Market Reports


NY Q2 2020 RESIDENTIAL SALES REPORT

In the second quarter of 2020, the New York City average residential sales price, which covers condominiums, cooperatives and one-to three family homes, was $975,806 - a 13% decline year-over-year. Broken out, the citywide averages were: Condominiums: $1.6 million Cooperatives: $724,983 One-to-three family homes: $860,631 From Q2 of last year, total consideration decreased by 50%, from $12.8 billion to $6.4 billion, reaching the lowest point since the fourth quarter of 2011. The Citywide residential transaction volume also decreased year-over-year, declining from 11,413 to 6,534 sales, representing a 43% drop and an all-time low ...

CBRE MIDYEAR REVIEW | COMMERCIAL OUTLOOK 2020

Uncertainty brought on by the COVID-19 pandemic dramatically slowed real estate activity in Q2 2020. As the global economy begins to recover, how will real estate markets respond? Most major economies have begun lifting restrictions to varying degrees. Explore the real estate and economic indicators guiding recovery for the top cities around the world.

NEW YORK CITY METRO REPORT: SEPTEMBER 2020

The New York City Metro Area Report analyzed active listings in August 2020 across 26 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The New York one bedroom median rent was $1,933 last month.

BUYERS GUIDE TO BEVERLY HILLS | AUGUST 2020

The median price and active listings data depicted in the graphics are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes and condominiums/town-homes. Sales data are not adjusted to account for seasonal factors that can influence home sales. Movements in sales prices should not be interpreted as changes in the cost of a standard home. The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions ...

UK HOUSE PRICE INDEX SEP2020

This month’s report features exclusive insight on the year-to-date growth in new sales (compared to the same period in 2019), the ongoing housing supply/demand imbalance and the effect further COVID-19 restrictions will have on-demand. First-time buyers have long been the engine of the housing market. However, the current growth in demand from existing homeowners will shift the market focus. Houses with more space outside of big cities will grow in popularity. This trend is likely to continue if homeowners end up spending more of the winter in their current homes due to tightening restrictions.

MANHATTAN’S HOUSING MARKET IS COMING BACK | CURBED REPORT AUGUST 2020

When the COVID-19 pandemic hit New York City in the middle of March, the housing market was put on a prolonged pause while much of Manhattan emptied out and shelter-in-place orders were in effect. Now, with the city returning to some sense of normalcy, there are signals that Manhattan’s housing market is starting to function again — and the current dynamics clearly favor buyers over sellers.

PALM BEACH & SURROUNDING AREAS | MARKET STATS JULY 2020

Comprehensive statistics on the Plam Beach and Surrounding areas housing markets for July 2020. You'll find current and historical reports featuring monthly, quarterly and annual data for single-family, condo/townhome and manufactured home sales.

COMMERCIAL | RETAIL MARKET REPORT, 2ND QUARTER 2020 MANHATTAN

MANHATTAN | A quarterly analysis of retail spaces sales in Manhattan 2nd Quarter 2020

JUNE 2020 | RESIDENTIAL REAL ESTATE ACTIVITY IN THE STATE OF NEW JERSEY

While much of the country was working on a phased reopening of the economy in June, real estate activity continued to strengthen as well. Nationally, June showing activity as tracked by ShowingTime was up notably from the COVID-19 depressed levels in recent months but was also up from June 2019, reflecting pent-up demand by prospective home buyers.

CONNECTICUT | LIVE MARKET REPORTS | JULY 2020

The median home value in Connecticut is $259,855. Connecticut home values have gone up 1.4% over the past year and Zillow predicts they will fall -2.3% within the next year. The median list price per square foot in Connecticut is $173. The median price of homes currently listed in Connecticut is $309,900 while the median price of homes that sold is $258,600. The median rent price in Connecticut is $1,800. Live report @ https://www.zillow.com/ct/home-values/

NEW YORK CITY METRO REPORT: JULY 2020

The Zumper New York City Metro Area Report analyzed active listings in June 2020 across 27 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The New York one bedroom median rent was $1,972 last month.

ZUMPER NATIONAL RENT REPORT: JUNE 2020

COVID-19 shifts demand away from the most expensive markets Looking at monthly changes, all of the top 10 priciest cities either had flat or declining rents. It seems the pandemic has shifted the demand for apartments away from the most expensive cities, since usually demand picks up as we head into summer but now the opposite is true. As more and more companies move into remote work, many renters don’t want to pay the big city price tag when they are unable to use the amenities and are looking for more affordable options outside of large, metropolitan areas.

NYC OFFICE - Q2 COMMERCIAL REPORT 2020

Commercial Market Report Includes: sales volume, total square footage, average price/sqft, complete list of sales, historical stats, and more!

FLORIDA MARKET SALES ACTIVITY - JUNE 2020

Florida Realtors closely monitors market trends, news and forecasts that impact the state’s real estate industry and Florida’s economy. Real property – building it, buying it, leasing it, selling it – generates revenue, creates jobs and contributes billions to the state’s economy. This report looks at the Florida Market Sales Activity for June 2020

CALIFORNIA - CURRENT SALES & PRICE STATISTICS JUNE 2020

Sales bounced back in June after hitting the lowest level in nearly 13 yearspage4California, June 2020 Sales: 339,910 Units, -12.9% YTD, -12.8% YTY, +42.4% MTM. California home sales improved from May as the state reopened but continued to decline year-over-year

CBRE - Q1 2020 US NET LEASE INVESTMENT REPORT

Net-lease investment volume increased by 34.6% to $78.9 billion for the year ending Q1 2020—the highest four-quarter total on record—as investors sought attractive yield at lower risk than other commercial real estate assets. Q1 volume ticked up 1.0% year-over-year to $13.2 billion. However, volume is expected to drop in Q2 due to the economic fallout from COVID-19. Washington, D.C. was the most-favored investment market in Q1, while New York City, Los Angeles and San Jose had the most volume over the past four quarters. Investors also were increasingly attracted to net-lease investment opportunities ...

UK HOUSE PRICE INDEX SUMMARY: MARCH 2020

UK house prices increased by 2.1% in the year to March 2020, up from 2.0% in February 2020. On a non-seasonally adjusted basis, average house prices in the UK decreased by 0.2% between February 2020 and March 2020, compared with a fall of 0.3% during the same period a year earlier (February 2019 and March 2019).House price growth was strongest in Northern Ireland where prices increased by 3.8% over the year to Quarter 1 2020 (January – March 2020). The highest annual growth within the English regions was in London, where average house prices grew ...

