July 2022 Manhattan Property Market Update

 

The key points for the July 2022 Manhattan Property Market Update are:

1. Record median sales price and highest rents ever
2. Moving away from seller’s market
3. Opportunity in completed new developments

Read full article here: July 2022 Manhattan Property Market Update

New York Property Report: Q2'2022

New York property report: Q2’2022 condo median price rose to the highest on record at $1.882 million, a 14 percent increase compared to prior year. Average sales price showed a similar trend, increasing by 15 percent to $3.045 million. Listing inventory increased by 18 percent compared to prior quarter and provided relief to the tight supply situation as the market moves away from a seller’s market.

Read full article here: New York Property Report

 

Our client's extra large 1-bedroom apartment facing north with tree-line views!

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

Buying New Condo in Manhattan, Tips for the Foreigner

Buying new condos in Manhattan is a strategy that many of our foreign clients pursue. The objectives are either for rental return or for use as vacation home. By the time a foreign investor client reaches out to me, he would have researched extensively online and have a strong understanding of the Manhattan market.

In addition, the client would have read a lot of my articles on the subject of investing in Manhattan condos.  Still, there are many questions.  Understandably, buying a condo in a different country is a major undertaking. 

Here are some tips for foreign investors: Buying New Condo in Manhattan, Tips for the Foreigner