Elegran Insider

Elegran Insider brings you the most exciting news stories and interviews from the Manhattan real estate market. It’s the perfect handbook for weekly open house updates, NYC history, and so much more.

Elegran Insider

Elegran gives you all you need to know about Manhattan luxury real estate.

  • 2021: ONE FOR THE RECORD BOOKS OR A RETURN TO CONSUMERISM By Jason Thomas | July 29, 2021

    Elegran Insights has taken a closer look at the upswing in activity in the new development market in the first half of 2021.

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  • Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 07/26/21 By Jared Antin | July 26, 2021

    Supply and contract activity trends diverged this week in Manhattan and Brooklyn. In Manhattan, supply decreased slightly, while contract activity increased 10% compared to the prior week. While in Brooklyn, supply ticked up slightly and contract activity was down 10% compared to the prior week.The Market Pulse in both boroughs held steady this week. Overall, this market, while down from the peak activity of April and May, remains elevated from historical norms heading through the summer.

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  • 4 Major Incentives To Sell This Summer By MyKCM | July 20, 2021

    While the housing market forecast for the second half of the year remains positive, there may not be a better time to sell than right now. Here are four things to consider if you’re trying to decide if now’s the right time to make a move.

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  • Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 07/19/21 By Jared Antin | July 19, 2021

    Compared to last week, supply decreased another 1% and contract volume increased 7% in Manhattan this week. In Brooklyn, supply increased 1% and contract volume increased 41% compared to last week. The ratio between pending sales and supply, or Market Pulse, in both boroughs held steady while Manhattan and Brooklyn continue to be very active, which creates a favorable environment for sellers.

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  • 5 Things Homebuyers Need to Know When Making an Offer By MyKCM | July 12, 2021

    When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in mind when you’re ready to make an offer.

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  • Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 07/12/21 By Jared Antin | July 12, 2021

    After the shortened holiday week, overall supply and weekly contract volume decreased in both Manhattan and Brooklyn. As supply declines and pending sales remain elevated, Manhattan’s Market Pulse increased to 0.79 and Brooklyn’s increased to 1.12 and both boroughs remain solidly in a sellers market domain.

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  • Weekly Manhattan & Brooklyn Market Data For The Week of 07/05/21 By Jared Antin | July 06, 2021

    Heading into the July 4th Weekend, supply in both Manhattan and Brooklyn decreased. Contract volume declined in Manhattan and increased slightly in Brooklyn when compared week over week. In both boroughs, more listings went into contract than came to market this week, contributing to the overall decline in listing supply.

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  • Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 06/28/21 By Jared Antin | June 28, 2021

    As Q2 draws to a close, it’s been a record setting quarter in terms of contract and sales volume in Manhattan with nearly 4,500 contracts signed for a total of over $9B in sales volume. Q2 also set a record for new supply in Manhattan, while it didn’t feel like it given the strong buyer demand, and overall supply remained relatively flat. The median price in Manhattan is back to late 2018 / early 2019 levels and trending upwards.

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  • Featured Exclusive: 161 West 15th Street, 5B By Sherley Garcia | June 23, 2021

    Discover an ideal combination of traditional loft design and modern comforts. Featuring an expansive kitchen by Leicht that is brimming with high-end finishes and fittings, from the Liebherr refrigerator to the Miele stove and dishwasher; no detail has been neglected.

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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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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2021 REBNY Listing Service, Inc. All rights reserved. RLS IDX Data display by Elegran LLC. IDX information is provided exclusively for consumers’ personal, non- commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Elegran LLC may or may not be the exclusive listing agent of the properties being displayed on Elegran.com. All data displayed on Elegran.com is presented for informational purposes only and should be independently confirmed by all customers. All Information is compiled from both public and private sources including, but not limited to the RLS, MLS and ACRIS; each of which is assumed to be reliable. All information displayed is subject to errors and omissions regarding apartment specifications and final sale prices, and further, any unit listed may have had its listing withdrawn without notice subsequent to such information being compiled. No representation is made as to the accuracy of any description (ie: listing, close sale data, and/or building description) of any building or individual unit. All measurements and square footage are approximate and all information herein should be confirmed by customer and/or their attorney. Elegran LLC, its members, affiliates, and contributors adhere to New Your City, New York State, and United States Fair Housing Laws.