Holly Sose at Corcoran Group Real Estate

Weekly snapshot of Manhattan condo and co-op contracts signed from December 5 to December 11, 2020. At 224 sales, last week was the fourth strongest week of 2019 Sales have now risen year-over-year for ten consecutive weeks... Sales have been higher than 2019 for 15 of the last 18 weeks Cumulatively, sales in the past 18 weeks were 8% higher than 2019 Contracts signed over $5M fell for the first time in more than a month #MarketSnapshot #HollySosetalksRealEstate #nyc #nycrealestate #weeklyupdate #buyersmarket #illgetyouhome @thecorcorangroup

Market Vibes! How’s the market? What’s selling? As per market reports there were 23 Contracts signed last week above $4MM. As per the Olshan Report, that is two more than the previous week. Condos outsold co-ops, 18 to 5, and no townhouses were in the mix. Nine of the properties were sold by developers.... Featured here, the No.1 contract was the a combination of 2 apartments sold to one buyer: a penthouse at 1228 Madison Avenue and the 16th floor below. The duplex penthouse and 16th Floor will be reconfigured into a 6,150 square-foot triplex with views of Central Park. Seven terraces total 1,719 square feet. More details on the story, DM me. . . . . . . #MarketMonday #HollySosetalksRealEstate #nyc #buyersmarket #Manhattan #realestate #corcoran #marketreport #stats #DM

Weekly snapshot of Manhattan condo and co-op contracts signed from November 28 to December 4, 2020. Signed contracts improved 19% versus the week of Thanksgiving Sales have now risen year-over-year for nine consecutive weeks... Contracts have been higher than 2019 for 14 of the last 17 weeks Cumulatively, sales in the past 17 weeks remain 7.5% above 2019 Six sales asking over $10M, most since third week of December 2019 Studio sales fell most annually while four+ bedrooms more than doubled #MarketSnapshot #HollySosetalksRealEstate #nyc #nycrealestate #weeklyupdate #buyersmarket #illgetyouhome @thecorcorangroup

November 2020: A Strong Fall Market Continued This November, sales over $5M improved while active listings moderated. Days on market climbed as several long-listed units finally sold and pricing dropped as buyers gravitated to good values. Sales improved for the third consecutive month. The strong fall market continued in November, with sales rising by double digits versus last month and last year to a nine-month high of 49 contracts signed. November started slowly with... just eight sales during election week, but the pace of sales grew to over 13 on average for the last three weeks of the month. Active listings fell versus October but remained above 2019. November was the first time in five months that the number of active listings declined versus the month prior, reverting back to typical seasonality. Nevertheless, listed inventory over $5M remains above 2019 levels due to the surge in listings experienced in the months around reopening on June 22. Days on market climbed higher. After three months in which days on market declined alongside improving sales, days on market rose significantly in November as the number of signed contracts for unitsthat spent a year or more on the market hit a four year high. Average price per square foot continued to fall. At $2,533, average price per square foot dropped versus last month and last year as the share of apartments that signed for less than $2,400 hit its highest level since 2011. Buyers generally gravitated to value this November, choosing larger apartments at lower prices per square foot. DM me for more info and to get a copy of this report. #marketreport #novemberissue #HollytalksRealEstate #manhattan #sales #realestate #buyersmarket #corcoran

Monday Market Vibes! How’s the market? What’s selling? Last week there were 21 contracts signed at $4+million. Condos outsold co-ops 14 to 2, and 5 townhouses were in the mix. ... Real Estate Geek Alert: Since September 1, 2020, 227 contracts at $4+ million compared to 219 during the same period in 2019. Why did this happen? Low interest rates, a reduction in prices, a hot stock market, and optimism about a vaccine Many of the buyers are New Yorkers. Who obviously believe in the city’s eventual recovery. Featured here, the No.1 contract was 58A at 157 West 57th Street, asking $22.5 million. The building was designed by Pritzker Prize-winning architect Christian de Portzamparc, with interiors by Thomas Juul-Hansen. Residence #58A at One57 Spectacular Central Park Views and Modern Design Three Bedrooms / Four Baths / Powder Room / 4,483 sqft This 58th floor "A line" residence at One57 offers spectacular views of Central Park and New York City throughout. More details on the story, DM me. #MarketMonday #HollySosetalksRealEstate #nyc #nycrealestate #weeklyupdate #buyersmarket #illgetyouhome @thecorcorangroup