2016 NYC Office Sales Total over $21 Billion; Price/SF Reaches 5-Year High
2016 NYC office sales volume exceeded $21 billion, down 7% Y-O-Y Manhattan office price per square foot reached $1,347, a 5-year high Price per square foot in Queens more than doubled since 2012 Foreign investors behind more than half of the year’s top 20 office building sales Investment Strength Prevailed Through 2016 Hurdles Through last year’s economic and…
The Most Expensive Zip Codes in Illinois in 2016
Quick facts: Kenilworth’s 60043 is #1 most expensive zip code in Illinois Three of the top five zips, 60093, 60022 and 60045, have claims to Hollywood fame The Windy City has the highest number of expensive zip codes, grabbing 16 spots in our top 50 Although Illinois didn’t break into the top 100 most expensive zip…
The 10 Most Expensive Homes for Sale in Florida
Home to ultra-sleek condo high-rises, sprawling retirement communities and luxurious waterfront properties, Florida’s real estate market is one of the most dynamic nationwide, with Cape Coral and Tampa considered among the cities with the top highest homeownership rates in the country. The Sunshine State boasts the 4th most expensive zip code in the U.S. –…
Top 10 Most Expensive Homes for Sale in Texas
Texas, home to sprawling ranches and towering high-rises, is a land of immense diversity when it comes to the housing market. Whether you’re looking for a secluded ranch, luxury high-rise condo or a McMansion, the sizzling Texas housing market has it all. Probably supersized to boot. Texas has some of the most generous home sizes…
The Most Expensive Zip Codes in Massachusetts in 2016
Quick facts: Boston’s 02199 is the #1 most expensive in Massachusetts and #11 nationwide; The second most expensive zip code, 02108, is a U.S. National Historic Landmark District; Boston’s 02116 dominated the state’s residential market by sheer volume – 430 sales; 2016’s top three deals came from Nantucket’s 02554 at a combined value of $46.6…
Brooklyn: Foreclosures Climb in the East and Home Price Gaps Deepen
Among headlines that crown Brooklyn as one of the most expensive real estate markets in the US and that announce record-breaking sales of luxury properties, PropertyShark’s 2016 foreclosure report revealed quite an intriguing trend: the number of new foreclosures in the borough has been steadily climbing for the past 5 years. We decided to investigate further and…
The 10 Most Expensive Homes for Sale in New Jersey
Much has been said of the soaring value of urban pads in the sky in America’s biggest cities, penthouses carved of steel and glass asking for their weight in gold. Closer to the ground, however, traditional homes, at least the super-sized versions of them, still command the attention of wealthy buyers in ever increasing numbers….
The Most Expensive Zip Codes in New Jersey in 2016
Quick facts: Alpine’s 07620 still reigns supreme as the most expensive zip code in New Jersey; Short Hills, Time magazine’s ‘Richest Town in America’ of 2014, boasts the second most expensive zip code in the state; Hoboken’s 07030 (#33 on our list) was the setting for the largest number of residential transactions in 2016—830; The biggest…
Top 10 Best-Selling Buildings in NYC 2016
2016 was a great year for some of New York’s largest developers looking to finally cash in on their investments, as several high-profile developments completed construction work and closed a large number of deals initiated in the past 3 years. We took a look at the residential market of 2016 and singled out the developments…
The Housing Gender Gap: Where Can Single Men and Women Afford a Home?
The housing market across America has been accelerating over the past few years, and most cities have managed to pick themselves up and thrive after the recession of the last decade. The other side of the coin, however, shows a harshly competitive urban landscape where new-comers and long-time residents race neck and neck for a…
Debra Hoffman from Town Residential: Prices Are Starting to Level Off in the Sales Market
We’re happy to start off 2017 with a new interview in our series! This time, Debra Hoffman from Town Residential shares with us both her assessment of the year that has just ended and her predictions for 2017. Debra believes there’s a lack of inventory in the $1M to $3M sales market, and if priced…
Agent Interview with Diana Kosov: Find the Key Tools for Your Success
Building a real estate career can seem overwhelming, with so much to juggle. You balance a budget, navigate the contract process, research the market and market your business. All this while staying available and flexible to your clients and their needs. PropertyShark partner Leap EDU, premier real estate licensing and continuing education school, offers some insight. They sat…
CRE Pros’ Predictions for 2017: Best Bets Are on Brooklyn, While Midtown Retail Is Expected to Decline
After taking the pulse of the residential market and drawing the outlook for 2017, we decided to pick the brains of commercial real estate pros on what’s to come in the retail, office and multifamily sectors. First, a quick overview: Investment in the multi-family sector will remain strong, say 61% of respondents, and Brooklyn is…
10 Most Expensive Homes Sold in Brooklyn 2016
Brooklyn’s seemingly never-ending price hikes held course in 2016, particularly in the second half of the year, when the median sale price across all residential properties in the borough hit $650,000. Looking back, several homes in the borough were worth a whole lot of money last year, with some condos and townhouses in northwestern neighborhoods selling at prices one…
Real Estate Pros Say East New York and Bushwick Will Be the Hottest Neighborhoods in 2017
With the perspective of a new year in mind, PropertyShark surveyed its clients, NYC real estate professionals, to find out their market predictions for 2017. Some of the results might come as surprising so read on to find out more. Here are just some of the key findings: According to the pros surveyed, NYC’s most in-demand neighborhoods…
The Top 20 NYC Commercial Lenders in 2016
The commercial real estate market in New York remained strong in 2016, and CRE lending followed suit after the slump of the first quarter. Encouraged by historical lows in interest rate, and a generally healthy evolution of the main commercial sectors in Manhattan – by far the largest CRE loan sub-market in the US –…
10 Most Expensive Homes Sold in the Hamptons in 2016
The Hamptons real estate market has been slowing down lately, according to the luxury homes still sold for higher prices than a year ago, in Q3 2015. Sales closed at a slower pace in 2016, but for some former owners, the money they got was well worth the wait. Take a look at the list below…
Top Most Expensive Homes Sold in L.A. County in 2016
This Year, the $100-Million Home Sale Finally Happened in L.A. County 2016 brought the biggest home sale ever recorded on the L.A. market, hitting the $100 million mark. What’s more, two different homes traded for this amount, sharing the top spot on our list of most expensive homes. The first $100-million sale on our list is the…
Forget What Forbes Said, Here Are the Most Expensive ZIP Codes in the U.S. in 2016
Quick facts: Striking Differences When Ranking the Most Expensive ZIP Codes in the Country After carefully tracking the priciest U.S. ZIP codes for the past years, it has become somewhat second nature to us. So when Forbes released their list of most expensive ZIP codes in the U.S., something felt off. We dug deep in…
Down Payments in Manhattan Now $500K – Almost Double the Median Sale Price in the US
55% of Manhattanites bought their home all cash in 2016, compared to the national average of 33% The median down payment on a home purchase in Manhattan was $500K, a huge sum to consider when compared to the full price of the average home in the US – $301K  The median down payment for a luxury home…
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