Manhattan Real Estate Market Quarterly Report: Q3 2019 Buyers continued to find improved value in the Manhattan market during Third Quarter 2019. Last quarter proved to be an anomaly, when the impending state mansion and transfer tax changes drove a rush to close high-end deals and spiked price statistics. With prices lower, the number...
Manhattan’s 2nd Quarter was one of reassuring news as Manhattan sales increased year-over-year for the first time in two years. Manhattan’s challenging real estate market welcomed reassuring news in Second Quarter 2019. Market wide sales increased year over-year for the first time in two years, up 5% annually to over 3,300 sales totaling $7...
Manhattan set a new record in first quarter of 2019 with the closing of the highest priced home ever sold in the United States. Manhattan In Manhattan, the challenging market continued in First Quarter 2019 as sales declined amid affordability, supply and tax headwinds. Market wide closings fell 5 percent year-over year to about...
The South Fork The South Fork market experienced a drop in sales but overall price figures held steady. The number of reported sales and total sales volume were both down 15%. East Quogue/Hampton Bays, Quogue Village/Quogue and East Hampton Village had an increase in reported sales versus Fourth Quarter 2017. Reported sales in Southhampton...
Template 1 – Alexis “I believe in New Yorkers. Whether they’ve ever questioned the dream in which they live, I wouldn’t know, because I won’t ever dare ask that question.” – Dylan Thomas Happy 2019! Hope you enjoyed a lovely holiday recess full of family and fun. With January upon us and a whole...
Third Quarter market activity diminished as buyers took a “wait-and-see” attitude: Manhattan market-wide closed sales and signed contracts declined compared to a year ago as buyers remained cautious with lingering concerns over tax implications and the belief that prices would continue to decrease. Market-wide closed sales decreased 10% and contracts signed decreased 12%...
The 1Q18 Manhattan Corcoran Report is out! Key findings of the First Quarter report: It was a mixed quarter: The Manhattan market saw reduced sales, inventory on the rise and price statistics settling down. Meanwhile, days on market dropped slightly, indicating that appropriately priced properties are still finding buyers, while mispriced properties linger. Buyer...