ποΈ What's Happening in NYC Real Estate Post-Labor Day? ποΈπ‘
September is typically when the NYC real estate market gets busy π. However, it's not yet clear how active buyers are π΅οΈββοΈ. Luxury sales have slowed, with just 10 contracts signed for $4M+ last week π.
According to Bernstein data, cities hosting her concerts saw a whopping 4% boost in average revenue per room, surpassing the national average. Year-over-year revenue? Up over 7%! π It's official β Swift's impact is "Swiftonomics." πΆπΌ #TaylorSwiftImpact π°#realestateagent#nyc
π It's that time of year again! Soon, all the vacant retails stores will transform in to Spirit Halloween stores!! π π»
When I had first moved to the US, that would always surprise me but I love the feeling of celebration that it brings!
#Halloween#realestate#nycrealestate
ποΈπ Interesting Read for Manhattan Real Estate Enthusiasts πποΈ
If you're intrigued by the Manhattan real estate market, this article from The Real Deal is worth reading.
π Article Link: [Manhattan's Priciest Resales Trounce New Development] (https://t.co/IftH0pNJUX)
π Personal Opinion: It's not surprising that resale properties are taking the lead. Many new developments often lack the character and charm of established neighborhoods, which can be a significant factor in buyers' decisions.
ποΈ Manhattan Luxury Market Highlights ποΈ
Last week, Manhattan's high-end real estate market saw a surge with 18 contracts signed for properties worth $4M and above, up by 7 from the previous week. These deals included 11 condos, 5 co-ops, and 2 townhouses.
The top contract was for the 79th floor at 432 Park Avenue, offering 8,055 SF with 5 bedrooms, 5 baths, 2 powder rooms, and stunning Central Park and river views, priced at $92M.
π¨ The Times Are Changing for NYC Airbnb Rentals! π¨
π Big shifts are underway in NYC's short-term rental scene, and it's crucial to stay in the know about what's coming.