The Real Deal New York

Posts Tagged ‘home prices’

  • In 14 major housing markets across the country, home prices are climbing at a faster rate than both rental incomes and the cost of building new houses, according to a new study by Florida-based real estate valuation firm Smithfield & Wainwright. [more]

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  • home_sales_slow.jpg

    Home sales dip in New York City suburbs

    Home sales in the suburbs surrounding New York City were on the decline in the second quarter as buyers became wary of prices that crept steadily higher last year.

    The muted sales signal a return to normalcy after pent-up demand inflated the cost of buying, housing market analysts told the Wall Street Journal. [more]

  • Home flipping tumbles in New York City

    August 08, 2014 03:00PM
    196 Hancock Street sold for $2.1 million in June

    196 Hancock Street sold for $2.1 million in June

    Home flipping in New York City – which bucked a nationwide decline in 2013 – has dropped sharply this year, according to data from RealtyTrac.

    Just 3.66 percent of home sales in the five boroughs were flips during the first quarter, from 12.39 percent in the first quarter of 2013. [more]

  • 040 Upset buyers se FINAL.indd

    From left: Donna Olshan, Lauren Muss, Noel Berk and Barbara Fox

    From the June issue: Pricing property sometimes seems like trying to hit a moving target. For brokers, determining an appropriate asking price boils down to a combination of factors: Understanding the market, knowing the characteristics and trends of the neighborhood, and figuring out how the unit compares to the competition. [more]

  • Rendering of a luxury condo in Queens

    Rendering of a luxury condo in Queens

    The average sales price of a home in Queens jumped more than 10% in the first quarter of 2014 compared to the same quarter last year, according to a new report from Douglas Elliman and Miller Samuel.

    The average price of a Queens home was $429,544, up from $389,420 the year before, according to the quarterly report. This marks the highest first quarter result since 2008. [more]

  • From left: Greenwich Lane rendering and 150 Charles Street rendering

    From left: Greenwich Lane rendering and 150 Charles Street rendering

    Traditionally, Midtown’s pricey condominium towers rake in big bucks by attracting international investors — but sales are heating up in Lower Manhattan too, according to brokerage data. [more]

  • home-price-graphicFINAL

    Home prices are growing at a steady clip, but won’t return to pre-crisis highs until at least 2021, according to Clear Capital’s latest Home Data Index.

    National home prices have normalized post-bubble, Clear Capital data released Monday show, with numbers within two percent of long-run average levels. Home price growth is also in line – between three percent and five percent – of historical rates. [more]

  • Home prices in Astoria hit record high

    January 23, 2014 12:50PM
    From left: Eric Benaim , view from Astoria apartment

    From left: Eric Benaim and Astoria

    Astoria home prices are starting to look a lot like Brooklyn’s. [more]

  • 301 West 118th Street, Central Harlem

    301 West 118th Street, Central Harlem

    The owner of a penthouse condo at SoHa118 in Central Harlem is asking $4.3 million, more than any other home on the market in the neighborhood. [more]

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  • Queens co-ops lead NYC sales in Q4

    January 14, 2014 04:00PM
    New York City home sales according to the Real Estate Board of New York

    New York City home sales according to the Real Estate Board of New York

    Queens co-ops were hot in the final quarter of 2013 — in fact, hotter than in any other borough.  Co-op sales in Queens jumped 62 percent over the same period in 2012, to 1,349, to lead even Brooklyn, which saw 716 co-op sales, according to a report by the Real Estate Board of New York released today. [more]

  • Home prices on the rise in Forest Hills

    January 13, 2014 03:15PM
    72 Tennis Place

    72 Tennis Place in Forest Hills, Queens

    Home prices in a coveted Queens neighborhood hit hard by the recession are on the rise, and real estate agents credit a bidding war among families who can’t afford Brooklyn or Manhattan. [more]

  • Up-Arrow-Money-Chart

    U.S. home prices jumped $1.9 trillion in total value in 2013 — the biggest increase seen since 2005 – signifying a robust recovery since the recession, according to new data from Zillow.

    The nation’s housing stock will be worth about $25.7 trillion by the end of the year, the Zillow data show. Home prices declined a whopping $6.3 trillion between 2007 and 2011, but recovered 44 percent of that in the last two years, as the improving job market brought in more buyers and tighter inventory bumped prices up. [more]

  • Why have many of the local housing markets that were hit hardest during the bust — especially in California — bounced back so vigorously and quickly, with prices close to or exceeding where they were in 2005 and 2006? [more]

  • house-prices-up

    US home prices are rising

    U.S. home prices, including distressed sales, were up 0.2 percent on the month in October, and up 12.5 percent on the year, according to CoreLogic’s latest report.

    This was the twentieth consecutive monthly year-over- year increase in national home prices. The pace of home price growth tends to slow towards the end of the year. And adjusting for this seasonality Paul Diggle at Capital Economics points out the CoreLogic home prices were actually up 1.2 percent on the month. [more]

  • TK

    A map of changing property values in NYC

    While New York City’s home prices seem to be going in a uniform direction — up, up and up — not all neighborhoods have seen the same kind of appreciation. [more]

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  • house arrow down-280

    The number of existing home sales in the U.S. ticked down and prices rose in September.

    Previously-owned home sales tumbled to 5.29 million units last month, a 1.9 percent slip from September 2012, according to the National Association of Realtors. The median price of $199,200, meanwhile, was a 11.7 percent increase from the same time one year prior. [more]

  • Home sales in New York State leapt 17.4 percent in the third quarter, compared to the same period a year ago, buoyed by buyer concerns about rising mortgage rates and sellers’ encouragement after five consecutive quarters of price growth, according to a report from the New York State Association of Realtors. [more]

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  • Shutdown yet to hit home prices: Trulia

    October 17, 2013 11:59AM
    Jed Kolko

    Jed Kolko

    The federal shutdown hasn’t yet hurt home prices, according to the latest data from real estate firm Trulia. Nationally, residential asking prices are up one percent between September and the first half of October, seasonally adjusted, the Trulia data show. This slight increase is in line with the increases seen in recent months, according to Trulia’s chief economist Jed Kolko. [more]

  • From left: Jonathan Miller and Dan Bamberger

    From left: Jonathan Miller and Dan Bamberger

    Brokers have been asking buyers to take price-per-square-foot numbers with a grain of salt, as listings have no uniform standard for measuring square footage and are often misleading.

    Some listings, for example, may include closets, hallways and even elevator shafts as part of the square footage, while others go with simply the actual amount of usable space inside an apartment. Still, “usable” can be defined in myriad ways. [more]

  • 76126_home_prices_fall.jpg

    Economists have warned for some time now that home prices are set to slow in second half of 2013. Paul Diggle at Capital Economics points out that the pace of new home price growth is set to slow by more than existing home prices. Diggle expects this to happen for three key reasons. [more]


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