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While the NYC real estate market isn't as affected by macroeconomic trends as the US market as a whole, this article by @samanthadelouya in @cnnbusiness with expert commentary from Coldwell Banker CEO @kaminicbr highlights a theme our market has been dealing with over the last ten years: dysfunctional Federal Governmen…
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Manhattan Luxury Market Update | Week of March 23rd
The Manhattan luxury market picked slightly with 33 contracts signed above $4 million... 4 more than the previous week. Condos outsold co-ops, 23-5, with 5 townhouse in the mix.
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NEW LISTING OF THE WEEK:
895 West End Ave 1B
Bloomingdale / Upper West Side
Classic-7
Ask: $2.895M
In looking over new listings for UWS 3 & 4 bed buyers, this one caught my eye.
Parlor level homes in historic buildings such as 895 WEA can be wonderful opportunities. High ceilings, excellent light elevated about sev…
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Manhattan Luxury Market Update | March 16th - 22nd
Manhattan luxury slowed slightly last week, with 29 contracts signed above $4M... 3 more than the previous week and 2 fewer than this same week last year. Condos led the market 21–7, with one townhouse in the mix.
jacobwoodre
While the NYC real estate market isn't as affected by macroeconomic trends as the US market as a whole, this article by @samanthadelouya in @cnnbusiness with expert commentary from Coldwell Banker CEO @kaminicbr highlights a theme our market has been dealing with over the last ten years: dysfunctional Federal Government policy trumps normal market cycles... no pun intended.
From the Tax Cuts & Jobs Act, to the pandemic, to interest rate volatility following the collapse of First Republic, to 'Liberation Day', and now to the Iran War, our market has been stymied by ill-conceived Federal Government policy. Competent leadership is integral to a sustained, healthy economy. May cooler heads (somewhere) prevail before our economy -- to say nothing of our geopolitical standing -- suffer further.
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#jacobwoodre #cnnbusiness #nationalrealestate #nycrealestate #manhattanrealestate #mortgagerates #interestrates #realestateinsights
jacobwoodre
Manhattan Luxury Market Update | Week of March 23rd
The Manhattan luxury market picked slightly with 33 contracts signed above $4 million... 4 more than the previous week. Condos outsold co-ops, 23-5, with 5 townhouse in the mix.
jacobwoodre
NEW LISTING OF THE WEEK:
895 West End Ave 1B
Bloomingdale / Upper West Side
Classic-7
Ask: $2.895M
In looking over new listings for UWS 3 & 4 bed buyers, this one caught my eye.
Parlor level homes in historic buildings such as 895 WEA can be wonderful opportunities. High ceilings, excellent light elevated about seven feet up from street level (almost a full floor), lower maintenance than higher floors, and potentially great value as less savvy buyers misunderstand the numbering, thinking the home is on street-level.
This particular home offers a gorgeous renovation, preserving the original detail, and including an HVAC which is a real premium in a pre-war building whose infrastructure doesn't lend itself to central air installation. The butler's pantry and broken up flow between the living and dining rooms can be awkward in classic-7s that keep their original layout, although this renovation and staging manages it well.
The UWS market has picked up over the past month and I don't expect this one to be around for very long. .
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Listing courtesy of @compassny
#uws #upperwestside #uwsrealestate #coop #nyc #nychomesearch #manhattanrealestate #nycrealestate
That’s a good find @jacobwoodre
jacobwoodre
Manhattan Luxury Market Update | March 16th - 22nd
Manhattan luxury slowed slightly last week, with 29 contracts signed above $4M... 3 more than the previous week and 2 fewer than this same week last year. Condos led the market 21–7, with one townhouse in the mix.