Newsletter Archive

  • Condo report April 2006
    While the non-stop media talk of a real estate bubble on the verge of collapse may have abated in the last few months, there is no longer any doubt that the market is in the midst of a correction. Condo prices are still moving upward but not at the breakneck pace of a year or so ago. The average price per square foot for condos jumped 13% on the Upper East Side and 10% on the Upper...
  • January 2007 Newsletter
    Time and again, New York City has demonstrated its resiliency and independence as the leading U.S. city that defies national trends. Whereas residential real estate nationally has suffered a considerable slow down, New York City has escaped the worst of the real estate excesses.
  • RSD – WEA Review Spring 2006
    The strong appeal that Riverside Drive and West End Ave have for buyers is reflected in the current scarcity of inventory. Studio and one-bedroom apartments, the market segments with the largest inventory of existing units throughout the city, have a mere 13 coops and 7 condos available to buy in the one-bedroom category, and for studios, just 4 coops and 4 condos for sale. Asking prices average $360K for studio coops and $531K for studio condos, while one-bedroom coops average $573K and $854K for condos. The current low inventory in these categories also reflects the flood of renters coming back into the market to escape tight supply and sharply rising rents.
  • Riverside Drive Report Spring 2006
    Well, this has certainly been an exciting time for high-end residential properties on Riverside Drive! The past few quarters have witnessed some of the highest prices ever for apartments on Riverside Drive, but this last quarter has surpassed all previous records.
  • Townhouse Edge Feburary 2006

    The story of townhouses remains an exciting topic, not only for owners contemplating whether to sell and would-be buyers, but for real estate brokers who are trying to discern trends and establish a solid base on which to guide their clients.

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