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This appeared to be the perfect soft landing: prices did not drop.
At Piermont Landing, prices for one-bedroom condos with river views start at $350,000 to $400,000; larger units facing the river range from $800,000 to $1.3 million.
Similar(57)
Land prices soared.
And land prices had begun to climb.
Land prices are falling fast, too.
Residential land prices sank 5.7percentt in 2003 from a year earlier.
In 2005, land prices rose 0.9percentt.
Land prices have since risen sharply.
But land prices are the key.
Land prices of course vary with location.
"The land prices make it too tempting".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com