Wednesday, September 30, 2009

Market Reports


A Real Estate agent's grasp of market values is intuitively based both on current asking prices and what's been observed in the past. In today's inconsistent climate it is more important than ever to study different sectors and try to understand not only where prices have been but where they're likely to go in the near future. Currently available reports are:

40s East One Bedrooms
30s East One Bedrooms
Greenwich Village Studios
Greenwich Village One Bedrooms

Why would the seller of a 2 bedroom apartment on the Upper East Side be remotely interested in prices of Greenwich Village Studios? The goal is to try to provide some idea of market conditions in Manhattan. This is more concrete than the usual quotes such as "The average price of an apartment is $1,000,000" as many in the industry have relied on in recent years.

Along the way we'll also point out some of the more interesting specifics. The Manhattan market today includes apartments that are closing for below peak prices, significantly far below peak and in a smaller percentage even far, far above peak prices.

Please feel free to email us at mark.neuwirth@gmail.com with any questions you might have.