Posts featuring MARKET TRENDS
UPPER WEST SIDE
UWS Townhouse Inventory Down 46% in Nine Months
Posted February 10th, 2020 by Richard Pretsfelder, Sophie Smadbeck
In May 2019, we reached peak inventory on the Upper West Side townhouse market with approximately 94 townhouses available for sale. Eight months... Read More
UPPER WEST SIDE
Has the Market Decline Ended?
Posted January 14th, 2020 by Richard Pretsfelder, Sophie Smadbeck
That is the topic being regularly discussed both among brokers and with buyers and sellers. While it still feels too early to call it a trend,... Read More
MARKET TRENDS
2019 in Review: A Challenging Year Ends with Opportunity & Uptick
Posted December 29th, 2019 by Matthew Lesser
2019 was a challenging year, defined by political and economic uncertainty. New taxes made deals more expensive for both sides, new regulations... Read More
UPPER WEST SIDE
9 UWS Townhouses Under Contract Entering The Final Month of 2019
Posted December 4th, 2019 by Richard Pretsfelder, Sophie Smadbeck
Activity has picked up in 4Q2019 with 6 sales since the beginning of the quarter after no sales were recorded in 3Q2019. Although mid-November... Read More
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
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
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