Expert Interview with Corcoran’s Michelle Griffith: Pricing is Key in NYC’s Real Estate Market
Here’s a new entry in our Expert Interview Series! We’re extremely proud to feature Michelle Griffith, who’s recently joined Corcoran at their flagship East Side office on Madison Avenue. Being recognized for her achievements and expertise in the luxury real estate market, Michelle loves to work directly with her clients. In this interview, Michelle offers…
Brooklyn Home Prices Go Up 11% in Q1 2016
Fueled by a low inventory of homes for sale, median prices are on the rise, hitting a record breaking $594,000 in the first quarter of 2016, the highest price point we’ve seen in the past 4 years. Compared to last year’s Q1, median sale prices climbed a solid 11%. The Brooklyn home market is still…
Spectacular Growth in NYC Luxury Real Estate Market Boosts Q1 2016
Quarterly Report on the Residential Market Finds Luxury Sales Pushing Up Median Prices Residential Market Highlights: The luxury market recorded a spectacular Y-o-Y transaction growth in Manhattan: 59% more properties sold for over $3 million Median home prices in NYC (excluding Staten Island) rose by 12% Y-o-Y, reaching $595,000 NYC: overall, the price per square foot was up…
The Largest Rental Projects to Hit L.A. in 2015
Scientists are working tirelessly on new technologies that help reduce our carbon footprint. Our buildings—especially the larger ones—have a lot of room for improvement, and where else would it be more pressing to lighten the load on Mother Earth than in a crowded city like L.A.? Developers realized this a long time ago, but the efforts…
Last Year’s Largest Rental Communities Completed in San Francisco
Apartments for rent in San Francisco posted some of the most impressive rent growths in the nation in recent years, resulting from a plethora of new, high-end jobs pouring into the metro, attracting affluent young professionals to The Golden Gate City. The demand went through the roof, prompting developers to build a large number of…
You Can Now Access PropertyShark Tools 50% Faster; New Residential Market Reports Available
Here’s some amazing news for all PropertyShark users! Based on your feedback, we’ve just improved the speed and loading times of our products. We’ve also been busy adding even more options to the Branded Market Reports and releasing the latest data. Read on for more fresh updates from the PropertyShark team: Property Reports, Comps and…
DUMBO Just Out-Priced Most of Manhattan in Q3 2016
Despite rising prices in waterfront Brooklyn, it’s still highly unusual for any outer-borough neighborhood to out-price the notoriously unaffordable Manhattan. Nevertheless, the spectacular evolution of DUMBO commands attention. This small market ranked at number 4 on our Top 50 priciest neighborhoods in NYC list, to reach a jaw-dropping $2.4M median sale price last quarter. Catch more…
TriBeCa Jumps the $4M Mark, Still Reigns Over Priciest NYC Neighborhoods
When it comes to expensive lifestyles and pricey real estate, New York City holds strong to its reputation as the world’s hottest market. Whether it’s a lavish penthouse in sizzling Lower Manhattan or a posh loft overlooking Central Park, the city’s spectacular properties entice deep-pocketed buyers across all neighborhoods. And as we’re less than two weeks…
Top 50 Most Expensive NYC Neighborhoods in Q1 2016
The rampant price soar for the most desirable homes in NYC showed no signs of slowing down in the Lower Manhattan neighborhoods are among the first ten most expensive on our list, while the Garment District leads in record price booms – almost tripling the value of its median sale since last year’s Q1 to $3,496,538 (albeit, with only 6 sales on record). As for…
5 Tips for Finding Your First New York City Office Space
For generations, New York City has been romanticized as the epitome of capitalism and the American Dream. Entrepreneurs continue to flock from around the globe, eager to benefit from the city’s vibrant economy and business-friendly government initiatives. But many quickly discover that despite all the opportunities New York City has to offer, there are equally…
Top 10 Most Expensive Neighborhoods in the Bronx
Which neighborhoods in the Bronx were the most expensive in 2015? And where are the deals for buyers and investors in 2016? Find out as we countdown the 10 priciest Bronx neighborhoods: 10. Castle Hill Median Sale Price: $345,000 Castle Hill, in south-central Bronx, is home to the borough’s only YMCA, features a renovated greenspace…
Queens Now One of the ‘Top 15 Most Expensive Housing Markets in North America’
According to a recent analysis made by Point2 Homes, as of December, 2015, three of the 15 most expensive housing markets in North America were New York boroughs: Manhattan, Brooklyn, and Queens! While the first two entries aren’t too surprising, the fact that Queens made the list at all warrants a few comments and reactions. Here is…
Manhattan Least Renter Friendly, Home to 15 of the Priciest ZIP Codes in the U.S.
Despite recent rumors that the NYC luxury home market has been sluggish in the past year, on the residential front, renters are unwillingly competing with home buyers to see ‘who has it tougher’, with both parties claiming one victory upon another. With monthly rankings of priciest NYC condos sold now regularly featuring $19 million properties,…
PropertyShark Expands Its Corporate Clients Portfolio with Keller Williams NYC
PropertyShark’s portfolio of corporate clients includes the major brokerage companies in NYC and it’s a huge honor for us to be trusted by the top industry players. We are proud to announce another corporate client! Keller Williams NYC, ranked among the top NYC brokerages, is also powered by PropertyShark services. These services are designed to…
Expert Interview with Elegran’s Chris Fry: Lower Manhattan Real Estate Market Is Definitely Hot
PropertyShark has become over the years an established source for real estate market reports and we decided to complement our analyses with insights from top industry players. We turned to Elegran’s experienced power broker, Chris Fry, for insights on the current state of the market and the challenges faced by the industry in 2016. Here,…
High Profile British Publication Slams NYC Luxury Market, Reports 27% Drop in Sales; Reality Widely Different
After being recently overthrown by Beijing as the billionaire capital of the world, New York City makes international headlines once more, this time being wrongly accused of failing to attract buyers for its trophy properties. A luxury NYC homes has dropped considerably in 2015. According to the publication, only 110 luxury sales ($10+ million) were recorded in…
Manhattan’s Top 10 Best-Selling Buildings in 2015
NYC offers a diverse selection of ultra-prime real estate for home buyers, condo dwellers, and investors. In spite of strong shows of force being put on by New York City’s other boroughs, Manhattan continues to dominate the attention of the world. Though it didn’t make the top 10 with 48 units sold, a special mention…
Top Most Expensive NYC Multi-Family Buildings in January 2016
January’s list of most expensive NYC multi-family buildings includes a good number of package deals as Related acquired its Bronx portfolio with properties on Carpenter Ave, Decatur Ave and Creston Ave. The top of the list is still dominated by properties in Manhattan and Brooklyn. Most expensive multi-family deal The Riverton Housing Complex – a…
Most Expensive NYC Retail Property Sales in January 2016
The first month of 2016 recorded intense activity in the NYC retail market with Manhattan dominating the list of most expensive properties sold. Brooklyn and Queens are also both well represented, while the Bronx makes one contribution to the list thanks to a package deal closed for two neighboring store buildings in Wakefield. Most expensive…
Top Most Expensive NYC Office Sales in January 2016
The office market started 2016 at full speed as several deals closed for prime spaces in Manhattan neighborhoods such as SoHo and Midtown. Though the priciest deals recorded were for Manhattan buildings, Queens also takes several spots in the list of most expensive sales, reasserting its position as a hot market for office spaces and…
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