Friday, October 22, 2021

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

 

The Manhattan, New York residential property market is recovering from Covid and currently it’s a seller’s market. This is driven by low mortgage rates, pent up demand from 2020, the economic recovery and overall optimism as more than 70 percent of New Yorkers have been vaccinated. The streets of NYC feel very normal these days and will be 100% when everyone is back at the office.

Tuesday, October 19, 2021

Manhattan Condo Historical Price Trend

 

Graph above shows historical appreciation trend of Manhattan residential condominiums in terms of average price per square foot. In Q2’2021 and Q3’2021, prices increased to $1,921 and $1,881 per sqft respectively. Sales volume in Q3 was the highest in 32 years, driven by low mortgage rates, pent up demand from 2020 and reopening of the New York economy. Read full article here: Manhattan Condo Historical Price Trend

Friday, October 15, 2021

Investing in Chelsea

 

Manhattan property agent Weimin Tan on notable Chelsea and West Chelsea condo developments including upsides and downsides.

Chelsea is among the Manhattan, New York neighborhoods with the most entertainment, art galleries, dining and nightlife.  This beloved neighborhood is situated on the west side of Manhattan, between 14th and 23rd Streets from south to north, and between 6th and 12th Avenues from east to west.


Read full article here: Investing in Chelsea

Wednesday, October 13, 2021

October 2021 Manhattan Property Market Update

 


3-minute October 2021 update on Manhattan property market by Wei Min Tan. Key points to note are:

1. Q3 sales volume highest in 32 years
2. Growth in $4M+ apartments
3. Inventory down

Saturday, October 9, 2021

Tech firms expanding in Manhattan

 


Google, Roku and Microsoft are among the tech firms in talks on expanding in Manhattan. Amazon and Facebook have also explored options to expand their offices.

Read full article here: Tech firms expanding in Manhattan