BLOG

The 2019 Market in Review

Jan 25, 2020

The 2019 Market in Review

While prices and sales volume declined again in the final quarter of 2019, Q4 actually saw the lowest rate of decline since the fall of 2017. An uptick in activity in the last month of the year -- and another drop in interest rates at the start of the year -- hopefully leads to further stabilization in the first half of 2020. Our analysis is below, along with links to Compass’s Q4 Market reports for even more data and details. MANHATTAN A “wait and see” approach by Manhattan

Sunset Park

Sep 15, 2016

Sunset Park

Sunset Park is one of Brooklyn’s most diverse neighborhoods, with an old world, friendly vibe that residents love. The park itself serves as the perfect centerpiece for the surrounding row houses, amazing Chinese and Latin American restaurants, and offers beautiful views. Industry City and the Brooklyn Army Terminal also have begun to offer industrial co-working spaces that promise to bring the same arts and design professionals that made Williamsburg in to a world-wide brand

Stuyvesant Heights

Aug 16, 2016

Stuyvesant Heights

Bed-Stuy has seen a dramatic upswing in the real estate market over the past few years years. In the last three years specifically, the average price per square foot for the neighborhood has risen from $275 at the end of the first quarter of 2012 to $468 in the end of 2015. However, an average price per square foot of $495-$525 per square foot (depending on building type) is still almost half of Fort Greene’s $885 per square foot. Inventory is also fairly high, especially in

Prospect Lefferts Gardens

Jul 14, 2016

Prospect Lefferts Gardens

Prospect Heights has largely already seen its big boom - while prices will still slowly rise, over the past 5-7 years the area has already close to doubled in valuations. A 1 bed coop will run $550-650,000, a 2 bed $700-850,000 depending on size, and all the newer condo developments are much higher. Crown Heights has also already seen a huge rise in prices in the western areas of the neighborhood (around Franklin/Bedford/Nostrand) and although the more eastern parts are still

Manhattan Q4 Report: Coops Leading the Pack

Jan 6, 2015

Manhattan Q4 Report: Coops Leading the Pack

After the typical holiday-lag in the market, new listings have been slow to hit the market, with eager buyers fighting over meager new inventory. I recently put a one-bedroom on the market in Hamilton Heights, which was the first new listing in the area since October. It was a first-floor apartment that needed some upgrades but we ended up with several offers within hours of the first open house. Fourth Quarter Results confirm the lack of inventory -- key results from the Cor

Jun 5, 2014

2014Q2 for Manhattan and Brooklyn: Lack of Inventory Drives Up Prices on Both Sides of the River

The Second Quarter Corcoran Reports for Manhattan and Brooklyn are in! Here are a few of the key findings for Manhattan: Inventory Starting to Turn Around. Although the number of properties listed for sale remains very low (52% below the peak in Q1 2009), we are starting to see more of them. Inventory rose for the second quarter in a row. Limited Supply Buoys Prices. The continuing depressed level of available property kept the market competitive for buyers. Slower Activit

1

2 3 4 5

Follow Us