FLORIDA RESIDENTIAL MARKET SALES ACTIVITY - Q1 2020

“The impact of COVID-19 on Florida, the U.S. and throughout the world was fully realized in April,” said 2020 Florida Realtors President Barry Grooms, a Realtor, and co-owner of Florida Suncoast Real Estate Inc. in Bradenton. “Many businesses shut down as people sheltered in-place to protect themselves and their loved ones, following the governor’s stay-at-home order and recommended health practices. Job losses rose and unemployment claims overtaxed the state’s system. It’s no surprise that many buyers and sellers put their plans on hold for now, because of the pandemic and the current economy.

LONDON | HOUSING MARKET REPORT Q2 | MAY 2020

Traditional data sources are usually published on a monthly or quarterly basis, with a time lag. For this reason, the data sources referenced below do not yet reflect the impact of Covid-19 on the housing market, and the report generally describes the state of London’s housing market before the onset of the pandemic.

Q1 2020 RESIDENTIAL SALES REPORT

The average sales price of a home (condominium, cooperative, and one-to-three family home) in New York City in Q1 2020 was $1.01 million, which remains flat year-over-year. Citywide, the average sales price of a condominium was $1.5 million, a co-op was $832,000 and a one-to-three family home was $883,000. Total consideration decreased 16% year-over-year, from $10.5 billion to $8.7 billion. This represents the lowest total since Q1 2014, which was $8.3 billion. Year-over-year, total consideration also declined in all five boroughs. Manhattan declined by 25%, Brooklyn by 3%, the Bronx by 12%, Queens ...

USA NATIONAL RENT REPORT | MAY 2020

We recently ran a survey of Zumper users, a full in-depth piece will be coming out in May, and found that 67% were financially impacted from the pandemic. Of those impacted, 35% lost their job or received a pay cut. Usually as the warmer months approach, demand and rent prices pick up. However, this report shows that as we enter into Spring 2020, this is not the case.

MANHATTAN RESIDENTAIL REPORT | APRIL 2020

The Manhattan Market Report is organized in six distinct sections and it is designed as a guide to the borough’s residential market. The report includes key market stats, the most up-to-date monthly sales data, and charts that give a clear picture of current market conditions.

STREETEASY MARKET OVERVIEW REPORT | MONTHLY

Monthly Updates NYC

CBRE | MANHATTAN OFFICE MARKET | APRIL 2020

The impact of this crisis on the Manhattan office market could be less long-lasting and the recovery could be faster than after the September 11 attacks and the Great Recession. Instead, it could mirror the recovery of Asian economies during the SARS outbreak in 2002, where sharp but short-lived declines in economic activity caused a temporary weakness in the real estate market that was largely resolved after one or two quarters. Indeed, China’s initial recovery from its COVID-19 outbreak appears to be following a SARS-like trajectory and could offer hope of a similar path forward for the U.S.

NJ APRIL - STATE REPORT

While the stock market recovered significantly in March, the effects of COVID-19 to the economy continue to build. In just the last four weeks, more than 20 million people nationwide filed initial unemployment claims according to the United States Department of Labor, including nearly 600,000 claims filed in the State of NewJersey alone. In the face of these challenging times, real estate activity in Aprilslowed significantly.

LONG ISLAND | MARKET HIGHLIGHTS | APRIL 2020

The April 2020 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens housing data, rose to $496,000 representing a 9% increase over last April, despite our market area being an epicenter of the Covid-19 pandemic. Year over year closed median home prices increased across Nassau, Suffolk, and Queens County in April, while sales activity dropped sharply as expected amidst the coronavirus outbreak. Nassau County reported a $562,500 closed median home price in April representing an increase of 11.4% over $505,000 reported by MLSLI last year. Suffolk County reported a closed median price ...

METRO REPORT | NYC | APRIL 2020

The Zumper New York City Metro Area Report analyzed active listings in March 2020 across 30 metro cities to show the most and least expensive cities and cities with the fastest-growing rents. The New York one-bedroom median rent was New York City Metro Report April 2020. City Metro Area Report analyzed active listings in March 2020 across 30 metro cities to show the most and least expensive cities and cities with the fastest-growing rents. The New York one-bedroom median rent was $1,909 last month.

CAR - MONTHLY SALES AND PRICE STATISTICS APRIL 2020

C.A.R.'s California & County Sales & Price Report for detached homes are generated from a survey of more than 90 associations of REALTORS® and MLSs throughout the state, representing 90 percent of the market.

CBRE | LONDON COMMERCIAL | JAN - APRIL 2020

Take-up in Central London totalled 2.4 m sq ft during the first quarter of the year, a decline of 9% on the 10-year Q1 average. Availability saw an increase for the first time since 2018, growing by 11% to stand at 13.9m sq ft. As a result, the Central London vacancy rate increased to 4.5% in Q1. Under offers remained stable at 3.5m sq ft and above the 10-year average by 9%. The investment market had a slow start to the year, with just 24 capital transactions completing during the quarter totalling £1.4bn. A total ...

LOS ANGELES | HOME PRICES & VALUES | MONTHLY REPORT

The median home value in Los Angeles is $752,508. Los Angeles home values have gone up 5.8% over the past year and Zillow predicts they will fall -0.4% within the next year. The median list price per square foot in Los Angeles is $551, which is higher than the Los Angeles-Long Beach-Anaheim Metro average of $447. The median price of homes currently listed in Los Angeles is $859,000 while the median price of homes that sold is $760,200. The median rent price in Los Angeles is $3,500, which is higher than the Los Angeles-Long ...

UK PRIME RENT AND YIELD | APRIL 2020

Retail has initially been the sector to struggle most with the fallout of Covid-19. This has been clearly reflected in both rental and yield data this quarter. At the national level, All Shops prime rents decreased -1.0% in Q1 2020. Shops in the East Midlands reported the largest decrease at -7.4%.In contrast, Central London Shops decreased only 0.9%. Shopping Centre prime rents fell ‐1.5% over the quarter, while Retail Warehouse prime rents decreased ‐3.4%. Overall, All Shop average prime yields suffered an increase of 45bps in Q4 (4bps in Q4 2019). The North East ...

METRO REPORT | LA | MARCH 2020

The Zumper Los Angeles Metro Area Report analyzed active listings in April 2020 across 30 metro cities to show the most and least expensive cities and cities with the fastest growing rents. The California one bedroom median rent was $1,764 last month.

NEW JERSEY - MONTHLY HOUSING MARKET STATISTICS | MARCH 2020

As COVID-19’s impact spread across the country in March, the stock market declines started in February accelerated downward before recovering a bit in the last week of the month. With volatility across all the financial markets, lenders began tightening underwriting standards and some buyers found they no longer were approved for a loan. Massive layoffs also shook the economy with 3.28 million initial jobless claims filed in a single week—the highest in history more than four times over.

