In Manhattan there are signs of improvement for the sellers, as the sales volume, listing inventory, months of supply and other indicators got better from the prior quarter, although remaining lower compared to a year ago.
The market share of cash buyers fell to a new record low (40.4%) given the current low interest rates.
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21
JAN
2021
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Since the reopening of the marke last June, 70% of the contracts signed came from a listing with a price cut. (source: ubrandigs)
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Any establishment with a state liquor license, including bars and restaurants, along with gyms, must close at 10 p.m., Gov. Andrew Cuomo announced.
“NYS is taking action to stop the spread in response to rising COVID numbers,” Cuomo said in a tweet.
Covid-19 cases in New York have hit levels not seen since the spring, with the infection rate seven-day average in the city rising above 2 percent, and the statewide infection rate close to 3 percent.
Bars and ...
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What’s going on in the Manhattan rental Market? Let’s take a look at the October data…
After months of price declines, people are moving back to the city. The number of new leases is finally on the rise surging to the highest October peak in twelve years.
The Number of New Leases surged 33.2% to 5,641 from October ...
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“Three retail buildings on Madison Avenue have sold for a combined $45 million, a price that represents a new low for the posh shopping district.
The luxury retailer Akris will buy three properties at 831, 835 and 837 Madison Avenue between East 69th and 70th Streets for $45 million, according to the Wall Street Journal. The deal includes three ground-floor retail spaces, along with 15 residential units.
The deal came out to $1,340 per square foot, a significant decline ...
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This quarter (Jul-Aug-Sep) began just over a week after the COVID lockdown ended and it reflects sales-contracts that were signed during and after the COVID lockdown. We notice a slight improvement: the number of closed sales edged up a bit from the previous quarter which bodes well for the future..or at least we hope so.
