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Brooklyn Market Update: Seller's Advantage Softens as Demand Dips Our August report is your window into the latest trends and metrics that are shaping Brooklyn's vibrant and significant real estate market, often seen as a leading indicator for New York City's broader property trends. Using the Elegran | Forbes Global Properties' Leverage Indicator, we shed light on the market's state of play through four key metrics: * Supply * Demand * Median Price Per Square Foot * Median Listing Discount These metrics are instrumental in determining the leverage between buyers and sellers. Currently, Brooklyn is experiencing a softening of the seller's market due to a decrease in demand, impacting all housing segments from studios to two-bedroom properties. In this update, we'll dive into these critical metrics, exploring their implications for buyers, sellers, and investors. As the seller's market begins to lose momentum, new opportunities may be emerging. Let's delve into the details of this shifting landscape to unearth the underlying nuances and possibilities: https://lnkd.in/e2ryzQeX #realestate #development #contracts #manhattan #manhattanrealestate #brooklyn #brooklynrealestate #forbesglobalproperties #Elegran #reporting #newdevelopment #marketanalysis #marketreport #monthlynewsletter Forbes Global Properties

🏅 Manhattan Sees Highest Contract Signings in 10 Months, Brooklyn Breaks 9-Month Record Amidst Growing NYC Real Estate Demand The Elegran | Forbes Global Properties NYC Consumer Sentiment Index increased from +33 to +47 this week as 278 contracts were signed in Manhattan, a record in the last 10 months, and 158 in Brooklyn, a record in the last 9 months. Notably, contract signings in #Manhattan and #Brooklyn increased by 24% and 12%, respectively, compared to last week, outstripping the rise in new listings by 5% and 4% in each borough. ➡️ Buying: Expect a competitive market; act fast when you find a property you like. ➡️ Selling: Considering selling? Now is the prime time to come to market. Let’s discuss the right strategy for you and your home. ➡️ Prices: Expect less negotiability and be prepared to encounter a bidding war. ➡️ Confidence: People feel more confident about the market and macroeconomic factors, which affects decision-making. ➡️ Preparation: Get your finances in order, make those small renovations, and know the market well to compete effectively. Read more of this week's market update: https://lnkd.in/e7f36GDu #MarketUpdate #marketcommentary #NYC #nycrealestate #manhattan #brooklyn #forbesglobalproperties #whereyoubelong #mortgagerates

Manhattan Real Estate Market Snapshot - November 4-10, 2023 🏙️ : - 183 Contracts Signed: - Down 2% week-over-week. - Up 2% year-over-year. - Consistent Growth Trend: - Third time in four weeks with sales equal to or surpassing 2022 figures. - New Developments Fuel Surge: - New development sales up 56% annually. - Activity at 450 Washington and Tribeca Green major contributors. - Affordable Segment Thriving: - Sales under $1M rose YoY for the third consecutive week. - Reflects increased demand for accessible housing options. - Upper West Side Soars: - 50% YoY increase in Upper West Side activity. - Strong surge in contracts signed under $3M. In a dynamic market, these trends underscore Manhattan's resilience, with new developments, affordability, and specific neighborhood appeal contributing to a promising real estate landscape. #RealEstate #NYC #Market #November2023

🏙️ Our Vision: Elevating Real Estate Excellence in NYC🌟 At Value Truth, we're not just about buying and selling properties; we're on a mission to redefine excellence in the heart of New York City's real estate landscape. Our vision is crystal clear: to elevate the real estate experience for every client. 🏡🗽 ✨ What Sets Us Apart ✨ - Expertise: With a team of seasoned professionals, we bring unparalleled knowledge of NYC's diverse neighborhoods and property markets. - Innovation: We're at the forefront of real estate technology, using cutting-edge tools to streamline processes and enhance client experiences. - Personalization: Your real estate journey is unique, and we tailor our services to match your goals and dreams. - Integrity: We uphold the highest ethical standards, ensuring transparency and trust in every transaction. - Results: Our track record speaks for itself – we deliver results that exceed expectations. Join us on this journey of excellence. Whether you're a first-time buyer, a seasoned investor, or looking to sell your property, Value Truth is your trusted partner in the dynamic world of NYC real estate. Let's make your real estate aspirations a reality. 🌆🏠 #RealEstateExcellence #NYCRealEstate #VisionStatement #YourRealEstatePartner #ElevateYourExperience #ExpertiseMatters #InnovationInRealEstate #PersonalizedService #IntegrityFirst #ResultsDriven #DreamHomeJourney #RealEstate #HomeSweetHome #HouseHunting #DreamHome #PropertyForSale #NewHome #HouseHunters #RealEstateAgent #HomeBuyer #HomeSeller #LuxuryRealEstate #InvestmentProperty #OpenHouse #HouseGoals #RealEstateLife #RealtorLife #InteriorDesign #HousingMarket #HomeOwnership

