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"
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The Luxury Market is attracting New Customers This Year
By
Sarah Cusack
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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
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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
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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
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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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Proposed Tax Reform Plan Could Impact NYC Luxury Homeowners
By
Laura Schier
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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
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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
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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
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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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NYC's Luxury Rental Market is On the Upswing
By
Laura Schier
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January 13, 2020
December was a successful month for NYC's luxury rental market, with high-end rentals seeing significant price hikes year-over-year. What does this mean for potential luxury renters?
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Which NYC Neighborhoods Are Selling the Fastest?
By
Kristina Kennedy-Aguero
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November 29, 2019
A recent study analyzed how long homes in NYC stayed on the market during the third quarter. Find out where homes are selling fast and where they tend to remain on the market.
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