Posts featuring SOPHIE SMADBECK
UPPER WEST SIDE
September Marks End to Slowest Quarter Of 2019, 10 UWS Properties in Contract Indicates a Stabilizing Market
Posted October 11th, 2019 by Richard Pretsfelder, Sophie Smadbeck
Citywide, 3Q2019 was one of the slowest we've seen since 2008. There were no sales on the UWS from July-September after 8 sales in June slid in... Read More
UPPER WEST SIDE
With Eight Properties in Contract, Slow Summer Transitions Into A More Active Fall
Posted September 3rd, 2019 by Richard Pretsfelder, Sophie Smadbeck
True to traditional seasonality, August was a slow sales month for Upper West Side townhouses. While there were no sales in July or August after a... Read More
UPPER WEST SIDE
Mansion Tax Spurred High Sales Activity in June, Slow July
Posted August 6th, 2019 by Richard Pretsfelder, Sophie Smadbeck
With most buyers trying to accelerate purchases to close before the mansion tax went into effect July 1, June was the busiest month this year for... Read More
NEWS
Explaining the New Rent Regulation Laws
Posted June 17th, 2019 by Richard Pretsfelder, Sophie Smadbeck
The New York State Legislature passed new rent regulation laws on Friday, prompting apprehension and questions within the industry. We want to keep... Read More
First Half of 2019 Closes with an Increase in Sales Activity
Posted June 5th, 2019 by Richard Pretsfelder, Sophie Smadbeck
While 2019 got off to a slow start both in terms of dollar volume and pricing, there were four sales in May, including the high sale of the year at... Read More
UPPER WEST SIDE
Upper West Side Bid-Ask Spread Quarterly Report - Q2 2019
Posted June 3rd, 2019 by Richard Pretsfelder, Sophie Smadbeck
The first two months of this quarter were characterized by an unusual spike in bid-ask spread, likely due to outliers in asking price on new... Read More
Inventory High, Pricing and Volume Down for UWS Townhouses
Posted May 13th, 2019 by Richard Pretsfelder, Sophie Smadbeck
Through April of 2019 the Upper West Side townhouse market has shown mixed results with the number of sales flat year over year and the price per... Read More
Cap Rates and Pricing for Upper West Side Multi-Family Townhouses
Posted April 23rd, 2019 by Richard Pretsfelder, Sophie Smadbeck
Given the nature of the current market, many investors are looking for higher cap rates on multi-family properties than they have in previous... Read More
UPPER WEST SIDE
Transaction Volume Steady, Pricing Down, Offers Up
Posted April 4th, 2019 by Richard Pretsfelder, Sophie Smadbeck
2019 got off to a slow start, but after several closings at the end of February/beginning of March, Q1 quarter-over-quarter transaction volume was... Read More
UPPER WEST SIDE
Sluggish Market Shows Signs of Life
Posted March 5th, 2019 by Richard Pretsfelder, Sophie Smadbeck
Sluggish sales volume continues to be the defining characteristic of the current Upper West Side townhouse market as the first two months of 2019... Read More