Deep freeze: Luxury home sales suffer biggest hit on record – Robert Khodadadian

, Deep freeze: Luxury home sales suffer biggest hit on record – Robert Khodadadian, Robert Khodadadian

The U.S. luxury home market saw its biggest drop in sales on record in the three-month period ending in November. Luxury home sales dropped 38.1 percent year-over-year from September to November, according to Redfin. That’s the largest decline reported by the brokerage in its 10 years tracking the market. Non-luxury home sales also fell by a record amount, declining 31.4 percent during the same period. Both sectors have faced headwinds like high interest rates and

 The U.S. luxury home market saw its biggest drop in sales on record in the three-month period ending in November. Luxury home sales dropped 38.1 percent year-over-year from September to November, according to Redfin. That’s the largest decline reported by the brokerage in its 10 years tracking the market. Non-luxury home sales also fell by a record amount, declining 31.4 percent during the same period. Both sectors have faced headwinds like high interest rates and
The post Deep freeze: Luxury home sales suffer biggest hit on record appeared first on New York.  Home Page, Residential Real Estate, Housing Market, Luxury Real Estate, redfin The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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