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"Few of the luxury developers seem to be moving too far down on prices, and they're all moving units (even though they're not flying, either). I think they feel that there's plenty of demand from people who want to own in a nice modern luxury doorman building, but can't or won't pay over $1,000 a square foot, which is the starting point anywhere lower on the island. I think they are getting enough people willing to pay in the $550-$650 range (as evidenced by streeteasy closing data) that they'll mostly continue to hold pat (which often means coming down 5% or so from the list price)."?knowbody [Harlem Condo Emerges From Bankruptcy With Fresh Price Cuts]