Browsing All Posts filed under »Market Watch«

Corcoran’s August Market Update

September 13, 2010

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Corcoran’s August Market Update

Like in NYC, National Vacancy Rates are Dropping

August 9, 2010

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While Manhattan has flirting with 1% and lower vacancy rates for the last few months, the rest of the country has been on the decline as well.  In the top 64 markets in the US, apartment specific vacancy has dropped from over 8.2% to 6.6% since 2009.  That is a 25% drop in availabilities.   In […]

2nd Quarter REBNY Broker Survey Round Up

August 4, 2010

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REBNY, AKA the Real Estate Board of New York, just released its 2nd quarter survey findings from talking to REBNY agents.  A positive outlook for the most part, but often we’re an optimistic bunch. REBNY RESIDENTIAL BROKER’S SURVEY PROVIDES INSIGHT INTO NYC HOUSING MARKET   Data Indicates that Residential Rental Market Is on the Fastest Track […]

Condos Leading the Charge in NYC, 6 out of 8 areas increase

August 4, 2010

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A report just came out from Radar Logic (covered in WSJ) regarding current trends in Condo sales.  It appears that these have been relatively strong year over year, both with a slight increase in cost per square foot, but more significantly with a near doubling of actual sales. The biggest gain comes from the financial district.  […]

Rentals Continue to Strengthen in NYC

July 9, 2010

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A recent Bloomberg article just came out with more data ont the current state of Rentals in NYC.  As we have seen first hand on the ground, inventory is shrinking even further (down 32% y-o-y I think).  The average rental is $3000, around $1,800 for a studio.  As of last month, vacancies in the West […]

2nd Quarter Corcoran Market Report

July 6, 2010

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The 2nd Quarter Corcoran Market Report has come out.  This is a fairly indepth breakdown of sales trends across Manhattan and covers all apartment types and townhomes. Of note, average sale prices are around $810,000 and average price per square foot is $1,040.  Please click the image for the full report!

Market Update: Year-Over-Year is UP on Average

June 29, 2010

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While not prone to shilling US Housing Market statistics as law due to the location based nature of Real Estate, this MarketWatch article was able to add some cheer by saying on AVERAGE prices were up 0.8% in the last year, but then goes on to point out individual city changes. Biggest uptick in housing […]

Buyers in the Catbird Seat

June 17, 2010

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A recent New York Times article has put into words something we have all been experiencing on both the buyer and the seller side.  Buyers have motivated sellers by the throat as inventory stays high and real buyers, those that were able to get approved on a mortgage or have cash are harder to come […]

The Ebb and Flow: New Homes Are Getting Smaller?

June 15, 2010

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Remember the Naughts (2000-2009) when not an ounce of care went into securing a reasonable mortgage and everyone and their mother was trying to make that cash off real estate?  Well with a reality check in the market, developers have finally caught up.  The average size of houses, number of bedrooms, bathrooms and even number […]

Manhattan Rental Vacancy Drops Below 1%

June 10, 2010

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Citi Habitats, our sister company and largest rental firm in Manhattan has just released a report that shows that as of May, there are now fewer than 1 in every 100 apartments available to rent.  In the West Village,  a hot spot for rentals and sales alike, there is only 0.33% availability, or 1 in […]

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