Maximizing Your Home’s Potential For Sales

January 22, 2010 · Posted in Manhattan, Sales · 1 Comment

nyc04 SIMPLE CHANGES CAN IMPACT HOW QUICKLY YOUR PROPERTY SELLS AND AT WHAT PRICE

Many cosmetic changes can be made with minimal time and expense. Buyers will be comparing your property to competing properties. So here are a few practical tips to help yours stand out above the rest.

Unclutter
Eliminating clutter will make your property feel larger and brighter. If your property is uncluttered and neutral, prospective buyers can explore it comfortably and envision it with their own personal touches.

Repair
Making certain repairs will present your property in a more positive light to prospective buyers, and can also add to Read more

Tags: <Home Sales, Manhattan>

Want a Strong Investment? Buy a Home in New York City

January 22, 2010 · Posted in Manhattan · 1 Comment

nyc03 There are many reasons why it is a good idea to invest in New York City real estate, for instance, unlike in many other areas of the country where properties have devaluated as much as 40%, NYC has depreciated only approximately 25% (when compared to cities like Los Angels or San Francisco) according to an article from TheStreet.com. The real estate industry remains very active, the volume of the transactions have increased, there is a large foreign investor interest, and the supply remains low compared Read more

Tags: <Manhattan>

A 2010 Guide To Buying A Home in New York City

January 21, 2010 · Posted in Manhattan · 3 Comments

nyc02 Caught in the maze of buying an apartment in New York.City?

The rules are different in New York City than in other parts of the country!

For the inexperienced some of the differences may be perplexing, however, we can guarantee that if you do your homework and keep this guide handy, the process will flow much more smoothly. Our job at Douglas Elliman is to help you determine which type of apartment is suitable for you, to assist in neighborhood selection, to educate you regarding real estate prices, and to pair Read more

Tags: <Manhattan>

New York City 4th Quarter 2009 Rental Report

January 21, 2010 · Posted in Manhattan, Market Reports · 1 Comment

Rental price indicators below prior year quarter, stable since third quarter

All rental price indicators, excluding concessions, were below levels seen in the same period a year ago, but showed signs of stability since the prior quarter. Rental price per square foot was $47.02, down 4.6% from the prior year quarter and down 1.7% from $47.84 in the prior quarter. Average rental price fell 4.3% to $3,789 in the fourth quarter from $3,958 in the prior year quarter, but saw a nominal 0.8% uptick from $3,759 in the prior quarter. The smaller price declines and mixed results from the prior quarter suggest near Read more

Tags: <Manhattan>

New York City 4th Quarter 2009 Sales Report

January 21, 2010 · Posted in Manhattan, Market Reports, New York City · Comment

The number of sales increased over the prior year quarter as inventory fell

There were 2,473 sales in the current quarter, up 8.4% from the 2,282 sales in the prior year quarter and up 10.9% from the prior quarter. This level of activity was more than twice the 1,195 sales seen in the first quarter of 2009, which had been lowest level of sales in nearly 15 years. The return to more normal historical levels of sales activity was also reflected in the decline in inventory levels. There were 6,851 active listings at the end of the quarter, a 24.6% decline from 9,081 listings in the same period a year ago, but down 18.3% from 8,389 listings in the prior quarter. The seasonal average decline in the number of listings from the third quarter to fourth quarter over the last decade with the exception of 2008 was -3.4%. Therefore the 18.3% decline in listings was considered atypical. Excess inventory was worked off by the Read more

Tags: <Manhattan>