Dear Friends,
I hope your summer was good and relaxing and framed by wonderful memories.
🍅 Buyers will have more opportunities on the horizon for the coming months of 2024. With mortgage rates pending a decline and an increase in new listings, buyers who had been hesitant now demonstrate a renewed sense of interest to find the perfect home. Although this shift in the market is expected to bring more competition, we are seeing an increase in new contracts and fewer days on the market, indicating a renewed sense of urgency among buyers.
🍅For the first time since 2019, the number of new condo listings in early summer has outpaced new co-op listings. This trend highlights a growing preference for the flexibility that condos offer.
🍅Brooklyn’s resale condo market is heating up. Compared to last year, successful sellers in Brooklyn are positioned to achieve higher profits, outperforming other boroughs.
In Contract!
685 Fifth Ave, Apartment 15A
Midtown, Manhattan, NY
3 Beds | 3 Baths | Residential
I am proud to have put the second most expensive apartment in NYC into contract last week. Last asking $22,050,000
216 East 47th Street 24B
Turtle Bay, Manhattan, NY
1 Bed | 1 Bath | Residential
This renovated 1 bed at the Octavia with a fantastic view from a private balcony is now in contract. Last asking $849,000
This update highlights the latest trends and shifts in the real estate market, to help you navigate the evolving landscape.
Whatever your real estate questions might be, I am available to advise you. Please don’t hesitate to connect with me.
All of the best,
Keren
