"The days of super pricing and of raising prices every other week, think, are probably past von Spreckelsen said in an interview. "Supply has started to catch up with demand."
Toll Brothers is switching gears as sales of new Manhattan condos slow and prices continue to escalate in a building boom. Developers have focused almost exclusively on larger and lavish apartments as a way to capture demand from ultra-wealthy investors who view New York real estate as a secure place for cash.