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Let’s take a look at closed sales in the first quarter of 2021.
Manhattan has finally joined the real estate party that the wider tri-state region, and also most markets in the USA, have been experiencing since the summer.
Manhattan lost more residents than the other boroughs during the pandemic due ...
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Headline after headline made it seem like half of Manhattan had moved to Florida for good.
Reality check: Only a small percentage of Manhattanites relocated permanently to Florida last year. And as vaccinations amp up, many might be returning — or changing their plans to move in the first place, according to Bloomberg News.
Only 2,246 people filed a permanent address change from Manhattan to Miami-Dade County last year, while 1,741 went to Palm Beach County.
Still, even a ...
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New York City restaurants are on a rapid pace to reopening. Gov. Andrew Cuomo announced that restaurants in the city will increase indoor dining capacity to 50 percent starting March 19.
“In New York State, our decisions are based on science and data and we are encouraged by the continued decline in infection and hospitalization rates,” Cuomo said in a statement.
Restaurants have been struggling amid capacity restrictions. A recent survey by New York State Restaurant Association found that ...
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There were 38 closing at $4 million and above in January 2021, 45 lessthan the previous month. The Average Closing Price was $8,493,335 down -4% from the previous month, meanwhile the Median Closing Price was $5,770,000 down -16% from the previous month, the Negotiability Factor, that is the average discount from the last asking price, was 14.23% up from 10.76% the ...
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It’s recovery time. In Manhattan, new lease signings rose to their highest level for the month of January, since the last financial crisis: up 57.6%year over year.
Lowered rents prompted an increase in the new lease contracts activity. Tenants are moving back to the city in search of good deals as they sense the leverage in their favor ...
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New signed contracts for co-ops, condos, and 1-3 families combined doubled in January, year over year, for the second annual increase since the lockdown ended. New listing inventory fell sharply year over year for the fourth straight month.
(source: Miller Samuel)
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