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...
A Positive Step Forward
Last week ended with good news as the most recent inflation report (CPI) came in lower than expected on Thursday. The result? The stock market rallied to its biggest day in 2 years. Mortgage interest rates took an immediate and notable move down. All...
All eyes were on October!
To be honest, we had all eyes on October hoping for an uptick in transaction activity. It didn’t happen. The fall market deal volume has been painfully slow. On the supply side, we have likely topped out on new listings for the season and are beginning to see...
Sometimes…there are more important things to talk about than real estate
katiecouric.com – KCM – Getty Images This is Janet of the Wilkinson LeFevre Team at Keller Williams NYC. This newsletter is a personal story that is meant to raise awareness about how important it is for all of us to stay vigilant about screening for cancer....
3Q22 Is a Wrap! What’s Next?
We are officially in the fall market. Let’s review three important points: (1) what did Q3 tell us; (2) where are we now; and (3) how do rates play into this? POINT ONE - Third Quarter Market Report - What is Notable? Median and Average prices rose...
Early Fall Market: What to Expect in Manhattan and Brooklyn
Happy almost fall! Before we get into it, it’s important to note that September is the lowest deal-volume month of the calendar year so there is nothing grand to report in terms of unexpected changes. The macro shift, in our opinion, has occurred and what we are...
How much does height matter in pricing a home?
There are so many things that go into the value of a home in New York City, with the most obvious being location, size and condition of the home. But, New York City is unique in that floor height can also change the listing price of a home, even within the same...
Saying Goodbye to the Summer Market
The summer market is nearing its end and all eyes are turning to the fall markets. There are a lot of opinions out there around what the 2nd half of the year will deliver us, but it’s safe to say that the recent numbers posted on rates and inflation leaned into...
Buying an apartment in NYC? Here’s what you need to know about monthly fees
Buying a home in New York City is unique compared to buying a home in other regions. For one, buying an apartment will come with monthly fees on top of your purchase price. It is crucial that you factor these costs in when you’re looking for an apartment. Not...
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