LONG ISLAND MONTHLY STATISTICS AND INDICATORS | MARCH 2020

The March 2020 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens housing data, rose to $490,000 representing a 6.5% increase over last March. Nassau County reported a $530,000 closed median home price in March representing an increase of 2.9% increase over $515,000 reported by MLSLI last year. Suffolk County reported a closed median price of $405,000, which represents a 9.5% increase over $370,000 reported a year ago. Queens reported a closed median home price of $601,875 representing an increase of 8.1% over $557,000 reported ...

FLORIDA MONTHLY MARKET DETAIL - MARCH 2020

Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the next.

METRO REPORT | NYC | MARCH 2020

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MANHATTAN RESIDENTIAL MARKET REPORT | FEBRUARY 2020

The Manhattan Market Report is organized in six distinct sections and it is designed as a guide to the borough’s residential market. The report includes key market stats, the most up-to-date monthly sales data, and charts that give a clear picture of current market conditions. The first section - Residential Market Overview - shows the borough’s median sale price per property and per square foot, together with trends and changes over the past year. The second section informs on the borough’s most expensive sales for each residential property type included: single-family homes, condo and co-op units.

UK HOUSE PRICE INDEX | JANUARY 2020

UK average house prices increased by 1.3% over the year to January 2020, down from 1.7% in December 2019. Average house prices increased over the year in England to £247,000 (1.1%), Wales to £162,000 (2.0%), Scotland to £152,000 (1.6%) and Northern Ireland to £140,000 (2.5%). Yorkshire and The Humber and West Midlands have seen an annual house price growth of 3.1% and 2.6% respectively, this growth has been partially offset by the negative growth in the East of England (negative 0.6%) and the South East of England ...

CITY REALTY | NYC | YEAR END MARKET REPORT 2019

Following escalating prices during the first half of the decade, Manhattan residential real estate remained flat in 2019, with condos showing slight gains in average pricing and a modest decline in sales volume. For the overall Manhattan residential market CityRealty analyzed, consisting of condos, co-ops, and condops south of 96th Street on the East Side and south of 110th Street on the West Side; approximately 10,400 residential units are expected to close in 2019, down from 10,531 in 2018. There was a small increase in the average price paid for an apartment in 2019, rising from $2.07 ...

NATIONAL ASSOCIATION OF REALTORS | CONFIDENCE INDEX

The REALTORS® Confidence Index (RCI) survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.1 This report presents key results about market transactions from the February 2020 survey.Market Conditions and Expectations• The REALTORS® Buyer Traffic Index registered at 72 (55 in February 2019).2• The REALTORS® Seller Traffic Index registered at 47 (43 in February 2019).• The REALTORS® Confidence Index—Six-Month Outlook Current Conditions registered at 75 for detached single-family, 62 for townhome, and 59 for condominium properties. An index above 50 indicates ...

UK HOUSE PRICE INDEX | FEBRUARY 2020

MANHATTAN RESIDENTIAL MARKET REPORT | FEBRUARY 2020

NEW YORK CITY RESIDENTIAL SALES REPORT | QUARTER 4 2019

LONDON | HOUSING MARKET REPORT | Q4 2019

FLORIDA | STATISTICAL REPORTS | FEBRUARY 2020

NEW JERSEY - MONTHLY HOUSING MARKET STATISTICS | FEBRUARY 2020

CALIFORNIA - CURRENT SALES & PRICE STATISTICS | FEBRUARY 2020

LONG ISLAND MONTHLY STATISTICS AND INDICATORS | FEBRUARY 2020

BLOOMBERG | NYC | QUARTER 4 | 2019

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ARIAL PA | NYC | A YEAR IN REVIEW | 2019

INDUSTRIAL / COMMERCIAL MARKET REPORT, 4TH QUARTER 2019 | MANHATTAN

NEW YORK CITY RESIDENTIAL SALES REPORT | QUARTER 3 2019

NEW YORK CITY RESIDENTIAL SALES REPORT | QUARTER 2 2019

NEW YORK CITY RESIDENTIAL SALES REPORT | QUARTER 1 2019

THE LOOK OUT: REAL ESTATE TECH 2018

Each year begins with a resolution—one that aims to improve or create better solutions in response to both present and future opportunities and/or challenges. In 2017, the real estate industry focused on data and tech driven ones which led to several key accomplishments, as noted by Forbes.

YOUR REAL ESTATE YEAR IN REVIEW

As the year comes to a close, we look back at 2017 which has been an exciting year for the real estate industry. With both its ups and downs as well as an upcoming tax reform plan that is highly promising to the city’s biggest developers and investors, here are some key takeaways that we can keep in mind as we move forward towards a new year filled with more opportunities.

NYC REAL ESTATE 2018: PREDICTIONS AND WHAT’S TO COME

As 2017 is coming to a close, real estate experts and analysts are making predictions of the industry for the upcoming year. In an article covered in the Real Deal Magazine, StreetEasy’s senior economist, Grant Long, has given his few cents regarding what we can expect next.

THE QUESTION OF TAX REFORM AND WHAT IT MEANS FOR NYC REAL ESTATE

Republicans have recently announced their proposals for an overhaul of the US tax system. Part of this large scale tax reform includes cutting off the ability to deduct mortgage interest and state and local taxes (SALT) from federal taxable income.

THE LOOK OUT: NYC NEIGHBORHOODS WITH THE HIGHEST PRICE GROWTHS

In a massive real estate hub like New York city, it’s expected that its abundant number of homes and properties experience continuing market value growth. But, as the New York Times revealed in a recent article, some areas of “The Big Apple” receive higher price hikes compared to others.

$3 BILLION WORTH OF CONDOS APPROVED FOR Q3

After the third quarter, Manhattan Condo developers have received approval from the New York Attorney General’s office to begin marketing 283 units. According to the Real Deal, although the number of approvals are lower compared to Q2, these properties have a combined estimated value of $3 billion—a higher amount compared to Q3 of the previous year.

MANHATTAN NEW DEVELOPMENT REPORT | 2017

Following the fallout from the economic crisis in 2008, sales of new condos were on a downward trend, and between 2012 and 2015, fewer than 1,000 units sold each year. In 2016, more than 2,000 new condo units sold, and although there was a fall-off in 2017—with 1,695 closings—CityRealty projects that roughly 1,800 and 2,000 units will close each year through 2020. CityRealty forecasts that the aggregate value of new development sales will reach an estimated $9.8 billion in 2018, $11.6 billion in 2019, and $11.9 billion in 2020. These ...

