Testimonial of the Month
 "I just left the apartment at 42 W 13th Street, and Oh my God, you made this place look amazing! It is spectacular. I can't wait to show it, in fact I am bringing my entire office down to see what you've done. It's unbelievably gorgeous - I want to move in myself! Thank you Donna!"
-Cynthia Crowley, Olshan Realty Inc.
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Staged and Sold at Full Price in 10 Days!
After we transformed this apartment, as you will see from the photos below, Cynthia Crowley of Olshan Realty told us:
"Following up to the great job you did at my Village listing, I wanted you to know we got the full asking price immediately on the apartment. Thanks again - I will be sure to recommend you to my associates (though I want to keep you as my own secret weapon!)"
 Living Room Before
Living Room After
 Living Room Before
Living Room After
Kitchen Before
Kitchen After
Kitchen Before
Kitchen After
 Dining Room Before Dining Room After
Master Bedroom Before
Master Bedroom After
Guest Bedroom Before
 Guest Bedroom After
Den Before
Den After
Terrace Before
Terrace After
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Market Overview: New York, NY
Because of the restructuring of Corcoran's website, Monthly Figures are not available for October 2012. We are including the Report results from the 3rd Quarter which were included in last month's newsletter. According to Corcoran's Third Quarter Report:
"There were 3,821 market wide closed sales during Third Quarter 2012, 3% higher than Second Quarter 2012 and 17% higher than Third Quarter 2011. Third Quarter 2012 sales activity is the highest reported since Second Quarter 2008 before the financial crisis began. Compared to the trailing five-year average of 3,164 sales per quarter, sales are up 21%. Transaction volume has increased 125% since the market bottom in First Quarter 2009."
The following is a comparison of 3rd Quarter 2012 and 3rd Quarter 2011:
Market Wide:
- The Number of Sales increased 17%.
- Total Listings on Market was 7,041, a 22% decrease from last year's third quarter.
- Median Price remained the same and average price per square foot increased 2%.
- New listings on the market as a percent of total listings decreased 3%.
- The median sale price of $999,000 decreased 16%.
- The average price per square foot of $1,315 is a 1% increase.
- Discount from last ask to sale at -5.6% represents a 27% decrease.
- Days on the market decreased 20% to 183.
- Listed inventory decreased 19% to 2,905.
Co-ops:
- The median sale price of $647,500 increased 11%.
- The average price per square foot of $957 is up 14%.
- Discount from last ask to sale is up 27% to -3.6%.
- Days on the market increased 2% to 160.
- However, listed Inventory decreased by 17% to 3,313.
For those of you who like statistics, read this interesting article about the pick up in the Manhattan absorption rate, which is the number of months it takes to sell a listing based upon the annualized rate of sales activity.
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Tips and Tricks of the Trade:
How to Arrange Bookshelves
In home staging we often use bookshelves as an opportunity to make a home shine as a work of art. Check out these photos and tips from RealSimple's article on arranging bookshelves and get to work transforming the shelves in your home!
Even just a few striking objects can create a visually interesting display.
There's no rule saying that everything has to match. Though these letters vary in look, they work together because they are alike in essence.
 Style a bookcase with unexpected items, like an eye-catching antique or a porcelain statue.
 Use labeled boxes to house odds and ends without a home.
 Use a furry friend to keep your child's favorite reads in place.
 Borrow a trick from interior designers: Inside a bookcase, use paint that's a couple shades deeper than the room color.
For some more tips, read Donna's blog about the art of arranging a bookcase.
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Did You Know...
- ...Married Couples make up 76% of Sellers and 65% of Buyers
- 39% of Buyers were first timers
- 90% of Buyers use the Internet when searching for a home
- 89% of Buyers used a Real Estate Agent
- The largest factor for purchasing a home was quality of neighborhood
- The average home spent 77 days on the market before selling
Click here to see more of these statistics. Click here to see the source of the infographic.
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Market Overview: The East End
The following is a comparison of October 2012, annualized, vs. all of 2011, by town:
East Hampton Town:
- The median sales price increased 7% to $937,000.
- The number of sales increased 21% to 595.
- The dollar volume of sales increased 18.5% to $846 million.
Southampton Town:
- The median sales price decreased 8% to $795,000.
- The number of sales increased by 20% to 1,108.
- The dollar volume of sales remained nearly the same at to $1,787 million.
Southold Town:
- The median sales price decreased just over 2% to $430,000.
- The number of sales increased 17% to 343.
- The dollar volume of sales increased 11% to $200 million.
Source: Suffolk Research Services
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