Elegran Edge
The Real Estate Blog
What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.
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Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 06/21/21
By
Jared Antin
|
June 21, 2021
Heading into the summer market, supply is decreasing in both Manhattan and Brooklyn. Additionally, the pace of contract activity is slowing as well, although it remains considerably higher than the seasonal average. The Market Pulse (a ratio of Pending Sales to Supply), rose in both boroughs and is currently 0.81 in Manhattan and 1.05 in Brooklyn. This tells us that Manhattan is very active and Brooklyn is on fire, with buyers in both boroughs outnumbering sellers leading to frequent bidding wars.
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Don’t Wait To Sell Your Home
By
MyKCM
|
June 17, 2021
We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to make looks like, here’s an overview of what’s creating the prime opportunity to sell this summer.
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Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 06/14/21
By
Jared Antin
|
June 14, 2021
Contract activity in both Manhattan and Brooklyn rebounded this week returning to comparable levels from prior weeks. In the last week, listing supply decreased in Manhattan and increased in Brooklyn. Manhattan’s Market Pulse increased from 0.77 to 0.79 and Brooklyn’s decreased from 1.07 to 1.04.
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Should you cash in on your second home?
By
MyKCM
|
June 12, 2021
When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight.
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Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 06/07/21
By
Jared Antin
|
June 07, 2021
Given the shortened week with Memorial Day, the volume of contracts signed this week declined about 20% compared to last week, no surprise given the loss of one of the five business days. Overall supply dropped about 2.5% in both boroughs this week. The Market Pulse increased from 0.75 to 0.77 in Manhattan and from 1.03 to 1.07 in Brooklyn.
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Elegran Manhattan & Brooklyn Market Update: June 2021
By
Jared Antin
|
June 04, 2021
During the month of May, leverage continued to shift towards sellers, resulting in both increased competition amongst buyers and a high volume of activity for listings. Across all Manhattan neighborhoods discounts are decreasing, prices are firming and “COVID discounts” are a thing of the past. Competition remains fierce as Brooklyn’s Market Pulse increased to 1.08, indicating there are more apartments in contract in Brooklyn than are currently for sale.
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To Renovate or Not To Renovate Before You Sell
By
MyKCM
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June 02, 2021
When thinking about selling, homeowners often feel they need to get their home ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Here are two things to keep in mind if you’re thinking of selling this season.
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How to Make a Winning Offer on a Home
By
MyKCM
|
June 01, 2021
Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical stage of the homebuying process.
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Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 05/31/21
By
Jared Antin
|
June 01, 2021
Manhattan and Brooklyn remained active heading into the Memorial Day Weekend. While new listing supply dropped, contract activity was consistent with the previous weeks in both boroughs and the Market Pulse increased.
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3 Things To Prioritize When Selling Your Home
By
MyKCM
|
June 01, 2021
Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what.
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