LIVING THE LUXE LIFE: THE GROWING PURSUIT OF THE REAL ESTATE DREAM

Luxury properties have always been symbols of the wealthy. From million dollar mansions to designer penthouses with the best views, to own such wealth has been the dream of most, if not all, people. The good news? According to a report by Luxury Portfolio International—a conglomerate of over 200 brokerages across the globe—the world’s population has been acquiring more wealth in the last few years. Thus, the luxury life may no longer be a mere dream, and real estate experts are expecting a spike in demand for high end properties as the world’s wealthy spends for ...

BROOKLYN MARKET REPORT 2014-2016

Central and West Brooklyn show bearish signs in the market. Sales have maintained similar levels, although there was a minor drop in performance by the end of 2016. Contracts also take much longer to close while the number of housing options in the market inventory continues pile up. In order to address these issues, sellers and property owners have made yearly price cuts in order to renew demand in the market that appears to be softening. Based on these factors, prospective sellers may consider holding onto their properties until the current inventory is absorbed and buyer demand is able to ...

LONG ISLAND CITY MARKET REPORT 2014-2016

A five-year glance between 2012 to 2016 for Long Island City’s real estate market shows a number of trends across different metrics. Sales prices receive gains on a yearly basis for both cooperatives and condominiums. As of 2016, prices may have reached their peak as their growth rates are significantly smaller compared to previous years. As prices continued on an upward trend, sales saw a decline for four consecutive years until 2016 when the performance achieved a moderate boost...

NEW JERSEY MARKET REPORT 2014- 2016

Jersey City’s real estate market proceeds to grow with more activity, spanning from 2014 to 2016. With higher demand boosting sales each year, prices are driven up by sellers of both cooperatives and condominiums in the market. They are especially motivated as home buyers choose to move to homes that are more affordable than New York homes, but are still close to Manhattan where many of these buyers commute to work. This is also true for businesses that plan to relocate their offices as Jersey City increases its commercialization efforts while providing less expensive office space. While sales performance ...

MANHATTAN MARKET REPORT 2014-2016

A glance at Downtown Manhattan’s market in the last three years reveals increasing costs and shifts in sales activity. Following its sales drop in 2015, Downtown Manhattan appears to be recovering by nearly 9% by the end of 2016, revealing newly regained levels of market demand. This occurs as the inventory volume grows each year to include a higher variety of housing options for buyers to choose from. The time duration for real estate transactions has been fluctuating, although it has typically remained the same. Overall, current data reveals an active market driven by levels of demand from buyers ...

BIGGEST UPCOMING DEVELOPMENTS IN MANHATTAN (FALL 2017)

Fall into the new season with the latest real estate developments to hit the City. From a converted church rectory in the Upper East Side to grand scale building plans in Hudson Yards, these are some of the biggest projects that you can expect to hear more about starting this season.

THE END OF PAID LISTINGS: REBNY – NYT PARTNERSHIP OPENS UP FREE LISTING SERVICE FOR BROKERS

Major breaking news: starting early next month, posting your residential listing can be done with no extra cost. The Real Estate Board of New York promised this after announcing its newest partnership with the New York Times. Through this unique collaboration, the Times will feature residential listings from all five boroughs in its official website with the entries provided by the Residential Listing Service—a feature that REBNY launched a month ago.

MOST EXPENSIVE RENTAL MARKETS (AUGUST 2017)

Renters, be on the look out. September marks the start of the third quarter, and if historical trends are to be believed, this is the point when transactions begin to climb, especially if the summer months happened to be particularly slow. How high should buyers expect initial asking rents to be? A recent report released by Zumper listed down the top most expensive rental markets to date.

BROOKLYN PRICE RECORDS REACH NEW HEIGHTS WITH $16.645 MILLION PENTHOUSE

Brooklyn’s latest release—a 6,218 square foot, six bedroom penthouse at Standish, 171 Columbia Heights. If sold at its whopping price of $16.645 million, it would be bound to surpass the $15.5 million price record set by a townhouse at 177 Pacific Street in Cobble Hill. Before these record breakers entered the market, a triplex penthouse at the Clock Tower in Dumbo was sold for $15 million and a Kushner Companies’ townhouse (27 Monroe Place) closed at $12.9 million.

THE CRACK DOWN: DOCUMENT BY CHINESE REGULATORS SEEK TO LIMIT REAL ESTATE FOREIGN INVESTMENT

A crack down has officially begun last Friday, following a most recent economic policy decision from the Chinese government. In a singular and powerful move, Chinese regulators released a document that seeks to limit foreign investments in many sectors from hotels to entertainment. Overseas acquisitions in real estate are part of these regulations. The new policy is expected to deal a huge blow to New York real estate where—according to Bloomberg—30% of this year’s contracts were signed by Chinese investors.

NYC LUXURY: CONTINUING PRICE CUTS LEAD TO NEW MID-SUMMER DEALS

1020 Fifth Avenue—where a fabulous five bedroom co-op unit (with its own eat-in kitchen, four fire places and a spacious 40 feet living room) is located. After its 2015 introduction into the market at $20 million, this luxury property finally went under contract last week for $18 million. The previous week was also when Penthouse 1 at 120 West 72nd Street—with its three bedrooms, three and a half bathrooms, five landscaped terraces and a working fireplace—went under contract at around $10.5 million.

RECENT COMMERCIAL REAL ESTATE TRANSACTIONS (JULY 2017)

July makes way for the beginning of August, and 2017 has officially made it past the middle of the summer season. Meanwhile, real estate investments and activities are heating up, especially as economic factors have been driven up to peak levels. For the month of July, here are a number of Manhattan and Brooklyn based transactions in commercial real estate that made the industry news, as featured in the New York Times:

REBNY: BROOKLYN AND QUEENS DOMINATE RESIDENTIAL SALES, Q2 2017

Half the year has gone by, but the demand for new homes coupled with strengthening economic gains continues to fuel real estate activity in New York City. This leads to additional transactions for this year with Brooklyn and Queens dominating the residential sales market for the second quarter of 2017, according to the Real Estate Board of New York’s latest report.

REACHING NEW HEIGHTS: NYC CONSTRUCTION INDUSTRY HITTING RECORD HIGH SPENDING

Construction has reached a new record in spending, according to a recently released report by the New York Building Congress. Total expenditures for 2016 is an estimated $42.4 billion—a historical first for the city as spending has officially crossed the $40 billion threshold. As a result, the construction industry has generated $66.3 billion by the end of 2016.

ABOARD THE SECOND AVENUE SUBWAY: WHAT’S NEXT FOR THE UPPER EAST SIDE?

Six months ago, an extended Q line was built in the Upper East Side as a means of convenient transportation to the rest of the city. This grand scheme was followed by a number of changes in the neighborhood, and these are noticed by both residents and developers.

