MANHATTAN PROPERTY TIME ON MARKET RISES AND ASKING PRICES DROP?

In this week’s report¬†on the Manhattan $4m+ property market, Donna Olshan made two observations that should concern all of us in the Real Estate industry: 1.”The average number of days on the market was 398 compared to 283 for the same week in 2015.” Most of the contracts signed this past week were re-sales, unlike… [Read More]

DOES HONG KONG MAKE NEW YORK SEEM CHEAP?

Posted by Leonard Steinberg of URBAN COMPASS on July 23rd, 2014 Pricing in Hong Kong remains high, with some penthouse apartments selling for over $ 14,000/sf. ¬†Buyers from Hong Kong should look at the pricing of the mega-towers of the 57th Street corridor and consider them relatively good buys…..but are there enough Hong Kong buyers… [Read More]

INFORMATION WITHOUT INSIGHT – MANHATTAN PRICING DROP?

Posted by Leonard Steinberg on May 30th, 2014 Todays screeching headlines generated by a report from STREETEASY that Manhattan condominium prices registered their biggest monthly decrease in almost four years last month is further proof that information without insight is useless. According to the Streeteasy report, the median condo price fell 1.4% in April to… [Read More]

IS SELLER PRICING AMBITION OUT-PACING BUYER TOLERANCE?

Posted be Leonard Steinberg on April 16th, 2014 The Wall Street Journal reports this morning that the expected SPRING RUSH has not happened quite as planned throughout the US Housing market, although the Manhattan market has been rather strong, and one reason may be that asking prices have been escalating to the point where they… [Read More]

EASTER SURPRISE! OR WAS IT EXPECTED?

In this month’s LUXURYLETTER, (www.luxuryletter.com) it was reported that Manhattan’s real estate pricing and activity picked up notably over the same period last year. Because LUXURYLETTER addresses the luxury market over $ 1 million, the figures are somewhat different to what is being widely reported…. The other reports that came out from the major real… [Read More]