Newsletter Archive

  • 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
  • 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
  • Spring 2018 Newsletter

    Each new year, I provide an analysis of the Manhattan residential real estate market in my Spring Newsletter that was just released including an overview of the past 12 months in residential sales, as well as my thoughts on what to expect the first 6 months of 2018. The newsletter also includes:

    • Valuable Advice for Both Buyers & Sellers in the Current Market
    • Neighborhood Market Snapshots
    • Renovating for Resale: Kitchen Design Pro-Tips
    • Preparation Tips for a Successful Estate Sale
    • Landmark West interviews the UWS’s First Female Agent
    • What’s on the Market

    Download the Spring 2018 Newsletter

  • Park Avenue Newsletter Fall 2017
    Interested in the Park Avenue market? Check out our latest Park Avenue newsletter that analyzes the residential real estate market in this beautiful uptown neighborhood. Focusing on resale sales from 46th Street to 96th Street, this review covers activity in the first three quarters of this year and compares to the same time period in 2016 and 2015. Park Avenue Newsletter 2017
  • Fall 2017 Newsletter
    After the Presidential Election in November 2016, the Dow and other economic indicators improved markedly. Those watching their investments in the stock market as well as other stocks and bonds greatly benefitted from the strong economy, although a significant number maintained a cautious attitude, espousing their concern that these strong market trends would not last. It was presumed that the surge in the Dow was triggered by the promise of lower taxes and relief from regulations enacted by the Obama administration; eliminating or reducing regulations was seen as an important step to increase profitability in many business sectors. Click here to download PDF  
  • Central Park West Report
    Central Park West sales prices have been strong for apartments that directly face the Park and located on the mid to higher floors. In some cases, there are record sales prices. However, for Central Park West properties that have no Park views or a have a flaw (such as a very low floor, or blocked views), the market is weaker and is consistent with the general weakness in the overall market. Central Park West Report
  • Riverside Drive & West End Avenue Report
    In most cases, the condominium market more strongly exhibits the effects of declining sales volume and prices than sales in the co-op market. New development that has been hit the hardest on the Upper West Side has been in the Riverside Boulevard area. Prices have recently come down on the Boulevard and sales have begun to pick up. While this stretch does not impact the Riverside/West End market directly (which is largely made up of co-op buildings and not much in the way of new construction), it does have a psychological effect on a buyer’s perception of the market. Click here to download the RSD & WEA Report Summer 2017
  • Spring 2017 Newsletter
    Much has changed since the last newsletter! We have just inaugurated a new president and the negativity leading up to the election is over, at long last. During the last 12 months many changes occurred that were impossible to foresee. Even the election and its effect on the financial markets was not predicted by the media or the financial sector. Featured in the Spring issue: The Current Market Review, How Appraisals Work, Student Detectives, On the Market, Buyer's Guide and 2017 Sales Sampling. Click here to download the Spring 2017 Newsletter.
  • Fall 2016 Newsletter
    The Manhattan residential real estate market in the first quarter was negatively affected due to several different developments both domestically and internationally. This was evident at the beginning of year when we normally experience an upswing in the real estate market – which did not materialize. Many have asked about the reasons behind the market sluggishness and why it continues to be lackluster. The answer is complex, multifaceted, and has been percolating long before the first quarter of 2016. Featuring in the fall issue The Current Market Review, Buyer Checklist, the Value of Preservation, Townhouse Snapshot, On the Market and Sales Sampling. Click here for the Fall 2016 Newsletter

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