LUXURY AT A DISCOUNT: FALLING RENTAL PRICES AMIDST WEAKER DEMAND

A few years after the 2008 recession, property developers started selling “ultra-luxury” apartments when they saw the growing wealth of their consumers as well as their demand for prime real estate. This led to a boom in the real estate luxury market—a time when buyers would willingly pay millions for high-end properties that get sold shortly after being listed.

RECENT COMMERCIAL REAL ESTATE TRANSACTIONS (MAY 2017)

In Yorkville, a private investor from Kiaton L.L.C. bought an 8,050 square foot, five story walkup. The property, previously owned by Simon Sellman, is a mixed use property with 13 apartment studios, 1 one-bedroom unit and a laundromat that occupies 1,500 square feet of retail space at the ground level. The transaction was brokered by Capital Property Partner and Eric Goodman Realty with a closing price of $8,000,000.

U.S. HOME PRICES BOOST AS SUPPLY TIGHTENS

With U.S. housing inventory levels 9% lower than April of last year, sales performance continues to fall due to shortages in available housing market options. Reasons include increasing construction costs and labor shortages. These trends, when combined with a growing housing demand, effectively translates to higher market prices.

TOP 5 BIGGEST NYC REAL ESTATE LOANS (EARLY 2017)

Fetner Properties was given $183 million worth of bonds for the refinancing of 501 West 41st Street. Out of that amount, $139 million comes from the proceeds of tax-exempt bonds issued in December 2016 by the New York Housing Finance Agency.

REBNY: NYC CONDO PRICES REACH RECORD HIGH PRICES IN Q1 2017

Despite falling prices for cooperative units, real estate properties in Manhattan, Brooklyn and Queens have reached record high prices, according to the Real Estate Board of New York’s first quarter 2017 report.

THE LENDER’S DILEMMA: LENDING DECLINE IN NYC REAL ESTATE

With dropping sales and current issues in the multifamily sector, lenders have pumped less money to real estate projects in 2016, according to CrediFi, a commercial real estate data startup. Based on their data, it was found that commercial real estate lending in New York fell down by 17% year over year.

NEST SEEKERS HAMPTONS MARKET REPORT 2014-2017 STUDY & TRENDS

A three year analysis of the Hamptons shows consistent increases in the average sales price, with 2016 ending with a 3.3% mark up. The addition of more luxury properties in the market this year may contribute to these increasing values. On the other hand, the median sales price dropped by 2.5% as of the current date, which shows that most sellers may have lowered the costs of their homes to attract potential buyers. Despite these efforts, the number of sales performance in the Hamptons continues to fall, with the sales starting to plateau in 2015 before sinking by ...

A YEAR IN REVIEW: NYC REAL ESTATE’S BIGGEST STORIES OF 2016

From new high luxury developments to a real estate mogul for president, 2016 has been a very eventful for real estate. With present signs of economic recovery and a more stable market, people are already looking forward to what’s in store for 2017. But, before that, we end the year by looking back at some of 2016’s biggest highlights which have gathered the attention of players within the industry.

A NEW YEAR, A NEW BEGINNING: 8 REAL ESTATE TRENDS TO EXPECT FOR 2017

The end of the year opens up new beginnings, including the search for a new home. 2016 has seen numerous factors that shaped the current state of the U.S. housing market, and as we celebrate the year’s end, industry experts are already forecasting real estate performance next year. Based on their findings, here are some major trends to expect.

RECENT TRANSACTIONS: DECEMBER 2016

Some people have fancy clothes or expensive gadgets in their Christmas list. Others want buildings and properties. With the end of the year fast approaching, here are some transactions that were carried out this month as part of the holiday shopping rush...

UNDER THE CHOPPING BLOCK? TRUMP’S PLANS FOR MORTGAGE INTEREST DEDUCTIONS

With the start of the new Trump administration quickly approaching, everyone is anticipating the policy changes that the upcoming president has in store. For home owners, they can expect a “big tax cut for the middle class” in the form of mortgage interest deduction caps. “We’ll cap mortgage interest, but we’ll allow some deductibility,” said Steve Mnuchin who is currently in consideration as Trump’s Treasury Secretary, "Any reductions we have in upper income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class."

A GLIMPSE OF THE FUTURE: THE LATEST TRENDS IN REAL ESTATE TECHNOLOGY

Swipe right? Swipe left? Like or dislike? Save or ignore? These days, anything can be decided with the tap of a finger on a mobile screen—including a potential new home. With a recovering economy and the vast potential of technology to solve the ever-growing need for properties, there has been a boom in the real estate tech industry. As of 2015, $1.5 billion has been pooled towards real estate tech ventures. That’s 350% higher compared to 2010, and these ventures—many of them being startups—have been developing tools that aim to innovate the home search process ...

LIVING IN A SMALLER, CONNECTED WORLD: THE EFFECTS OF GLOBALIZATION ON REAL ESTATE

From increased business opportunities to advancing technologies, the word “globalization” often pops up in various contexts and is reflected in different ways. Over the years, economic self-sufficiency became more obsolete as people saw a major shift in demographics, different trade policies between economic regions, and more efficient ways to connect to other parts of the world. Economies are now linked between each other, producing a continuing flow of goods, services, investments, people and information. The world we live in is a truly globalized one where diversity produces labor opportunities and concepts such as global GDP which plays a heavy factor ...

MAKING REAL ESTATE GREAT AGAIN: PREDICTING REAL ESTATE UNDER THE TRUMP ADMINISTRATION

This week saw the end of a very historic election in America with the rise of Donald Trump as the 45th president of the United States. During his campaign, he has talked about trade, immigration, unemployment and homeland security. Yet, despite his strong background in real estate, he spoke little about this, and his electoral victory comes with mixed reactions. As Ralph McLaughlin, chief economist of Trulia, pointed out, home buyers from blue states will hesitate to make large investments due to their feelings of economic uncertainty. On the other hand, those from the red states—primary supporters of Trump ...

TROUBLE INFLATING IN THE EAST: THE CHINESE REAL ESTATE BUBBLE

No one can forget the 2008 Financial Crisis—a recession that shook the global economy as a result of a high default rate in subprime mortgage backed securities. Also known as the worst financial crisis since the Great Depression, this was a time of high unemployment, GDP losses, dried up business investments and major cutbacks in spending. Almost a decade has passed since then, and while the U.S. is still in the process of economic recovery, analysts are anticipating a potential repeat of history stemming from another powerful player—China.

