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| Manhattan's real estate market is sending mixed signals as summer approaches. While inventory is slowly decreasing by 2%, suggesting a potential tightening market, overall activity is subdued. The number of new listings and contracts signed has dipped compared to recent weeks, possibly due to the upcoming July 4th holiday or a cautious wait-and-see approach from both buyers and sellers. Interestingly, the historically low contracts signed for June could indicate a buyer's market, presenting an opportunity for those looking to purchase. |
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| | Manhattan Real Estate Buyers: Your Window Of Opportunity Opens This Summer |
| Manhattan's summer real estate market is surprisingly buyer-friendly this year. Lower inventory and frustrated sellers stuck with unsold listings create a chance to snag a good deal. Focus on properties that lingered on the market and be prepared to negotiate – this buying window might shut once the market revives. |
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| | Manhattan is now a ‘buyer's market' as real estate prices fall and inventory rises |
| Manhattan's apartment market is shifting into a buyer's market. Prices are down due to more inventory and longer selling times. The gap between buyer and seller expectations is narrowing, leading to more deals. High rents are also pushing some renters to buy, hoping for a future interest rate drop. This buyer-friendly situation might change after the elections. |
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| | Manhattan co-op and condo deals increase for the first time in two years |
| Manhattan's co-op and condo market is showing signs of life. Mortgage-using buyers are re-entering the market at a faster pace than all-cash buyers for the first time in two years. This sales surge, along with an increase in listings, suggests a stabilizing market. While competition might pick up when interest rates drop, some experts predict a summer slowdown with potential buying opportunities due to less competition. |
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| | Celebrate the 4th of July |
| From the Macy's 4th of July Fireworks show to parties on NYC's rooftop bars and cruising around on boat tours, we've got you covered on how to spend the perfect summer holiday with friends and family. Click HERE for more information! |
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| | | | "Colors in Bloom" at the Color Factory |
| Every year, Bastille Day is celebrated across the city by New Yorkers on July 14th. From outdoor parties, feasting on baquettes, cheese and flowing wine, and a range of live performances, the city becomes alive to celebate the historic storming of the Bastille. Click HERE for more information! |
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| | Common Seller and Buyer Mistakes and How to Avoid Them |
| Real estate decisions can be tough. Friends' advice might be outdated or irrelevant. Hiring a skilled real estate agent is key. They know the local market and can prevent costly mistakes, guiding you through the entire buying or selling process. |
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| | 6 BD 9 BA 8560 SF $19,950,000 |
| | The ONLY Elevator, Renovated 20-foot-wide townhouse next to Central Park!
Welcome to 42 West 71st Street, an exquisitely renovated five-story single-family mansion located on one of the premier blocks near Central Park on the Upper West Side. Filled with natural light and surrounded by townhouses, this grand 20’ wide home features impressive high ceilings on every floor, offering over 8,560 square feet of magnificent interior living space, plus an additional 1,700 square feet of outdoor space including a south garden, terrace, and roof deck. |
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| | 0 BD 1 BA 556 SF $985,000 |
| | 25-YEAR TAX ABATEMENTS. ESTIMATED ANNUAL SAVINGS FOR RESIDENCE 29G: $10,000.
South-Facing with panoramic view of Brooklyn, this pristine residence nestled in the prestigious Brooklyn Point. Features of this 556 sq. ft. home include beautiful wide plank-stained oak floors, floor-to-ceiling windows, an in-home washer/dryer, a huge walk-in closet, and a harmonious light wood color palette with satin copper fixtures and finishes designed to accentuate space and natural light. |
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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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