The Growing Interest From Homeowners Within NYC to Sell Properties Via Auction
In the midst of the coronavirus pandemic, NYC residents are now looking at selling their properties via auction. Concierge Auctions, in particular, is a popular way for these NYC residents to sell their properties online. Before the coronavirus happened, the NYC auctions have been slow but now this business is better than ever. Due to quarantine and being stuck in a small space in an apartment, suburbs are now the place to be for quarantine.
1 Fifth Avenue, Residence 10D
Some of the condominiums that are currently being auctioned next month are at 330 East 38th Street (The Corinthian) Residence 52K and at 1 Fifth Avenue, Residence 10D. The 330 East 38th Street condominium was originally priced at $1.7 million and the 1 Fifth Avenue condominium was originally priced at $3.2 million.
Today’s marketplace is a whole different ball game. Properties are now taking a much longer time to sell especially if the space is a small New York City apartment. For example, I live in the suburban town of Fairfield, Connecticut. The vast majority of the houses in my hometown are two or three-floor houses with plenty of space to function in during quarantine. The home demographic of Fairfield is especially attracting New York City residents including my new across the street neighbors. A husband and wife and their young daughter who were originally from New York City just moved on my street because they wanted to get out of the city. They love the spacious backyard, the not so crowded street, the friendly neighbors, and the optimal living space that a suburb has to offer.
In 2019 before the pandemic hit, the top New York City property sales were more than 1,2000 days on the market according to the Global Auction Leader of Concierge Auctions.
That statistic was shown during Concierge Auctions’ 4th annual “Luxury Homes Index,” a national report that investigates the top 10 highest priced properties in the year 2019. At least 50 popular United States markets tracked the overall health of their luxury homes as well. 30 East 38th Street (The Corinthian) Residence 52K.
30 East 38th Street
The bidding for these beautiful properties such as the 330 East 38th Street condominium, the 1 Fifth Avenue condominium and many more will be from this June 26th to June 30th at Concierge Auctions’ online marketplace. You can visit their website and start bidding at www.concierge auctions.com.
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