U.S. ELECTIONS ON NATIONAL REAL ESTATE

“Who will you vote for?” Discussions and predictions revolve around this recurring question which only the historical decision next week can answer. Whether America will see a presidency led by Clinton or Trump, no one can deny the amount of political and economic uncertainty towards the future. While both candidates have touched on issues such as immigration, healthcare, and employment, voters have been left in the dark with regards to other specific issues. Real estate would be one of them, and this is concerning to both buyers and sellers who are interested in knowing about the future housing policies that ...

“WAIT NOW, INVEST LATER”: HOW UNCERTAINTY MARKS THE POST-BREXIT ERA

“Wait now, invest later,” investors are saying towards London’s softening real estate market. No one knows the long-term effects of the Brexit on the economy, and the British government is still in the process of drafting trade policies that can preserve the UK’s trading rights across the Eurozone. These factors gave investors reason to withdraw their funds, which led to a shut down in property trades and the freezing of assets worth £18 billion.

THE DEUTSCHE BANK CRISIS, AT A GLANCE

Recently, the U.S. Department of Justice slapped a $14 billion fine to Deutsche Bank due to sales malpractice that eventually paved the way to the 2008 financial crisis. The bank claimed that it does not intend to settle the fine anywhere near that amount. Negotiations, however, are still ongoing, and as of this date, the bank expects U.S. authorities to eventually lower the initial demand. But, to add salt to injury, the German financial giant also lost its position in the list of New York’s most active commercial real estate lenders for this quarter. How did this ...

MAN VERSUS NATURE: HOW SAFE IS YOUR HOME FROM NATURAL DISASTERS?

Matthew—yet another name added to the list of hurricanes that have battered the U.S. and left massive destruction in their wakes. These calamities come with expensive property costs, and as of this date, Forbes estimates that the economic damage that Matthew leaves behind will range from $4 to 6 billion. It is a high price, although not record breaking when compared to Katrina ($108 billion) and Sandy ($71.4 billion).

NEW YORK CITY RESIDENTIAL SALES REPORT- 2ND QUARTER 2016

The New York City residential sales market started to face some resistance in the second quarter of 2016. While the average sales price of all homes in the city increased – reaching a new, all-time high since the Real Estate Board of New York (REBNY) began tracking home sales data in 2006 – and average sales prices for a home in each of the five boroughs rose year-over-year, sales volume started to weaken. The Bronx and Staten Island were the only boroughs to record increases in sales volume this quarter when compared to last year.

NEW YORK CITY RESIDENTIAL SALES REPORT- 1ST QUARTER 2016

The Manhattan and Brooklyn sales markets emerged from the slower winter months slightly more expensive than last year, according to the most recent market data by StreetEasy. While inventory grew slightly in Manhattan, it continued to fall in Brooklyn, allowing prices to grow at a considerably faster pace there than in Manhattan. As affordability looms heavy over New York households, relatively lower-priced homes in East Brooklyn and Upper Manhattan led the two boroughs in annual price growth in the first quarter; a strong sign that a growing number of buyers are seeking value in these areas of the city.

NEW YORK CITY RESIDENTIAL SALES REPORT- 4TH QUARTER 2015

The real estate markets in Manhattan and Brooklyn closed the final quarter of 2015 with record-high prices as sales inventory continued to slide in Manhattan and competition among renters intensified in both boroughs. The median resale price of homes in Manhattan grew 7.1 percent from last year to $1,002,008, according to the StreetEasy Price Index, marking the first time it has ever exceeded $1 million. The highest growth was in Upper Manhattan, where the median resale price grew 14.6 percent from last year to $641,882, followed by Upper East Side (9.1 percent), Upper West ...

NEW JERSEY RESIDENTIAL SALES REPORT- 4TH QUARTER 2015

In 2015, national residential real estate, by and large, had a good year. Supply and demand were healthy in an environment rife with low interest rates and improved employment. The Federal Reserve finally increased short-term rates in December, and more increases are expected in 2016. Housing markets have shown a willingness to accept this. Save for a few expensive outliers where low inventory and high prices have become the norm, a balanced market is anticipated for much of the country for the foreseeable future. Improved inventory and affordability remain key factors for continued optimism.

NEW JERSEY RESIDENTIAL SALES REPORT- 3RD QUARTER 2015

The third quarter of 2015 has ticked its last tock with the hands pointing firmly upon a reliable clock of a market. Although noon and 6:30 fluctuations are present even within the same states and cities, the overall tempo of real estate potential is experiencing a healthy number of good omens. The job market has shown continual improvement, jobless rates are down, real average hourly and weekly earnings have been up and there has been good news in new household formation.

NEW YORK CITY RESIDENTIAL SALES REPORT-3RD QUARTER 2015

According to StreetEasy’s Manhattan Price Index, median resale prices of all homes in Manhattan was $983,207 in July, a 6.3 percent increase compared to the same time last year. Although this was a new record high in Manhattan, annual growth has slowed for 18 consecutive months. The Manhattan Price Index, which tracks median resale prices of all homes in Manhattan and within each of the borough’s five major submarkets, remained the highest in the Downtown submarket in July at $1.2 million, followed by Upper West Side ($1.1 million), Upper East Side ($958,089), Midtown ...

MANHATTAN RESIDENTIAL SALES REPORT-2ND QUARTER 2015

Manhattan home prices reached a record-high of $936,683 in June, according to StreetEasy’s Manhattan Price Index (MPI). However, price growth across the borough has slowed for 17 consecutive months and prices grew at a rate of 5.8 percent, down from a 7.7 percent rate in 2014. The key market force driving high prices in Manhattan is constrained inventory. Although the number of for-sale listings available throughout the quarter rose by 14.1 percent from the previous quarter, inventory was just 0.1 percent above last year’s total. The lack of significant inventory growth was due ...

NEW JERSEY RESIDENTIAL SALES REPORT- 2ND QUARTER 2015

The window closes on a cool summer night to end the 2nd quarter of 2015. Market analysis with compounded quarterly information becomes the evening’s read by low light in the comfort of home. Markets across the country and state continue to improve at rates not seen in years. Even if the increases in closed sales, median price and inventory are not across the board for all local markets, there is enough good news in one or more categories to consider this a successful first half.

MANHATTAN RESIDENTIAL SALES REPORT-1ST QUARTER 2015

The Manhattan condo market saw healthy price growth last month as stubbornly low inventory kept prices at record highs. The number of condos available for sale in January was only slightly more than last year, growing 3.7 percent to 3,880 units. Condo inventory has been stuck at near record low levels for much of the last two years, with January’s total 18.2 percent lower than Manhattan’s 5-year historical average. As a result of constricted supply, condo prices continued to climb in January albeit at a slightly lower rate. Prices grew by 8.8 percent from ...

