House of Red Bricks

By wisdom a house is built, and through understanding it is established

Summer Trip in Bavaria

Following Rick Steves’ itinerary to visit Bavaria. Do I need 2 or 3 days for this region?

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March Manhattan Residential RE Market Snapshot: A Song of Ice & Fire

Only three months into 2015, Manhattan is already ringing the cymbals in two polar aspects.

In January and February, the city saw one of the most brutal winters in 20 years. The first major winter storm warning in January turned out to be a dud, but the snow was persistent and just kept coming back.

On a separate front, in the past six months ending in February, the closings are coming and are expected to continue. For past readers of my blog, you have seen most active buildings concentrate in Harlem and downtown financial district. In this month’s snapshot, we can see that buildings are closing in every single neighborhood like wildfire across a plain.

The top three buildings with most recorded closes are:

  1. One Morningside, Morningside Height, 321 West 110th St (45)
  2. Huys, NoMad, 404 Park Avenue South (45)
  3. 325 Lexington, Midtown East (41)

Honorable mentions:

  • 456 West 167th St – Edgecombe Parc in Washington Heights
  • 101 Leonard in Tribecca
  • Baccarat Hotel & Residences in Midtown East

For more analysis about median prices by zip code, neighborhoods, pricing distribution data for condominiums. Please let me know and I would be happy to share by phone.

Most popular buildings 最受歡迎的大樓

Most popular buildings
最受歡迎的大樓

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Real Estate in Manhattan Set New Records in 2014 (NYT)

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  • Last year in 2014, many sales indicators exceeded that of the 2008.
    • Higher average sales price at about $1.7 million in 2014 vs. $1.5 million in 2008
    • Slightly higher average dollar per square foot at about $1,297 in 2014 vs. $1,251 in 2008
    • Lower median sales price at about $940,000 in 2014 vs. $955,000 in 2008
    • Average days on market is about 46 days vs. 64 days in 2008
  • Inventory is expected to increase in 2015 but only for the higher priced units.
  • New construction activities tend to generate more buzz in respective neighborhoods and are propping prices for all units for sale.
  • Overall price level is expected to stay the same or drop slightly in 2015

 

http://www.nytimes.com/2015/01/06/nyregion/real-estate-in-manhattan-set-sales-records-in-2014.html

 

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