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Newsletter Archive

  • Fall 2020 Newsletter
    It cannot be overstated what an unusual and challenging year it has been, and this continues to be the case as we progress through the year. New York City has come a long way since March, and we can all be proud of our collective efforts to protect our neighbors and our great city. Since the pandemic began, we have received many questions from our clients about the state of the market and if this is the right time to buy or sell. This newsletter will provide current market data as well as the pros and cons of selling or buying right now. Newsletter-Fall-2020
  • Spring 2020 Newsletter
    Spring 2020 Newsletter
    At the beginning of each year, we provide an analytical overview of the previous 12 months in the Manhattan residential real estate market using both market trends and data. With a new decade ahead of us, we feel it is appropriate to also look back at the significant changes to (and some surprising consistencies in) our market over the past 10 years that have impacted sales prices and volume both positively and negatively. Download the full newsletter here: Newsletter-Spring-2020
  • Park Avenue Newsletter Fall 2019
    Park Avenue is lined by elegant residential buildings and owning a home here has always and will continue to be very desirable. Even in a down market, Park Avenue apartments often fare better than their off-Park Avenue equivalents. Learn more about this unique market in our exclusive Park Avenue Newsletter. Park Avenue Fall 2019
  • Central Park West Newsletter Fall 2019
    Even in a down market, Central Park West apartments often fare better that their non-CPW comparables. Three unique aspects of CPW are that 1) the buildings are primarily prewar co-ops with just a few condos interspersed, 2) properties with direct, open Park views engender higher prices and increase substantially when the apartment is above the trees, and 3) most of the buildings are well-regarded and of “white glove” caliber. Because of this, a market analysis is appropriate for this market alone, separate from the rest of the Upper West Side. Read more in our exclusive Central Park West Newsletter. CPW Fall 2019
  • Fall 2019 Newsletter
    An apt characterization of the Manhattan residential real estate market during the first half of 2019 is that it was challenging for all involved: buyers struggled with making an offer because of market uncertainty, sellers struggled with current market value because of downward price pressure and brokers struggled to navigate between them. While uncertainty and concerns have been present for some time, during the last 6-8 months anxiety levels have increased due to the potential trade wars and their impact on the U.S. economy. As such, discussion about the possibility of an economic recession have surfaced. Download the entire Newsletter below. Newsletter-Fall-2019
  • Tribeca Newsletter Spring/Summer 2019
    When analyzing Manhattan real estate, each large area (Downtown, Midtown, and Upper West and East Sides) must be broken down into smaller segments. Nowhere else are the market segments as distinctive as in the Downtown real estate market. Read more about the Tribeca Real Estate Market in our First Edition Tribeca Newsletter. Newsletter-Tribeca-Spring-Summer-2019
  • Riverside Drive / West End Avenue Spring 2019
    Last year was challenging for the Manhattan real estate market. Buyers and sellers witnessed a significant market reset not seen since Lehman failed in the fall of 2008. In fact, the number of sales declined by their greatest percentage since that financial crisis, and inventory continued to increase. RSD-WEA Spring 2019
  • Spring 2019 Newsletter
    It is important to review the NYC residential real estate market over the past year to appreciate where we are now and what may lie ahead. Last year (2018), the market was exceptionally difficult because it was a significant transitional year: in January, prices began to go down while sellers and the real estate community remained in denial that this was happening. But it wasn’t until the end of the first quarter that the press began to write about the market’s decline. Read more in our Spring 2019 Newsletter. Also in this issue:
    • Current Market Review
    • Neighborhood Markets
    • The Art of Staging
    • Recent Sales Sampling
    • On the Market
    Newsletter-Spring-2019
  • Fall 2018 Newsletter
    The New York City residential real estate market had been slowly weakening since its peak in 2014 – 2015. The downward trend increased dramatically following the tax reform bill, which went into effect in January. The slowdown hit high-end properties first, followed by the middlemarket and then the lower end of the market. The current prices are lower than in the peak of 2014-2015; in some cases, prices are down by as much as 20-25%. Also in this issue:
    • Current Market Review
    • Advice for Buyers and Sellers
    • Driving Trends
    • Data-Based Snapshot
    • New Submarket Series
      Fall 2018 Newsletter
  • Central Park West Report Summer 2018
    For some time now the economy has been very strong in so many sectors of the market, coupled with a record low unemployment rate. Due to these facts, it has been hard for many sellers to believe the Manhattan residential real estate market is exceptionally weak, particularly since the beginning of the year. The residential real estate market on Central Park West has slowed as well. Last year (2017) was a slower market in general, but there was an uptick in sales on Central Park West, particularly in the co-op market as we approached the end of the year. As is the norm in this area, properties on high floors with direct Park views generate higher prices, but this is not always the case if sellers are not realistic on pricing from the outset. These apartments will always be a good investment, but buyers are more cautious and tentative in this market. Central Park West Summer 2018

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