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I hope you are enjoying your summer. I have been lucky to escape the city and go to the Hamptons on Long Island and the Berkshires in Massachusetts on weekends.
Naumkeag in the Berkshires designed by
Stanford White for the Choate family
In this issue we bring you two 3 bedroom/3 bathroom apartments in the Gramercy Park area which we recently staged. One just went into contract last week but the other one is still available. Know anyone looking for a 3 bedroom apartment (which is not easy to find in this city)? Check out the photos and the listing information below.
Enjoy the rest of your summer and see you at the end of August!
Donna M. Dazzo, President
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Two 3 Bedroom Apartments in Gramercy Park Area
The Designed to Appeal team recently staged two great apartments in the Gramercy Park Area. Both have 3 bedrooms and 3 bathrooms.
157 East 18th Street, Apt. 5GH
This formerly vacant loft-like apartment has a huge master bedroom with a separate nook for a home office or dressing room. To view details of the listing, click here.
121 East 23rd Street, Apt. 15C
The owners of this apartment, which had been on the market, decided to vacate so we could work our magic. All of their furniture and personal belongings were removed. We just learned that it went into contract! We will share more details of how the staging helped sell the apartment in a future newsletter.
To view details of the listing, click here.
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Market Overview:
New York, NY
"A continued shortage of properties for sale and the restoration of prices to their pre-2008 levels resulted in a slower pace of sales in Second Quarter 2014 compared to last year's white-hot market. Closed sales were 10% below Second Quarter 2013 but, typical for the spring season, rose in comparison to the First Quarter 11%. Similarly, signed contracts decreased 22% versus last year, but increased 11% from last quarter.
The resale market also enjoyed price appreciation. The price per square foot for resale co-ops topped $1,000 for the first time at $1,109, a 16% increase year-over-year. Resale condo price per square foot similarly rose by 14% to $1,460. Price growth occurred in all unit sizes, with year-over-year median sale price growth generally higher among two- and three-bedroom units."
The following is a comparison of Second Quarter 2014 vs. Second Quarter 2013:
Market Wide:
- Listings on Market: 5,912 is a 2% decrease.
- New Listings: 5,177 is a 1% decrease.
Condos:
Co-ops:
- The median sale price of $721,000 is an 8% increase.
- The average price per square foot of $1,019 is a 16% increase.
- The listed inventory was just over 2,753 units, a 10% decrease.
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Tips and Tricks of the Trade: How To Design For a Small Living Room!
Designing for a small space can be quite the challenge, especially if it is a living room you're considering. With this often being the most frequented room in any house or apartment, it is important to find the best use of space, no matter how much or little area you have to work with. The following features a few tips for home design on this very topic from Houzz. contributor
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1. Use Mirrors and Wall Paper
Create a focal point, boost light and add depth all at once by papering a wall and hanging a mirror on top.
2. Look Up
If your small living room is blessed with high ceilings, take full advantage of that extra space. Drawing the eye upward can help give the impression that your room is far larger and grander than it would seem otherwise.
3. Downsize the Sofa
In some spaces a full-size sofa just won't do. Try a slimmed-down love seat or a petite sofa on for size instead. Choose one with clean lines and exposed legs for the airiest look.
4. Build In Storage
Instead of letting lots of small pieces of furniture eat up space, bite the bullet and devote one entire wall to storage. A floor-to-ceiling storage wall can be customized to contain everything from books to a media center.
You can read the complete article here!
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Did You Know......All The Single Ladies are Investing in Real Estate?
Nationwide, 16% of home buyers are now single women, versus single men, who make up just 9%. And why is there growth in this gap?
The New York Daily News recently profiled three successful, gainfully employed, single young women who have all recently taken the plunge into NYC apartment ownership. They all cite the fact that, rather than biding time renting until they get married, they were ready and able to take this life step on their own.
To read the entire article, click here!
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Market Overview:
The East End
According to George R. Simpson, President of Suffolk Research Service, Inc., "the real estate market on the East End of Long Island is showing a healthy trend of market growth. For the five East End Towns, single family residence Unit Sales are up 3.9%, Median Prices were up 4.7% from 2nd Qtr last year, and Dollar Sales are down 1.1% over 2nd Qtr 2013 figures."
The following is a comparison of Second Quarter 2014, vs. Second Quarter 2013, by town:
East Hampton Town:
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The median sales price of $1,050,000 was a 9.9% increase.
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The number of sales of 208 was a 14.7% decrease.
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The dollar volume of sales of $398M was a 12.2% decrease.
Southampton Town:
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The median sales price of $795,000 was a 7.2% decrease.
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The number of sales of 412 was a 21.9% increase.
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The dollar volume of sales of $591M was a .9% increase.
Southold Town:
- The median sales price of $474,000 was a 11.5% increase.
- The number of sales of 102 was a 26% increase.
- The dollar volume of sales of $71M was a 73.2% increase.
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For More Info
During the Month...
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FREE Closet
Organization,
Open House, and
Moving Checklists
Download your
FREE Closet
Organization,
Open House, and
Moving Checklists.
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Home Staging Savings Calculator Instructions
Try our new
Home Staging Savings Calculator developed by the Real Estate Staging Association (RESA)
Click on the calculator above, which will launch in a new window.
For more detailed instructions, click here.
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