What Are Real Estate Comparables
Used to determine a property’s current market value, comps are an essential part of successful real estate transactions.
Used to determine a property’s current market value, comps are an essential part of successful real estate transactions.
Prices rose across most of NYC’ 50 most expensive neighborhoods in 2024, topped by Hudson Yards for the sixth consecutive year.
Although NYC foreclosures declined at a slower 9% pace than the metro overall, New Jersey markets pulled metro-wide figures down, dropping 20% Y-o-Y.
Discover some of the key events of the 2024 NYC real estate industry, from the City of Yes approval and introduction of TODD to the challenging housing market.
Last leading NYC’s most expensive neighborhoods in 2016, SoHo claimed the top spot with a $4.25M median sale price, while Hudson Yards had only 4 sales.
Driven by significant slowdowns in Queens and Brooklyn, NYC foreclosures reach lowest levels in seven quarters.
Reversing last year’s depreciating trends, nearly 7 in 10 of the most exclusive zips logged price increases in 2024.
See the 13 communities within half an hour of NYC where homes sell for less than the metro median and where you can find the largest homes for the pest prices.
Increasingly over the past 10 years, out-of-state buyers are investing in NYC real estate, as are residents from counties surrounding NYC.
The state budget bill has recently introduced a new tool to the state’s property laws to simplify the process of inheritance.
City-level trends may have been muted, but significant shifts occurred among its exclusive neighborhood.
NYC foreclosures remained flat in Q2, up just 1% Y-o-Y, with Queens accounting for 44% of all cases, while the Bronx had just 33 cases.
Citywide prices grew much faster in 31 of the 40 most populated cities in the U.S. over the past decade, with 17 downtowns now cheaper than the city.
Condominium offering plans are a prerequisite for the public offering or sales of condominiums and must be approved by the Department of Law.
Learn how to find comps and easily determine accurate property values for successful real estate transactions.
Manhattan remained home to some of the priciest neighborhoods in New York City, with Hudson Yards, SoHo and TriBeCa on the top.
Manhattanites enjoy access to 160+ public parks — but what’s the cost of buying a unit next to the borough’s largest green spaces?
As foreclosure cases continued to tick up in Q1, Queens and Brooklyn supplied the bulk of the city’s caseload, while Manhattan figures started to dip.
While the original PCDA addressed various property concerns, legislatures deemed updates necessary to increase consumer protection.
LLCs have been a favorite tool for real estate investors looking to maintain anonymity. But the NYLTA has brought some significant changes to that.