NYC: more buyers than new listings, but ‘shortages’ are not imminent

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NYC: more buyers than new listings, but ‘shortages’ are not imminent

In 2021, new signed contracts for Manhattan and Brooklyn co-ops, condos, and townhouses outperformed last year, with new listings struggling to keep pace with demand.

As a result bidding wars are increasing, the Covid discount is shrinking, and prices are on the rise in NYC.

In November, for example, new signed contracts for Manhattan co-ops under $500,000 increased by 52.7 percent over November 2020, while new listings for the same price category fell by 15.3 percent, according to the latest edition of the Miller Samuel Report. Manhattan condos priced $500,000 to $999,000 saw new signed contracts increase ...

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The NYC neighborhoods to watch in 2022

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The NYC neighborhoods to watch in 2022

Soho, Dumbo, and Greenwich Village top a list of New York City neighborhoods to watch in 2022, according to a new report from StreetEasy that looked at areas with the biggest surge in interest among buyers, renters, and sellers.

After being hit very hard by the pandemic, Manhattan is now seeing renewed interest as shopping, nightlife, and cultural institutions reopen. There’s lots of housing buzz about Soho in particular, a result of proposals to rezone the area and add more apartments. The neighborhood saw a 48 percent increase in listing searches in 2021 over ...

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Governors Island Will Be Open Year Round

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Governors Island Will Be Open Year Round

A welcome escape from New York City’s typical hustle and bustle will now be open all year — and just a short ferry ride away.

The 172-acre island in New York Harbor opened wide to the public in 2006 after decades as a military installation.

Governors Island starting Nov. 1 will be open from 7 a.m. to 6:15 p.m.

NYC Ferry service will be offered on the South Brooklyn Route during weekdays and non-summer weekends, in addition to the existing Pier 11/Wall Street summer shuttle.

(source: patch.com, picture: patch.com)

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Renters are ‘frantic’ to return to NYC

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Renters are ‘frantic’ to return to NYC

Imagine wanting to ease back into your New York City life after being away for a year. You scan apartment listings and see your old place is available. Sounds like a great coincidence, right?

That’s what happened to many people, like Ranee Soundara, who let her apartment lease lapse during the pandemic, and was hoping to return to the city in October. There was only one problem: The place is “now almost 25 percent more than what I paid last ...

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Manhattan Sales Market Update – 3Q2021

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There were over 4,523 sales in the 3rd quarter 2021, more than triple the amount registered in the 3rd quarter of 2020 and still over 76% higher than the same period in 2019. It’s basically an all time record for volume of transactions.

Median sales price was at $1,115,000, up year over year by +1.4% and by +8.8% from the same period two years ago. While the average sales price was $1,874,942, down 14% from 2,179,777, skewed lower by the fact ...

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Thanksgiving Day Parade Returns To NYC’s Streets For 2021

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Thanksgiving Day Parade Returns To NYC’s Streets For 2021

The Thanksgiving Day Parade will march through the streets of New York City once again this year in yet another sign of a slow return to normality amid the COVID-19 pandemic.

“We are thrilled to welcome back in its full form the Macy’s Thanksgiving Day Parade, a world-renowned celebration that ushers in the magic of being in New York City during the holiday season,” said Mayor Bill de Blasio.

Public viewing will be allowed only in specific locations which will have safety procedures in place, like social distancing, face covering, and a ...

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