April Newsletter

 

Dear Friends,

 

As the spring market enters into full gear, we continue to stabilize from the buying frenzy of over a year ago.

 

The median sales price slipped year over year for the second time since the pandemic era began but still remains slightly above pre-pandemic levels of 2019 according to the Douglas Elliman first quarter market report.

 

Nearly flat inventory remains a major driving force except in the luxury market where sales above 4 million faired well with bidding wars increasing by 11%.

 

Douglas Elliman's Public Relations department recently released their latest national press report numbers for 2022, produced by the news monitoring service, Meltwater. Between January 1, 2022 - December 31, 2022, Douglas Elliman appeared in 34,593 articles with a potential reach of 167 Billion, equating to an ad value of $1.5 Billion.

 

Upper West Side, Manhattan, NY

$16,000
3 Beds | 3 Baths | 0 Partial Baths | Residential Lease

 

3br 3-bath UWS condo with massive private terrace! Available 6/16/23 Condo #705 is a spacious, private, three-bedroom, and three-bathroom luxury residence at one of the most desirable Upper West Side condominiums, 101 West 87th Street. With white glove service, the apartment is the first unit across from the elevator on the 7th floor allowing seamless access from the lobby to the unit. Featuring its own beautiful and private south-facing terrace complete with a large storage shed, this carefully laid out home combines city and outdoor living at its finest. Furthermore, the residence features oversized windows with sprawling, open southern, eastern, and western exposures for amazing natural light and wonderful views. Upon entering, you are welcomed by an expansive living and dining room with an open chef's kitchen. The custom kitchen has paneled white oak cabinetry along with top-of-the-line appliances: a vented Bertazzoni stainless steel oven with a five burner range, a Liebherr refrigerator, and a Bosch dishwasher. The island and kitchen countertops are polished snow-white quartz. There is a separate bedroom wing with each bedroom having open city views and large closets. The second bedroom has an ensuite full bathroom as well as the master which has a luxurious large bathroom. This apartment has wide plank oak floors throughout, custom lighting, many custom closets, and remote-controlled shades in the master bedroom and part of the living room. Finally, there is a separate laundry/utility room with a washer and dryer for your convenience. No pets allowed! 101 West 87th Street has fantastic amenities which include a wonderful and professional 24-hour attended lobby, live-in resident manager, cold storage, package room, bike room, and additional laundry. The fully outfitted gym with an attached playroom faces the inner courtyard planted garden as does the lovely resident's lounge. Residents can also enjoy the gorgeous roof deck. Located only one block from Central Park this apartment is preeminently located and is a true Upper West Side gem.

 

Whatever your real estate questions might be, I am available to advise you. Please don’t hesitate to connect with me. The next move is yours!

 

All of the best,
Keren