The New York City residential sales market recorded an eight percent decrease in citywide consideration (monetary value for completed transactions) totaling $12.3 billion in the second quarter of 2018, compared with the second quarter of 2017, according to the Real Estate Board of New York’s (REBNY) Residential Sales Report. Continue Reading →
Tag Archives: John H. Banks
REBNY Report: NYC Home Sales Volume and Value Dip in 1Q18
The New York City residential sales market recorded a 16 percent decrease in citywide consideration (monetary value for completed transactions) totaling $10.3 billion in the first quarter of 2018, compared to $12.3 billion in the first quarter of 2017, according to the Real Estate Board of New York’s (REBNY) Residential Sales Report. Continue Reading →
Sales From Harlem To Hollis Market Closes Record-Breaking 2016
Rounding out a year of historic highs in average sales price and total consideration (monetary value for completed transactions) with growing activity in the other boroughs. Continue Reading →
Slowing Global Economy, Retailer Caution Result in Rising Real Estate Availability
Following the headline, record rent prices and robust growth from Harlem to Hollis that dominated the retail market in 2015, the impact of 2016’s slowing global economy, year to date, triggered a natural adjustment in the Manhattan retail real estate market in Spring 2016. Continue Reading →