Long Island City Home Sales Set New Records in 2015
Median sale price at an all-time-high and the luxury market is flourishing! The Long Island City area* has for a while now been center stage in New York real estate and our latest market report shows that things are not changing. On the contrary, the median sale price per property hit an all-time high at…
Queens Home Sales Prices Hit 8-Year High in 2015
Queens: median sale price is back to levels seen before 2008 Residential Market Highlights The median Queens home sales price hits an 8-year high: $360,000. The total number of transactions was 11,500 (-5% Y-o-Y). The luxury market record for number of sales was broken: 323 sales recorded over $1M. The most expensive neighborhood: Forest Hills…
Real Estate Events We Are Attending in January 2016
We can’t think of better way to kick off the New Year than with some spectacular real estate networking events! With the successful release of our mobile app in 2015 and some of the top secret updates we’re currently working on, we’re very excited about 2016 so stay tuned to this blog for updates. In…
Median Home Prices in 3 NYC Neighborhoods Jumped Over $3 Million in 2015
New York City may be revered as the real estate mecca of our planet, but where you live in the Big Apple still makes a big difference. If you’d like to call home one of the trendiest NYC neighborhoods and join the celebrities, be prepared to pay more than $3 million for an “average home.” For the first…
Are Your Property Taxes Too High?
If you think you may be paying too much in property taxes, there is a way to address this by pursuing a tax grievance. A successful appeal will mean lower taxes and less financial burden on you as an owner, but could also make your property more attractive to buyers if you plan to sell…
Uncovering 215 Years of Home Architecture in NYC [Slideshow]
By revamping one of our older research project, our friends at RENTCafé have crafted a cool slideshow of the evolution of home architecture in NYC over the last 215 years. They’ve captured snapshots of beautiful homes via Google Maps Street View and crunched interesting property data from our property reports. If you’re not the walking…
Top 10 List of Million-Dollar Manhattan Homes Bought at the Auction
Before the economic collapse, it was only now and then that you heard about luxury homes being sold at a bargain as a result of the owners’ incapacity for making their payments. The situation changed radically after recession hit, with news about beautiful pieces of real estate turning into damsels-in-distress becoming more and more common across the US….
Zoom In: NYC Retail Space Vacancy
The NYC retail market, challenged worldwide only by the Hong Kong market, has always done fabulously due to ever-increasing interest from big retailers around the world. But in the past years, the biggest retail corridors have been seeing explosive rents, as if trying to mirror the ascending trend in home prices. As such, nobody had been particularly surprised to see store and office…
NYC Commercial Real Estate: October’s Biggest Sales
How did the NYC commercial real estate segment do in October? Our top 10 list of the most expensive commercial sales reveals which were the latest important transactions in the Big Apple; most of the names referring to Manhattan office, retail and loft deals. Not all, though, as there’s also a building in the Bronx claiming one of the spotlights. Take…
How to Run an Accurate Condo Appraisal in NYC
See how to perform accurate condo appraisals in NYC using precise comparables, comprehensive for-sale inventories, foreclosures, maps & more.
10 Fabulous Homes for Rent in San Francisco Right Now
2015 has been a landmark year for the San Francisco real estate market. The housing shortage and the influx of tech workers have encouraged the median home price to jump over the $1 million threshold and reach an all-time-high of $1.18 million in Q2. And things are not too much different in the rental market. Vacancy rates are quite low, which may…
How to find more leads among condo owners
As a residential broker, building long-term relationships with clients and finding prospects is essential for success in this business. Maintaining a steady flow of leads is closely connected to how much exposure you gain and how you manage to reinforce your presence on the market. Direct-mail is still a very efficient marketing channel when you…
Zoom In: Which NYC Borough Has Seen the Most Crimes in the Last Month?
Whether you’re planning to buy a house or invest in one, you’re probably ready to put in as much time in doing research on the property as you are in learning about the area. To help you decide if it’s safe enough to build or buy in a certain area, we’re inviting you to check out our monthly-updated Crime Map, which tracks…
While Derelict Detroit Buildings are Razed to the Ground, Million-Dollar Listings Make a Comeback
A few weeks back, we’ve looked at how Queens and the Bronx have been reshaped within the past decade by new projects. But what happens when instead of embellishing the local real estate landscape with new developments, funding goes towards razing properties to the ground? No, it’s not opposite day; it’s the case of Detroit,…
Queens Sees All-Time-High in Luxury Sales
Manhattan – Brooklyn – Queens. The search for affordability has been forcing many NYC home buyers to follow this path in order to find a home. As prices are sky rocketing in Manhattan and more than half of Brooklyn, Queens is now stepping into the limelight as the most desirable borough where one can still find an affordable…
How to Research Condos in NYC: Find Building Management & Contact Details, Condo Declarations, Owners & More
Find out how to research condos in New York City the easy way: find management information, unit owners, sales records, condo declarations and more.
11 Now-and-Then Images Show a Transformed NYC: The Queens and Bronx Edition
If Manhattan and Brooklyn have always been the talk of the town in terms of real estate development, it’s time for Queens and the Bronx to step into the limelight. Backed up by strong demand and low vacancies, construction activity has been picking up in less hyped areas of New York City, with major new…
Shark Sightings This Fall: Real Estate Events We’re Attending!
Busy times ahead! As the industry is pushing towards a strong finish in 2015, we will be attending several real estate events in New York. We hope to use these opportunities to meet our clients and spark interesting conversations around trending topics for the real estate community. Here is where you can come and talk…
Zoom In: Brooklyn’s Condo and Co-Op Sales Activity in Q3, 2015
In Q3, 2015, Brooklyn continued to be a seller’s market. Buyer demand outpaced inventory despite the fact that median home sale prices in more than half of Brooklyn neighborhoods are skyrocketing, with the luxury segment in particular thriving. According to the Corcoran report, last quarter registered 1,271 co-op and condo sales, a 7% decrease compared to Q2, 2015. The…
A Decade of Home Price Changes in NYC Reveals a Very Divided City
Everywhere we turn these days, the real estate headlines seem to announce the same thing: “Average home prices in Manhattan hit a new record.” Then a new one. And it’s not just in Manhattan that home prices have been sky-rocketing month after month. In parts of Brooklyn and Queens average home price tags are boasting staggering numbers, as…
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