Newsletter Archive
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Riverside Drive & West End Avenue Report
« Download PDFIn 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
« Download PDFMuch 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
« Download PDFThe 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 -
Spring 2016 Newsletter
« Download PDFA GENERAL REVIEW OF 2015 All statistics and reports on sales in 2015 are based on actual closed deals. In this regard, it is important to explain the trends of the market we have experienced and how they have affected the number of new signed contracts over the past year. In times of economic uncertainty, there is often a disconnect between data from closed transactions and newly signed contracts/new business. For example, some of the highest closed sales reported at this time will be the ones where a buyer signed a contract for a new development apartment a year or two earlier. The closed sales data should be referred to as “Reported Market Data” versus new business, which is “Real Time Data.” Read more: Download the Newsletter Spring 2016 -
Fall 2015 Newsletter
« Download PDFThe 2015 spring residential real estate market was, by most accounts, a strong market. Sales prices and volume in Manhattan were up across almost all sectors. Based on the closed deals, the average sales price per square foot and new inventory increased over the same time period as last year. Some of the key causes behind the growth of this year’s market includes a continuing strong local economy led by job gains, a flourishing tech sector, low mortgage rates, and the highest average Wall Street bonus per person since 2007. Download the Fall 2015 Newsletter -
Park Avenue Newsletter
« Download PDFYou will find a thorough analysis of the Park Avenue real estate market in our newly released Park Avenue Newsletter! Also read Deanna’s expert opinion on how the influx of new development has affected sales and a complete neighborhood analysis, info on our exclusive book of photography "Living on Park Avenue" and our recent sales sampling with a select few of our exclusive apartment listings. Park Avenue Newsletter -
Spring 2015 Newsletter
« Download PDFOnce again, the residential real estate market in Manhattan registered a solid performance over the past year with strong sales, albeit with a persistent low of inventory. While the average price per square foot continued to rise, the market’s dynamics began to shift during the second half of 2014 in part due to an influx of new development units that came on the market. Also in this issue you'll find great articles about renovating to increase value, things to consider before renovating, the importance of broker negotiation skills and select few of our exclusive apartment and townhouse listings. DEK-Newsletter-Spring-2015 -
Fall 2014 Newsletter
« Download PDFThe Manhattan real estate spring selling season (January through June) is typically the strongest each year and the first half of 2014 was no exception. Sales in January picked up and by mid-year the market-wide cost for Manhattan’s homes increased 20% in average sale price, 6% in median sale price, and 15% in average price per square foot as compared to the same time in 2013. Download the Fall 2014 Newsletter. -
Riverside Drive & West End Avenue Report
« Download PDFThe real estate market in Manhattan typically operates in cycles, with spring (January through June) the strongest selling season each year. The first half of 2014 remained consistent with this norm; by mid-year the market-wide cost for Manhattan’s homes increased 20% in average sale price, 6% in median sale price, and 15% in average price per square foot as compared to the same time in 2013. Download the Riverside Drive & West End Avenue Report -
Townhouse Edge Newsletter
« Download PDFIn keeping with the hyperactive pace of the 2013 real estate market in Manhattan, townhouses achieved the highest number of sales since 2007. According to Corcoran’s 2013 Townhouse Report, there were 282 townhouse transactions last year, a 4% increase over 2012, with sales equally divided in number between single-family and multi-family homes (defined as two- to four-family homes). Read more in this issue of the Townhouse Edge Newsletter.
