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The mild winter has brought a volume of activity higher than usual both on the rental side as well as the sales side.
Potential buyers were able to visit the properties they were interested in without having to wear the heaviest coats.
The number of available condo units for sale in Manhattan went down 3.2% between January 2011 and January 2012 according to the source StreetEasy.
The fact that the City hasn’t seen too much construction going on in the …

The new highest record for a single family townhouse sold on the Upper West Side was broken last month when 247 Central Park West changed hands for: $22.4 million.
The investor who bought it is now putting it on the rental market at a healthy $110,000 a month asking price. Cheers to that.
The $3 to $5 million segment is also having a good moment and activity is good, many brokers say.
If potential buyers are complaining that there’s a …

The statistics show that the median price for an apartment sold in Manhattan in the third quarter of 2011 was $855,000, an increase of 1.2% compared to the same period in 2010 (source: Miller Samuel).
The flow of foreign buyers investing in New York stays consistent. Many consider the investment in the U.S., and especially New York City, safer than betting on their own countries.
The number of signed contracts, as a result, has been increasing in the previous months. …

We are getting closer to the end of the year and, especially in this period, we would all like to own the proverbial crystal ball in order to see what 2012 has in store for us.
The signals from Manhattan residential market are comforting. In spite of the worldwide news of financial despair, this little island seems to be keeping up with its historical habit of not being bothered much by human troubles. Jokes aside, the fact that rental prices …

Last month the co-founder of Microsoft, Paul Allen, has bought a penthouse on the Upper East Side for $25 million.
Nowadays potential buyers, who are actively looking, are used to the international economic environment that still presents signs of uncertainty and they seem less affected by it, they are ready to make decisions relatively fast. The bumpy stock markets don’t influence who is really serious about buying real estate in New York City.
The real estate residential market here is …

The third quarter 2011 market report compiled by appraiser Miller Samuel shows how the sales activity has increased 16.7% over the same period 2010.
Prices have been mainly stable. The dollar amount paid per square foot went up 3.2%.
International buyers continue to regard Manhattan as a special market, where foreign investments prop up demand and diminish volatility.
The rebound in the rental market is, without a doubt, an attractive point for investors that look for steady returns.
untied we …