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Manhattan Weekly Market Update - January 14, 2022

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Manhattan Weekly Market Update January 14, 2022 A weekly real-time narrative on all the talking points you need to know about the Manhattan Real Estate market as it happens.   Get ahead of the curve and deliver the right message to your clients with this week's market update. Today's highlights from  UrbanDigs: Supply showing early signs of bottoming Pending sales stay in a sideways pattern A look at the weekly numbers A developing supply problem? A look at sold at/above asking price stats WOULD YOU LIKE TO KNOW MORE? PLEASE CONTACT US! IT IS OUR PLEASURE TO ASSIST YOU! THANK YOU!  Fernando & Team Fernando Branco , GRI, ABR, CNE PRINCIPAL BROKER Residential Real Estate Commercial Sales & Leasing  Graduate Realtor Institute (GRI)  Accredited Buyer Representative (ABR)  Certified Negotiator Expert (CNE) Fernando Branco Realty 162 Huntington St, Ste 1R, Brooklyn, NY 11231 c: (212) 321-0115 e:  Team@fernandobrancorealty.com Working by referral. Let us help you find a home t

Brooklyn Weekly Market Update - January 10, 2021

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Brooklyn Weekly Market Update January 10, 2022 A weekly real-time narrative on all the talking points you need to know about the Brooklyn Real Estate market as it happens.   Get ahead of the curve and deliver the right message to your clients with this week's market update. Today's highlights from  UrbanDigs: Supply ticks up for the first time since Fall Pending sales mixed, ticking higher Weeklies suggest a liquidity sell signal Brooklyn price action To download charts used in this video, please visit our  Weekly Reports  section on the NEW UrbanDigs Dashboard. WOULD YOU LIKE TO KNOW MORE? PLEASE CONTACT US! IT IS OUR PLEASURE TO ASSIST YOU! THANK YOU!  Fernando & Team Fernando Branco , GRI, ABR, CNE PRINCIPAL BROKER Residential Real Estate Commercial Sales & Leasing  Graduate Realtor Institute (GRI)  Accredited Buyer Representative (ABR)  Certified Negotiator Expert (CNE) Fernando Branco Realty 162 Huntington St, Ste 1R, Brooklyn, NY 11231 c: (212) 321-0115 e:  Team@f

Manhattan Weekly Market Update - January 7, 2022

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Manhattan Weekly Market Update January 7, 2022 A weekly real-time narrative on all the talking points you need to know about the Manhattan Real Estate market as it happens.   Get ahead of the curve and deliver the right message to your clients with this week's market update. Today's highlights from  UrbanDigs: Supply constraints continue as listing season approaches Pending sales showing relative strength A look at the weekly numbers Surplus of demand (contract activity) measured WOULD YOU LIKE TO KNOW MORE? PLEASE CONTACT US! IT IS OUR PLEASURE TO ASSIST YOU! THANK YOU!  Fernando & Team Fernando Branco , GRI, ABR, CNE PRINCIPAL BROKER Residential Real Estate Commercial Sales & Leasing  Graduate Realtor Institute (GRI)  Accredited Buyer Representative (ABR)  Certified Negotiator Expert (CNE) Fernando Branco Realty 162 Huntington St, Ste 1R, Brooklyn, NY 11231 c: (212) 321-0115 e:  Team@fernandobrancorealty.com Working by referral. Let us help you find a home too!!

Manhattan Annual 2021 Market Review - December 24, 2021

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2021 Year-End Report Manhattan Luxury Market Update The Luxury Market was on fire in 2021!  1,877 Contracts were signed at $4 million and above, totaling $15,912,375,308 which is a record-shattering number going back to the early 2000s. It is almost three times the number of transactions in 2020 and double the number in 2019.  The totals for signed contracts and overall volume are about 30% higher than the highest years of 2013-2015.  The biggest pandemic trend was to go for bigger places! Size was very important more than ever! In 2020-2021, the average size of Lux condo deals was larger than 2,900 square feet, which is about 5% larger than the previous 7 years.  Size was very important in townhouses as well. There were 212 contracts signed in 2021. Way more than the record of 153 transactions in 2014.  The $10M and higher lux property market had 400 contracts signed in 2021, which is extremely higher than the record 270 transactions in 2014. The majority of these properties had over

Brooklyn Weekly Market Update - December 20, 2021

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WOULD YOU LIKE TO KNOW MORE? PLEASE CONTACT US! IT IS OUR PLEASURE TO ASSIST YOU! THANK YOU!  Fernando & Team Fernando Branco , GRI, ABR, CNE PRINCIPAL BROKER Residential Real Estate Commercial Sales & Leasing  Graduate Realtor Institute (GRI)  Accredited Buyer Representative (ABR)  Certified Negotiator Expert (CNE) Fernando Branco Realty 162 Huntington St, Ste 1R, Brooklyn, NY 11231 c: (212) 321-0115 e:  Team@fernandobrancorealty.com Working by referral. Let us help you find a home too!!

Manhattan Weekly Market Update - November 5, 2021

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Weekly Manhattan Luxury Market Update - Oct 25, 2021 Forty-seven contracts were signed at the $4 million and above, which is only 3 fewer than we had on that previous week.   Quick Stats:  - 31 Condo Units with an average asking price of $8.1M and an average $/sqft of $2,999. - 10 Coop Units with an average asking price of $8.3M. - 6 Townhouses with an average asking price of $7.7M and an average $/sqft of $1,562.  - The overall average asking price: $8.1M. - The median asking price: $5.9M. - The total average listing discount: 8%. -The average number of days on the market: 452. October is starting at a very high pace for contracts signed! There were 184 signed contracts in the past 4 weeks at $4 million and above.   This past week, for the 14th time this year, there were 40 or more contracts signed at the luxury market price point.  WOULD YOU LIKE TO KNOW MORE? PLEASE CONTACT US! IT IS OUR PLEASURE TO ASSIST YOU! THANK YOU!  Fernando & Team Fernando Branco , GRI, ABR, CNE PRINCIPA

Brooklyn Weekly Market Update - November 1, 2021

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