Hi, It feels good to be back into writing about real estate! I’ve spent the past 2 years working and consulting for real estate technology companies, where I gained a tremendous amount of knowledge in capturing, interpreting and turning real estate data into actionable decision making tools. Equipped with this new set of skills, it’s […]
Manhattan Real Estate market had a mixed year 2016 with closings dropping 11% (13,605), inventory reaching 5,865 units (+16%), but still well below pre-2008 levels (8,500 units) and 2009 Peak (11,500). Prices are keeping their upward trend with an average price of $2.045M (+12%), Median of $1.1M (+11%), and average PPSF of $1,841 (+12%). Prices […]
Brooklyn Real Estate market had a solid 2016 year despite a slight drop in sales volume (-14%), which can mainly be attributed to an inventory drop of lower price point properties (<$500K) mostly replenished by new products exceeding the $1-$2M range. Prices across the board are up with an average price of $797K (+16%), median […]
Hi, Another quarter another laughter! This time the cards are changing hands and buyers have a better margin of manœuvre in a market where sales volume have considerably dropped and inventory gained slightly while recovering from record low levels. The market has softened but talking bubble at this stage is a bit exaggerated (but it does […]
Hi, Spring is now behind us and left with a confirmation of the 1st Quarter trends showing a cooling Manhattan Market with high level of prices and a growing Brooklyn Market where New Developments are picking up the slack of slower co-op and condo resale. In this Q2 2016 Newsletter, I’ll introduce the concepts of […]
Hi, 2016 started on different paths for Manhattan and Brooklyn. Manhattan became more expensive than ever while experiencing a slowdown in number of sales, while Brooklyn keeps cruising with strong fundamentals to back up some sustainability to this trend. However, some hope remains for the Manhattan buyer! This Newsletter will show how the pipeline of Q1 2016 […]
Hi, The 4th Quarter 2015 finished on a high note for New York real estate (and me as I became a Dad) with all time high price levels and a slight rebound of inventory. Manhattan and Brooklyn market snapshots will confirm the different trends both markets are currently undertaking with more opportunities arising for Manhattan […]
Breaking News! New York City recently fell down the list of nation’s priciest Zip Codes, owning only 2 spots versus 6 a year ago! Something must be happening! This 3rd quarter 2015 newsletter will support some signs of a possible slow down in the Manhattan Market based on the price level/inventory and sales volume data. […]
Hi, Another quarter and another record breaking set of numbers for Manhattan and Brooklyn real estate. The boom of the luxury and super high end condos have pulled the average price of a Manhattan apartment to an all-time high $1.81M and also helped trigger a rise in inventory with the sales commencements of several high […]
Step into the stately entrance of the Engineer’s Club to enjoy a journey in one of the most iconic Manhattan property where the distinguished names of Andrew Carnegie, Thomas Edison, or Tesla elaborated the plans that shaped the future of New York City architecture and engineering. This Bryant Park hidden gem is located in the12 […]
Fred M. On Real Estate 