Your weekly market update has arrived. Brought to you by the Martin Eiden Team at Compass. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Manhattan Market Insights
Sept 2023
Year over year, average sale prices in Manhattan are up 8.5%, inventory is down 8.7%, and there was a 20% days on market increase. Do you have questions about the real estate market? I'm here to provide valuable insights into the market so you can stay educated and informed. Read more in Compass' Sept 2023 Brooklyn Market Snapshot here.
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Q3 Earnings Season Kicks Off
Earnings season kicked off last week
with reports from JPMorgan Chase,
Citigroup
and Wells Fargo. They fared well overall indicating good news on the horizon. Some analysts predict tech stocks like Amazon and CrowdStrike will rip higher this earnings season while these companies are expected to report a loss. Calendar and details here.
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How Co-Ops Are Coping With Change?
Fading demand, rising financial pressures push co-ops to get crafty. 15 years ago, the large majority of large, family-sized apartments in Manhattan were co-ops, but that ratio has since changed to nearly 50-50. From 2013 to 2023 the median sale price of co-ops increased 37% while for condos, it nearly doubled. How can co-ops cope?
(Full Story)
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One of the best perks of being on the MET mailing list or a follower on our social media accounts is getting access to our curated weekly report of luxury real estate in Manhattan. This exclusive report gives you a birds-eye view of exactly what is happening in the market and how it changes from week to week. We love educating our client base and giving them all the tools we can to support them in any real estate decision they are getting ready to make. Just wait till the end of the year when we compare all our weekly reports to see how the market fluctuated throughout the year.
View Last Week's Report here and
Follow to keep on Manhattan Luxury Real Estate here
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431 West 54th Street, Unit 4D
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70 La Salle Street, Unit 12D
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452 West 50th Street, Unit 3E
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70 Washington Street, Unit 12A
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© Compass 2023 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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