buildings in the West Village and Tribecca shelved during the economic crisis, has stunned all involved. The prices of units in one have been adjusted 9 times, +13%, and the other 3 times, +4%. While the buildings are different from one another and built in different neighborhoods, the surge in pent-up demand indicates the level of intense interest in high end developement – severly constrained during the economic crisis years – and the lack of new inventory. […A very similar statement could be made equally for Aspen real estate. Tim Estin, editor]

Link to 3/14/2013 NYT article

56 Leonard St, TriBeCa, NYC