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.

Articles about "NYC Real Estate Trends"

  • 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 07/12/21 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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  • The Luxury Market is attracting New Customers This Year By Sarah Cusack | March 18, 2021

    Buyers used to care about how close their apartment was to work or if the neighborhood had a good nightlife. But with the pandemic many buyers care more about square footage, office space or outdoor space. This shift in buyers priorities due to the pandemic has caused for there be an increase in interest in the luxury real estate market. The renewed interest in the luxury market combined with record low mortgage rates has driven the luxury market to have one of its strongest years since 2008.

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  • Elegran Manhattan Market Update: November 2020 By Jared Antin | November 04, 2020

    October has proven to be a pivotal month for the Manhattan real estate market and the pendulum is starting to swing… a little bit. The change in overall supply and the increase in contract activity are signs that leverage may be shifting from a buyers market to a more balanced one. This won’t happen

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  • Elegran Manhattan Market Update: October 2020 By Jared Antin | October 07, 2020

    September kicked off a busy fall season with an influx of post-Labor Day new listings and robust sales transactions. The Manhattan sales market continues to be driven by local buyers with coop contract activity significantly higher than condo contract activity and 78% of the contract volume under $2M.

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  • Homebuyers Take Advantage of NYC’s Weak Luxury Market By Laura Schier | February 28, 2020

    Buyers are currently taking advantage of the low prices in NYC's luxury sales market. Learn more here.

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  • tribeca newsletter Proposed Tax Reform Plan Could Impact NYC Luxury Homeowners By Laura Schier | February 21, 2020

    City officials have recently proposed a new NYC tax code that would affect over 90 percent of homeowners. How might this affect those living in luxury NYC homes?

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  • Soho and Tribeca Ranked Among NYC’s Priciest Rental Areas By Sean Keeley | February 14, 2020

    A recent Streeteasy report revealed that certain blocks in Soho and Tribeca have some of the highest rental prices in Manhattan. Find out what these trends mean for NYC renters.

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  • Elegran Market Update: January 2020 By Laura Schier | February 11, 2020

    The market pulse is on the rise in NYC's residential market, with higher demand and contract activity. Find out how these recent trends are affecting buyers, renters, sellers, and investors.

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  • Manhattan Luxury Home Prices Fall to Six-Year Low in Q4 2019 By Laura Schier | January 24, 2020

    With significant price drops and a high surplus of homes remaining on the market, Manhattan's luxury market is currently leaning in favor of buyers.

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