NEW JERSEY RESIDENTIAL SALES REPORT- 1ST QUARTER 2015

All expectations in 2015 are for a healthy and energetic selling season. National stories have been highlighting an increase in new construction sales and pending sales, but national stories are not always readily applied to the local scene. All the same, if ever there was a year to list or purchase a home, wider economic factors seem to indicate that this is the one.

MANHATTAN RESIDENTIAL SALES REPORT-4TH QUARTER 2014

Q4 2014 Manhattan Market Report: Record-breaking Manhattan Prices in Q4 Give Way to Slow-down in 2015. Manhattan condo prices rose to their highest level on record in the final quarter of 2014, ending a year in which inventory failed to rebound from a five and a half year slide from the market’s 2009 peak. The median sale price across all property types jumped to $942,000, a 6.4 percent jump from the previous quarter and nearly 11 percent above last year’s level.

MANHATTAN RESIDENTIAL SALES REPORT-3RD QUARTER 2014

The Manhattan real estate market settled into a stable growth mode in the third quarter of this year, with the median sale price rising less than one percentage point since last quarter and 4.1 percent from last year. However, the third quarter failed to add inventory to lift the market out of its persistent supply slump. The number of homes listed for sale in Manhattan during the third quarter fell 6.0 percent from the second quarter in the spring season. Available homes for sale remain in historically short supply, with inventory 1.2 percent below last year’s ...

MANHATTAN RESIDENTIAL SALES REPORT-2ND QUARTER 2014

Prices remain high amidst constrained inventory, but price appreciation slows in Q2. Manhattan home prices remained well above last year’s level during the second quarter of 2014 as this year’s spring trading season failed to reverse a year-long trend of dwindling inventory. Although the number of listings increased 10.5 percent over the quarter, total inventory remained nearly 8 percent below last competition between buyers.

MANHATTAN RESIDENTIAL SALES REPORT - 1ST QUARTER 2014

Median Recorded Sale Price increased by 16.9% since last year and by 6.5% since last quarter. Total Inventory decreased by 13.0% since last year and by 1.0% since last quarter. Contract Activity decreased by 15.2% since last year and by 9.3% since last quarter. Time on Market decreased by 35.2% to 89 days, compared to 137 days last year. Condo Market Index for February 2014 increased by 2.6% since January and by 16.3% since February 2013. The index is currently at its all-time high.

MANHATTAN RESIDENTIAL SALES REPORT - 4TH QUARTER 2013

Manhattan Condo Market Index for November 2013 increased by 1.0% since October and by 12.0% since November 2012. The index is currently at its all-time high. Total Inventory decreased by 8.9% since Q3 2013 and by 8.7% since Q4 2012. Signed contracts decreased by 5.5% since Q3 2013, but increased by 10.4% since Q4 2012. Time on market decreased by 31.3% to 92 days, compared to 134 days from Q4 2012.

MANHATTAN RESIDENTIAL SALES REPORT - 3RD QUARTER 2013

Manhattan Condo Market Index for August 2013 increased by 1.2% since the previous month and by 9.9% since the prior year. Inventory decreased by 12.8% both from a year ago and since last quarter. Signed contracts increased by 10.0% from the prior year but decreased by 30.6% from the prior quarter. Price cuts decreased by 29.3% from last year and by 15.3% from last quarter. There were 8.4% more price increases than a year ago but 15.1% fewer than last quarter. Time on market decreased by 27.8% to just 95 ...

MANHATTAN RESIDENTIAL SALES REPORT - 2ND QUARTER 2013

Manhattan Condo Market Index for May 2013 rose by 1.9% since the previous month and by 9.1% since the prior year. Currently, the market is 3.9% below the 2008 peak. Median closing prices for the Manhattan overall market declined by 1.2% compared to year ago. Condo resale price rose 1.3% from the prior year while co-op median price decreased by 2.2%. New development median price increased by 51.0%. Volume of closings increased 12.1% from last year and jumped by 45.8% from last quarter. Inventory is still 11.4% down from a ...

MANHATTAN RESIDENTIAL SALES REPORT - 1ST QUARTER 2013

Manhattan Condo Market Index for February 2013 rose by 0.2% since the previous month and by 4.8% since the prior year. Median closing prices for the Manhattan overall market declined by 2.5% compared to year ago. Condo resale price rose 3.8%from the prior year while co-op median price decreased by 5.6%. New development median price increased by 27.9%. Volume of closings increased 7.3% from last year but dropped by 22.9% from last quarter. Inventory is still 16.9% down from a year ago but since last quarter, inventory levels inched up ...

REBNY MARKET REPORT FEBRUARY 2012

REBNY MARKET REPORT JANUARY 2012

NYC RESIDENTIAL FOURTH QUARTER 2011

The economic and financial unease over the past several months have appeared to make their impact on the NYC residential sales market in the 4th quarter of 2011, as average sales price and transactions have declined. Sales of all homes in New York City were down 12 percent from the fourth quarter of 2010 and the average price of a home decreased 6 percent from the fourth quar- ter of last year. The share of Manhattan apart- ment sales of $5 million and over to total Manhattan apartment sales were down 18 per- cent year over year.

REBNY MARKET REPORT OCTOBER 2011

NYC RESIDENTIAL THIRD QUARTER 2011

Despite the continued national economic weakness, tumultuous credit and equity markets, and the disarray in Euro economies, the New York City residential sales market stood firm. Total NYC residential sales consideration was up 8.41 percent from the second quarter to $8.04B. Compared to last year, residential consideration was down 3.89 percent. This was mainly due to the first time home buyer tax credit closing dead- line being extended into the third quarter of 2010. Due to that extension many sales that were being rushed to close in the second quarter closed in the third quarter, raising the ...

REBNY MARKET REPORT JULY 2011

REBNY MARKET REPORT APRIL 2011

NYC RESIDENTIAL SECOND QUARTER 2011

The New York City residential sales market continued to post mixed results in the second quarter of 2011. The average sales price of a home in New York City increased 2 percent and the number of home sales increased 10 percent compared to the first quarter of 2011. This trend reflects the traditional seasonal variation in the residential sales market.

REBNY MARKET REPORT JANUARY 2011

NYC RESIDENTIAL FIRST QUARTER 2011

The New York City residential sales market moved sideways in the in the first quarter of 2011 with the average price of a home declining by 1 percent while the number of transactions increased by 2 percent compared to the fourth quarter of 2010. The lack of clear direction was also demonstrated by a 1 percent increase in the total dollar consideration for all residential trans- actions.

NYC RESIDENTIAL THIRD QUARTER 2010

The New York City residential sales market remained on steady footing during third quarter of 2010 overcoming the obstacles of the expiration of the first time homebuyer’s tax credit and loss of momentum in the overall economic recovery. The total consideration for residential property was $8.36 billion up 10.75 percent quarterly and 26.2 percent when compared to the third quarter of 2009, the first quarter in the NYC residential mar- ket recovery. Manhattan residential considera- tion during the third quarter of 2010 constituted 57.51 percent of the total market compared to 53.72 percent in ...