🏙️ **Manhattan Real Estate Snapshot: Jan 27 - Feb 2, 2024** 🏙️ We're delighted to present a comprehensive overview of Manhattan's condo and co-op market dynamics for the past week. **Key Highlights:** 1. **Contract Surge:** A notable uptick with 246 contracts signed last week, showcasing a remarkable 31% WoW surge and an impressive 43% YoY growth. This surge marks the highest number of signed contracts since the second week of June 2023, underlining a robust market resurgence. 2. **Segmented Growth:** Sales under $3M experienced a substantial 52% YoY increase, reinforcing the resilience of this segment. Meanwhile, contracts over $3M maintained stability, remaining level with the same week last year. This nuanced growth pattern reflects a balanced market catering to diverse buyer segments. 3. **Regional Dynamics:** Continuing the trend from the previous week, Upper Manhattan, the Financial District/BPC, and Midtown emerged as hotspots, boasting the strongest annual gains in activity. These regions continue to be focal points for real estate enthusiasts and investors alike. 4. **Monthly Roundup:** January 2024 concluded with just under 800 contracts signed in Manhattan, marking a noteworthy 24% YoY increase. This robust monthly performance sets a positive tone for the real estate market in the upcoming months. Explore the detailed report attached for a deeper dive into the intricacies of Manhattan's real estate landscape. Stay informed, stay ahead! 🏡💼 #ManhattanRealEstate #MarketAnalysis #propertyinsights

🏙️ Manhattan's real estate market took a major hit in 2023, with sales of investment properties plunging to levels rivaling those of 2020. While the whole of NYC experienced a downturn, Manhattan was hit the hardest. Luxe neighborhoods couldn't salvage the situation, leaving the market in a gloomy state. What factors could have contributed to this decline? Share your thoughts! #ManhattanRealEstate #SalesDecline #InvestmentProperties #blog https://lnkd.in/gvPUveYc

The New York City real estate market is as dynamic and complex as the city itself. With the vibrancy of spring breathing new life into the city, we find ourselves at a critical juncture, analyzing trends and anticipating the future of both Manhattan and Brooklyn markets. 🔗Read more here: https://lnkd.in/gqSJsT5r 📈 Also, if you are curious about the real estate market in NYC you can watch our latest analysis and reports. Let us know if you have any questions, we are here to help! 🖤🌿 #realestate #NYC #agentsofcompass #thriveatcompass #forrent #forsale

🏢 Manhattan's real estate market took a major hit in 2023, with sales of investment properties plunging to levels rivaling those of 2020. While the whole of NYC experienced a downturn, Manhattan was hit the hardest. Luxe neighborhoods couldn't salvage the situation, leaving the market in a gloomy state. What factors could have contributed to this decline? Share your thoughts! #ManhattanRealEstate #SalesDecline #InvestmentProperties #blog https://lnkd.in/gvPUveYc

Unprecedented Strength in Consumer Sentiment Fuels NYC Real Estate In this week's Market Update, we focus on the impressive strength of consumer sentiment over the summer. Brooklyn has been particularly robust, counterbalancing a modest performance in Manhattan. The Elegran | Forbes Global Properties NYC Consumer Sentiment Index has slightly risen from +34 to +35. This signifies that the sentiment towards NYC real estate is now 35% more positive than the pre-pandemic period. Brooklyn steals the show with a score of +123, while Manhattan stays level at 0, mirroring pre-pandemic sentiment. Even with possible market shifts due to the return of global travel, we foresee the high demand, especially in Brooklyn, carrying on through the fall. If you're considering buying or selling, or simply a keen market watcher, continue reading for a compelling insight into the heartbeat of NYC's real estate market: https://lnkd.in/eeeENadt #realestate #development #contracts #manhattan #manhattanrealestate #brooklyn #brooklynrealestate #forbesglobalproperties #Elegran #reporting #newdevelopment Forbes Global Properties