Leigh Kamping-Carder over at Brick Underground put together a pretty cool infographic that covers the sales process of a NYC apartment.
Tags: Leigh Kamping-Carder
Leigh Kamping-Carder over at Brick Underground put together a pretty cool infographic that covers the sales process of a NYC apartment.
Tags: Leigh Kamping-Carder
According the Federal Reserve Bank of New York, the NYC economy is crushing it, growing far faster than the states of New York and New Jersey.
They are using an Index of Coincident Economic Indicators:
A coincident index is a single summary statistic that tracks the current state of the economy. The index is computed from a number of data series that move systematically with overall economic conditions.
This infographic was part of an epic must-read Andrew Rice piece for New York Magazine called: The Red Hot Rubble of East New York which explores the gentrification frontier where investors and New York City’s efforts to create affordable housing are running headlong into each other.
As much as 10% of the property sales are flips and prices are up 150% over the past 2 years.
Tags: New York Magazine, Affordability, Gentrification, East New York, Bushwhack, flip, speculation
With the closing and recording of the record $100.47 million penthouse sale at One57, I thought it was time to dust-off the tall chart I created in 2012 when the prior record price of $88M at 15 Central Park West was set.
This week I ended up writing a piece about tall towers in my Bloomberg View column called Living the High Life, another one on Curbed NY for my Three Cents Worth called Proving New York’s Blockbuster $100M Sale Is An Outlier which provided some needed context for the new record sale in the following scattergraph. Note the $100.47M record sale in the upper right hand corner and then scroll down…a lot.
[click to expand]
Tags: One57, 432 Park Avenue, Tall Tower, 15 CPW, Nordstrom Tower
It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.
Check out my 3CW column on @CurbedNY:
Finally, after nearly two years of referring to the $88 million sale at 15 Central Park West as the “highest Manhattan residential sale on record,” we get a change of scenery. A new record was set with the $100.47 million sale of the penthouse at One57 recorded late last week. Timing is everything, although, in this case timing really wasn’t. I believe this sale went to contract in 2012, which would be shortly after the $88 million sale went to contract in December 2011 and closed in early 2012. While these super luxury sales are more of a circus sideshow and have little, if anything, to do with the vast majority of the Manhattan housing market, I find them surreal to consider…
My latest Three Cents Worth column on Curbed:
Three Cents Worth: Proving New York’s Blockbuster $100M Sale Is An Outlier [Curbed]
Three Cents Worth Archive Curbed NY
Three Cents Worth Archive Curbed DC
Three Cents Worth Archive Curbed Miami
Three Cents Worth Archive Curbed Hamptons
Tags: Curbed NY, Tall Tower, Breaking Excel
Read my latest Bloomberg View column Living the High Life.
Please join the conversation over at Bloomberg View. Here’s an excerpt…
Never have so many residential buildings had such lofty aspirations. Based on the number of stories in buildings worldwide that are more than 650 feet (200 meters) high, we’re in the midst of an edifice eruption. An even bigger surge is forecast for next year. The interest in what might be called pinnaclenomics has been driven by capital seeking higher returns in hard assets like luxury real estate in the world’s financial centers — especially in developing nations….
Some other related content on the tall building phenomenon:
My Bloomberg View Column Directory
My Bloomberg View RSS feed.
Tags: Curbed NY, edifice eruption, pinnaclenomics, Prashant Gopal, Oshrat Carmiel, John Gittelsohn
Came into the city on the last day of 2014 to join Deirdre Bolton on her Fox Business show Risk & Reward to talk housing rents and 2015 with a dash of $50M+ sales in New York. Always fun.
Tags: Affordability, Risk & Reward, Deirdre Bolton
Was nice to join Deirdre again to talk housing, specifically why rents are rising and buyers are falling.
Tags: Fox Business, Risk & Reward, Deirdre Bolton
It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.
Check out my 3CW column on @CurbedNY:
As 2014 winds down I thought I’d break down the year’s condo market by splitting up resales and new development closings using median sales price. Since early 2012, the new development and resale price trends have parted ways. That’s when the stalled shadow inventory that resulted from the Lehman collapse—a.ka. condos that weren’t formally offered yet and went unsold, because first batches of units didn’t sell in the midst of the financial downturn—was finally bought up or otherwise absorbed…
My latest Three Cents Worth column on Curbed:
Three Cents Worth: Why New Developments Are So Darn Pricey [Curbed]
Three Cents Worth Archive Curbed NY
Three Cents Worth Archive Curbed DC
Three Cents Worth Archive Curbed Miami
Three Cents Worth Archive Curbed Hamptons
Tags: Three Cents Worth, Curbed NY, 3CW
It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.
Check out my 3CW column on @CurbedNY:
This week I took a look at the volume of super high end sales that closed each quarter to show how out of whack current activity is when compared to longer term norms. From 2006 through 2013, the average was 21 apartments sales for $10M or higher per quarter. That’s seven per month or nearly two per week for eight years. That’s a lot of sales in this price segment…
My latest Three Cents Worth column on Curbed:
Three Cents Worth: Number of Manhattan Homes Selling for $10M+ Is Way Up [Curbed]
Three Cents Worth Archive Curbed NY
Three Cents Worth Archive Curbed DC
Three Cents Worth Archive Curbed Miami
Three Cents Worth Archive Curbed Hamptons
Tags: Three Cents Worth, Curbed NY, 3CW
Read my latest Bloomberg View column The $10 Million Home, Never Hotter. Please join the conversation over at Bloomberg View. Here’s an excerpt…
As the U.S. housing market cools from last year’s overheated state, sales of homes at the top haven’t been following the same script. Prices and sales at the upper reaches are soaring…
My Bloomberg View Column Directory
My Bloomberg View RSS feed.
Tags: $10 million
Joined Deirdre Bolton to talk about the U.S. high end development residential market. We spoke about softness at the NYC high end and how the cooling of new development doesn’t speak for the entire high end market.
Tags: Fox Business, Risk & Reward, Deirdre Bolton
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