Is now a good time to invest in Manhattan, New York residential property?

Is now a good time to invest in Manhattan residential property is a question I am often asked. Since the second half of 2022, we have been in a buyer’s market. The 2024 spring pickup didn’t really happen and the market has been going sideways. But now with Trump’s landslide victory, things are about to change.

Read the full article here: Is now a good time to invest in Manhattan, New York residential property?

Manhattan, New York Property Historical Price Trends

Median price of a Manhattan condo/coop increased from $239,000 in 1997 to $1.115 million in Q3’2024. While the graph shows the blended average of condo/coop, the median price of a Manhattan condo in Q3’2024 was $1.615 million.

Read the full article here: Manhattan, New York Property Historical Price Trends

Manhattan Property Market Update

The most recent Q3’2024 data from Miller Samuel shows average price per square foot for a Manhattan condo at $2,046. This is a 3.8 percent increase compared to a year ago.

Read the full article here: Manhattan Property Market Update

August 2024's 30-day listing success percentage, the highest August % since 2015.

Visit our website to learn more: https://www.castle-avenue.com/

Just Listed - 299 W 12 #5F

View from our 1BR rental listing at 299 W 12 #5F. The most coveted prewar condo in West Village.  Asking $8200. View the listing here: 299 West 12 #5F

Just Closed!

Just Closed! Investor client's brand new 1 bedroom unit near Gramercy Park.

Visit our website to learn more: https://www.castle-avenue.com/

Central Park condos NYC

Central Park, along with Wall Street, Times Square and Fifth Avenue, is perhaps one of the most iconic landmarks in New York City. When I get an inquiry from a foreign buyer, these locations are often mentioned because they are what people see when they envision Manhattan.

Read the full article here: Central Park condos NYC