2022 Q4 New York City Real Estate Market Report Overview:The fourth quarter of 2022 demonstrated a resilient New York City real estate market amid rising interest rates and inflationary pressures. While the sales market saw some softening in demand, especially among first-time buyers, prices remained relatively stable, particularly in high-demand neighborhoods. The rental market experienced...
2022 Q3 New York City Real Estate Market Report Overview:In the third quarter of 2022, the New York City real estate market experienced a notable shift as rising interest rates and economic uncertainties began to impact buyer sentiment. While the overall market showed signs of resilience, with stable pricing in many areas, there was a marked slowdown in sales volume, particularly among first-time...
2022 Q2 New York City Real Estate Market Report Overview:The second quarter of 2022 marked a period of transition in the New York City real estate market, characterized by rising interest rates and inflationary pressures. While sales activity remained robust in the luxury segment, a general cooling in buyer demand was observed, especially among first-time homebuyers. The rental market showed...
2022 Q1 New York City Real Estate Market Report Overview:The first quarter of 2022 in New York City’s real estate market exhibited a robust recovery from the pandemic's effects, characterized by strong demand across various segments. With the easing of restrictions and a return to normalcy, both the sales and rental markets saw significant activity. However, rising interest rates and inflation...
2021 Q4 New York City Real Estate Market Report Overview:The fourth quarter of 2021 marked a significant rebound for New York City's real estate market as the city continued to recover from the impacts of the COVID-19 pandemic. The overall market showed strong demand, especially in the luxury segment, as buyers and renters returned to the city. The combination of rising prices and a competitive...
2021Q3 marks the shift of buyer's market to seller's market. As we await for more information and data from other firms, here's a glimpse of the data from Douglas Elliman. Manhattan +1.4% Increase in Median Sales Price -15.2 months of supply (due to huge increase in number of sales) +228.9% number of sales (number of sales tripled) + 9 days on market -3.3% Negotiability % of higher bidding...
Brand New Building | 67 Stories | 802 Units | Winter 2020 Closing Suite price: from $660,000 1-bedroom Price: from $900,000 2-bedroom price: from 1.2 million 3-bedroom Price: from 2.4 million
Brand New | 66 Stories | 244 Units | Spring 2021 Closing 1 bedroom Price: from 1.3 million 2 bedroom Price: 1.9 million 3 room price: from 2.8 million 4 bedroom price: from 5.4 million
Brand New | 57 Stories | 481 Units | Spring 2021 Closing Studio price: from $675,000 1-bedroom price: from $930,000 2-bedroom price: from $1.25 million 3 bedroom price: from 1.9 million 4-bedroom price: from 3.4 million
The first quarter 2020 housing price report is finally out, and this time the focus will be on the period after February, as the February-March data is generally said to be the indicator of the next year's housing prices in New York. The direction of real estate in the beginning of spring can be inferred by observing February and March to a large extent.If you are interested in reading last quarter's...