Happy almost spring – here is a fun fact: up until today New York has seen a total of 2.2 inches of snow this winter…

Now about real estate.
 
While the numbers and statistics In NYC show a slower start of the year and higher negotiability, the reality on the ground has been a mixed bag of deals. Some of our clients have been able to snag a 10% discount on certain new developments, while others have lost out on apartments because they didn't go high enough over the asking price in popular neighborhoods like Brooklyn Heights and West Village.

However, there are some things that remain constant in this ever-changing market. Properly-priced, fully renovated, and staged apartments tend to generate more offers and can often result in a bidding war, which is great news for sellers.

Additionally, it's important to remember that location is still king. Properties in highly desirable neighborhoods with low inventory will always command a premium, so it's important to do your research and be prepared to pay a little extra if you want to live in a prime location. Your agent is they key to giving you the right guidance, as there is not one fit all approach to this market. 
 
As we move forward, it's difficult to predict what the future holds for the New York real estate market. But one thing is for sure: the market remains active, and there are still plenty of opportunities for both buyers and sellers.
 
If you're thinking about buying or selling, don't hesitate to reach out to me. I'm always happy to share my expertise and help guide you through the process.

Sincerely,
Daniel 

Team Exclusives

148 East 24th Street, Apt 11B
Studio | 1 Bath | Full-Service Condo
Asking: $775K | Taxes: $1,008 | CC: $937

415 East 54th Street, Apt 5A
1 Bed | 1.5 Bath | 1,000 sqft
Asking $1.1M | Taxes: $1,057 | CC: $1,372

Eye on New Development