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…
Top 20 NYC Residential Lenders 2016
Wells Fargo issued the highest number of mortgages this year – 2,081 JP Morgan Chase issued luxury home mortgages for the sum of $414 million The lowest median down payment – 13% – was operated by Homebridge Financial Services In a place like New York, where home prices are sky-high and demand is never lacking, financial institutions get a…
These 4 Billionaires Are Rich Enough to Buy LA’s Most Exclusive Areas
The world’s top 4 billionaires could afford to buy all of LA’s most exclusive areas Malibu, Venice, Santa Monica, Beverly Hills or Bel Air. When it comes to the world of real estate, these names instantly make everyone think of beach-front mansions owned and made famous by celebrities. And, if you’re anything like us, you’ve…
The Super-Rich Take On San Francisco & Silicon Valley
So many of the individuals on Forbes’ World Billionaires List made their fortune in the tech world, that we just had to take our Billionaires vs. Real Estate series to their business alma mater – Silicon Valley. And given how this is also one of the most expensive real estate markets in the country, we…
Survey: 56% of NYC Real Estate Pros Say Value in Trump-Branded Buildings Will Not Increase
Will the value of units in Trump-branded buildings rise post-election? The results of a PropertyShark survey indicate that 56% of NYC real estate pros say “No”. President-elect Donald Trump started off as a real estate developer and became even more famous for licensing his name to residential buildings, hotels, casinos and golf courses. Unsurprisingly, the Trump brand…
NYC Multifamily Investments Slow Down in Q3, Manhattan and Brooklyn See Losses
The market for NYC multifamily properties took a hit last quarter, as investor trust seems to be dwindling. According to a recent report by Ariel Property Advisors, the number of buildings purchased between July and September was down 22% Y-o-Y, and 10% since the previous quarter! 284 buildings were sold in 178 transactions, for a…
How Many Billionaires Does It Take to Buy Manhattan?
We enjoy poring over the latest issue of Forbes’ World Billionaires List as much as the next person, watching the billions stack up every year, but have you ever realistically considered what that kind of money could actually mean? We just did. And being in the business we’re in, we decided to count the dollars…
The Real Estate Hour: Rise of the Residential Rental Market
Jeff Adler, vice president of Yardi Matrix, a sister company of PropertyShark, recently gave an interview for The Real Estate Hour. Together with host Alan Feldman, Jeff discussed the current state of the US housing market and the reasons behind the rise of the residential rental market. Interview Topics: What’s behind the surging demand for…
Top 10 NYC Best-Selling Buildings Q3 2016
A sculptural tower in TriBeCa takes over the number one spot as NYC’s best-selling building last quarter. Although in our Q1 and mid-year Top 10 lists Carnegie Park in UES reigned supreme, with by far the highest number of recorded sales, in Q3 the newish development at 56 Leonard Street became the best-selling building in…
Is the Average Texas Home Size On Par with Rising Prices?
The “sizzling” Texas real estate market made news across local and nationwide industry publications this summer, and developers could not be happier. Sales and prices are soaring and there’s plenty more demand for new housing to keep them busy for years to come. But are average home buyers getting what they pay for in terms of…
Homebuyers: Check What Loan You Qualify for before Shopping for a Home
Matthew Garland is Director of New Development at Quontic Bank and he shared with us valuable advice for homebuyers seeking financing. According to Matthew, it is highly important to know what loan you qualify for before you actually go shopping for a home. He reminds us that the currently low interest rates mean more home…
Real Estate Is at the Heart of the Second Harlem Renaissance
A second Harlem Renaissance is underway, this time driven by an influx of money and a middle class population eager to escape the hectic life and ridiculous housing prices in the rest of Manhattan. So we decided to take a look at what the neighborhood has to offer in terms of homes and single out…
PropertyShark at the NYC Real Estate Expo and HGAR’s Members Day
Here’s where you can meet and talk with the PropertyShark team in the upcoming weeks! We look forward to seeing you at these events so don’t forget to register and stop by our booth, you have all the info you need below: 8th Annual NYC Real Estate Expo The Expo brings together real estate pros for…
Want to stay on top of the real estate market?
Access comprehensive property data and ownership information with intuitive research tools.