Posts featuring MARKET TRENDS
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
UPPER WEST SIDE
Upper West Side Bid-Ask Spread Quarterly Report - Q1 2019
Posted March 4th, 2019 by Richard Pretsfelder, Sophie Smadbeck
The bid-ask spread for Upper West Side townhouses hit a record low this month at 12.7%. The consistent tightening of the bid-ask spread over the... Read More
UPPER WEST SIDE
Two low-priced November townhouse sales, explained
Posted December 4th, 2018 by Richard Pretsfelder, Sophie Smadbeck
With the explosion of real estate data on the internet in recent years, buyers and sellers have been empowered with data to better understand the... Read More
MARKET TRENDS
Year-Over-Year Numbers Even Out As Bid-Ask Spread Tightens on the Upper West Side
Posted October 10th, 2018 by Richard Pretsfelder, Sophie Smadbeck
Momentum continued this month for the Upper West Side townhouse market with 3 sales in September, all of which were multifamily properties which... Read More
UPPER WEST SIDE
Upper West Side Bid-Ask Spread Quarterly Report - Q3 2018
Posted October 1st, 2018 by Richard Pretsfelder, Sophie Smadbeck
There was a sharp decrease in bid-ask spread at the beginning of the 3rd quarter, dropping from 28.4% in July to 17.8% in August. September was an... Read More
UPPER WEST SIDE
After Slow Start to Summer, UWS Townhouse Market Begins to Show Signs of Life
Posted August 6th, 2018 by Richard Pretsfelder, Sophie Smadbeck
True to typical summer seasonality, sales volume slowed in July with only one sale. However, the one sale at 352 Riverside Drive was an 8-figure... Read More
UPPER WEST SIDE
Upper West Side Rental Market Picks Up in Summer 2018
Posted July 26th, 2018 by Richard Pretsfelder, Sophie Smadbeck
A recent map published by Zumper shows the median rent for 1-bedroom apartments in each neighborhood across New York City for the summer of 2018.... Read More
UPPER WEST SIDE
Upper West Side Bid-Ask Spread Quarterly Report - Q2 2018
Posted July 12th, 2018 by Richard Pretsfelder, Sophie Smadbeck
There was a steady decline in spread since the end of 2017, due to consistent price drops in a slow market. The low point since then was a 23.8%... Read More
UPPER WEST SIDE
Upper West Side Bid-Ask Spread Quarterly Report - Q1 2018
Posted April 5th, 2018 by Richard Pretsfelder, Sophie Smadbeck
Since June 2017, we've been tracking and recording the bid-ask spread for Upper West Side townhouses. The bid-ask spread represents the percentage... Read More