NYC RESIDENTIAL FOURTH QUARTER 2010

The New York City residential sales market in the fourth quarter of 2010 saw a continuing and sustainable rise in the average sales price and a sharp decline in the number of transactions. Average sales price increases over the last year have been driven by record low mortgage rates, the federal home buyer tax credit, a significant slowdown in the supply of new housing, and modest job growth in New York. The decline in transactions was the result of the end of the homebuyer tax credit along with the extension of the closing deadline that inflated sales in the third ...

REBNY MARKET REPORT OCTOBER 2010

REBNY MARKET REPORT JULY 2010

NYC RESIDENTIAL SECOND QUARTER 2010

The New York City residential sales market in the second quarter of 2010 continued showing the characteristics of a healthy market and contin- ued the trend that emerged during the previous two quarters. The total consideration for residen- tial property was $7.5B, up 4.8% quarterly and 72.8% when compared to the frozen market of the second quarter in 2009. Manhattan residential consideration during the second quarter of 2010 constituted 59.1% of the total market compared to 48.8 percent in the second quarter of 2009. Sales volume for apartments, when compared to the first quarter of ...

REBNY MARKET REPORT APRIL 2010

NYC RESIDENTIAL FIRST QUARTER 2010

The total dollar value of New York City resi- dential sales was $7.2B in the first quarter of 2010, up over 63 percent compared to the first quarter of last year. Manhattan sales represented about 56 percent of this total value. Brooklyn and Queens each accounted for 17 percent of the total dollar value of sales, while Staten Island rep- resented 7 percent and the Bronx 3 percent. However, this New York City total dollar value was a 9 percent drop from the $7.9B figure for the total value of sales last quarter.

REBNY MARKET REPORT JANUARY 2010

REBNY MARKET REPORT OCTOBER 2009

NYC RESIDENTIAL FOURTH QUARTER 2009

The New York City residential sales market in 4q09 continued to show signs of recovery as the positive indicators of the last quarter— increasing transactions and a slowdown in price declines--continued into the final quarter of the year. Sales volumes increased once again, both quarterly (20 percent) and year to year (17 per- cent). Citywide average home sales prices inched up one percent, quarter to quarter and year to year. In many areas of the market, we are seeing modest quarter to quarter increases, with some of these gains bolstered by a flurry of closings in new condominium buildings.

REBNY MARKET REPORT JULY 2009

NYC RESIDENTIAL THIRD QUARTER 2009

The residential real estate market in New York City came back to life in the third quarter of 2009. Sales prices and transaction volume reversed the trend of falling quarter on quarter figures in many markets. These quarter to quar- ter market improvements were due to factors other than the typical summer boost in activity. These improved market indicators are repre- sented in much of the borough-wide data, and equally apparent when analyzing the neighbor- hoods by property class. Nevertheless, it should be stated that the recovery in the resi- dential real estate market in New York City is fragile ...

REBNY REPORT MAY 09

Average sales prices of a home in New York City (which includes cooperatives, condominiums and one-to-three family dwellings) declined 23 percent to $660,000 in the first quarter of 2009 compared to the same time last year, according to the REBNY New York City Residential Sales Report released in April. Despite the overall decline, the report found that certain segments of the market showed signs of life: Queens condominiums saw a 21 percent jump to an average price of $486,000 and in Brooklyn, Greenpoint condominium prices increased 7% to $543,000. In Manhattan, TriBeCa condominium prices surged 57 percent ...

REBNY MARKET REPORT APRIL 2009

NYC RESIDENTIAL SECOND QUARTER 2009

Homes (includes all condominium, coopera- tive units and 1-3 family dwellings) ␣ The average sales price of a home in New York City during the second quarter of 2009 was $644,000, a 22% drop compared to the average price during the second quar- ter of 2008. The year on year change in the average price of a home in Manhattan was down 19% to $1,297,000; in Queens prices fell 13% to $403,000; in Brooklyn prices fell 12% to $503,000. Apartments (includes all condominium and cooperative units) ␣ The average sales price of an apartment in New York ...

REBNY MARKET REPORT JANUARY 2009

NYC RESIDENTIAL FIRST QUARTER 2009

Homes (includes all condominium, coopera- tive units and 1-3 family dwellings) ␣ The average sales price of a home in New York City during the first quarter of 2009 was $660,000, a 23% drop compared to the average price during the first quarter of 2008. The individual borough's average home price declines though were not as steep as the city wide number. ␣ The average price in Brooklyn was down 10% to $521,000. In Queens the average price dropped 8% year on year to $422,000. The year on year change on the average price of a home in ...

NYC RESIDENTIAL FOURTH QUARTER 2008

Homes (includes all condominium, coopera- tive units and 1-3 family dwellings) ␣ The average sale price of a home in New York City during the fourth quarter of 2008 was $669,000, a 10% decline from a year earlier. This decline continues a downward trend in all home prices since the beginning of the year. However, to provide another perspective, the fourth quarter 2008 price is still above the average price in the fourth quarter of 2006 and almost 17% higher than the average price in the first quarter of 2006 ␣ Manhattan was the only borough to post an increase in ...

THIRD QUARTER 2008

The average sale price of a home in New York City was $783,000 in the third quarter of 2008, slightly higher than a year earlier ($782,000). However, since the first quarter 2008 the average sale price has been declining, due in part to the reduction in the number of condominium sales whose average sale price is higher than all the property types that comprise the Home category as well as the decline in the sale price city-wide of 1-3 family dwellings. The Manhattan average sale price of a home was $1,492,000 in the third quarter of ...

SECOND QUARTER 2008

New York City's average sale price for a home (apartments and one to three family homes) rose 12% to $824,000 in the second quarter of 2008, compared to a year ago. This increase is attributable primarily to the continuing price increases for Manhattan apartments.

FIRST QUARTER 2008

The average sales price of a home in New York City reached $853,000 during the first quarter of 2008. This was an increase of 28% over the average price of a home in the first quarter of last year.

NYC RESIDENTIAL 2007

The average sales price of a home in New York City reached $732,000 during 2007. This was an increase of 15% over the average price of a home in 2006.

YOUR REAL ESTATE YEAR IN REVIEW

As the year comes to a close, we look back at 2017 which has been an exciting year for the real estate industry. With both its ups and downs as well as an upcoming tax reform plan that is highly promising to the city’s biggest developers and investors, here are some key takeaways that we can keep in mind as we move forward towards a new year filled with more opportunities.