|
Testimonial of the Month
"My seller had a vacant, ordinary studio to sell in a phenomenal location (13 West 13th Street). We both knew the apartment wasn't going to be shown in its best light without adding a bit of personality. Donna Dazzo was up for the task. With Donna's incredible staging, the market was able to emotionally respond to the apartment and buyers were
able to see themselves in the space. The photos brought an incredible amount of people through the door, ultimately leading to multiple offers and a sale at the asking price."
|
|
Living Area After
 Living Area After
Sleeping Area Before
Sleeping Area After
Bathroom After
Office Before
Office After
|
Market Overview:
New York, NY
"In November 2014 strong year-over-year price growth resumed in the condo market; median price, average price, and average price per square foot all saw double-digit gains. Price gains, however, in part reflect the increase in quality of available inventory and lack of lower-priced options, in addition to appreciation.
The co-op market continued to see steady overall price growth since last November with price per square foot up 4% and average price up 11%. The market still suffers a surplus of high priced inventory and dearth of product under $3MM; just 3% of sales this month were above $5MM while that price bracket makes up 18% of current inventory.
Market-wide inventory has increased since last month as well as last year, although nearly all of this growth is due to condo listings as co-op inventory remains flat."
The following is a comparison of November 2014 vs. November 2013:
Market Wide:
- Listings on Market: 6,066 is a 8% increase.
- New Listings: 1,241 is a 3% increase.
Condos:
Co-ops:
- The median sale price of $745,000 is a 7% increase.
- The average price per square foot of $1,078 is a 4% increase.
- The listed inventory was 2,715 units which was no change.
|
|
Did You Know......Holiday Trivia!!
1. Who created Rudolph, the most popular reindeer of Santa Claus?
2. Who once stole Christmas?
3. Who was the star of the movie titled, 'White Christmas'?
4. Which country was the first to use the tradition of Christmas Trees?
5. Who invented electric Christmas lights?
6. Which company made the concept of Santa Claus popular world wide?
For the answers to these questions see below, and and for more holiday trivia, read here.
|
Market Overview:
The East End
We will report on updated numbers for November 2014 in our January newsletter. |
|
Trivia Answers
1. Robert L. May, created Rudolph in 1939, when he wrote a Christmas-themed story poem to attract customers in his department store.
2. The Grinch
3. Bing Crosby
4. Germany
5. Thomas Edison
6. Coca-Cola |
Greg Mire
