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New York City's luxury real estate market cooled considerably in 2016, with the number of high-end sales down 18 percent. Experts blamed co-ops for the decline, as demand has shifted to condos instead. But even still, the "golden years" of new condo construction have passed. A total of 1,102 properties had contracts signed for $4 million or more this year, down sharply from 2013-2015 but still higher than 2012, before the condo boom started. Many predict that 2017 will be a game changer for the real estate industry in 2017, but just how will it play out?
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