1st Quarter Market Overview
The Manhattan real estate market settled into its new normal during the first quarter, with slower activity transitioning to a seasonally active marketplace as the busy spring season started. This quarter's headline is the 8.3% year-over-year decline in the median...
The Trend Is Your Friend!
With all the macro events going on around us, the New York City real estate market appears to be on an uptrend in both overall Manhattan supply and demand. We will take it! Surprisingly so, the market is doing what we would expect it to be doing during this time in...
What a Difference A Weekend Makes!
It is hard to believe we are nearing the end of the 1st Quarter. In addition to the interest rate environment, inflation, FED decisions, inventory – we added to the pile this past weekend with the failure of SVB and Signature Bank. In a word – STOP! How much more can...
A New Phenomenon
We have waited long enough! It’s true – the New York City real estate market is showing signs of awakening! With the spring market at the starting gate – things are beginning to percolate. Buyers – we’ve been telling you for weeks that the negotiating advantage is...
Market in Limbo!
As we begin the active season, the cumulative number of listings hitting the Manhattan residential real estate market appears to be back in-line with previous years. Please do not misinterpret this as “recovery.” It is not. With demand way down from where we were this...
Will more listings shift leverage?
January ending means we are officially at the beginning of the spring real estate market. We are very ready! Hope you are too. In our last newsletter, we put out a “buy” signal for people that are serious and ready to go. Sellers can get a deal done if they are...
Outlook for 2023
Happy New Year! We are rested and ready to go! As we consider 2023, we would love to tell you that 2022 is behind us. Is it though? We’re not sure yet is the answer because much of what caused the volatility and price pressure in the second half of 2022 is still...
Giving Back List 2022
Be the reason someone smiles today. We recently wrapped up our annual #GivingBack list campaign, a special initiative featuring our favorite charities to give to. Here's the list of the 21 charities and causes we featured: 1. The Luca Gargiulo...
Wrapping Up 2022!
The story here is that low supply has been keeping the market in check. Supply has been moving in-line with 2021 numbers almost exactly since July. Because this has been following the seasonal curve, we treat this as uneventful. Having said that, we remain in a...
How to value outdoor space in New York City real estate
Everyone knows having outdoor space is a luxury in New York City. It is also valuable! But, just how valuable is it? This depends on the size, kind, and shape of the space. Let’s take a look. Outdoor space is not valued the same as indoor space First of...
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