While Halstead Property’s second-quarter market report showed a startling 53 percent decrease in sales from the same time last year, Jill Sloane, an executive vice president at Halstead, says she has seen a significant uptick in activity.
She recently negotiated eight sales and one rental deal in Manhattan during a nine-week period ending early this month. Five of the sales are on the Upper West Side and range in price from $1.3 to $1.9 million; three units are in Harlem with prices in the $500,000 range. The rental unit is also in Harlem and is going for $6,500 a month.
“I’ve been working seven days a week, but I only deal with serious buyers that are finding these properties to be an absolute opportunity,” Sloane said. She said buyers are taking advantage of the low interest rates in the $500,000 price range and savings of at least 20 percent in the pricier range.
“If you’re out there working, people are out there willing to buy,” Sloane said.