The week in real estate market reports

A weekly feature bringing you the the industry’s latest intel

New York /
Nov.November 19, 2015 12:05 PM

The latest batch of reports found that luxury home sales reached an all-time high in Queens and that average Brooklyn rents dipped in October.

Residential

Impact of 421a on future housing construction: NYU Furman Center

Reforms to 421a legislation would likely lead to an increase in profits for developers, and letting the program expire would cause fewer developments. Read the full report here.

Queens luxury home sales: PropertyShark

Luxury home sales are skyrocketing in Queens. The borough saw a total of 287 homes trade for $1 million and above during the first 10 months of 2015, an all time high for the area. Read the full report here.

October 2015 NYC residential sales: Douglas Elliman

Manhattan rents continue to climb, with the median price up 4.5 percent to $3,391 in October. Rents in the area have been rising for 21 consecutive month. Read the full report here.

October 2015 Manhattan residential rentals: MNS

The average rent for Manhattan apartments was $3,896 in October, a 2.5 decrease from September. However, average rental prices were up 3.5 percent year-over year. Read the full report here.

October 2015 Brooklyn residential rentals: MNS

Average Brooklyn rents slipped 0.9 percent from September to $2,743 in October, but the average rent rose 0.9 percent over the same period last year. Read the full report here.

Manhattan luxury contracts Nov. 2-8: Olshan Realty

The Manhattan luxury market is starting to pick up pace after a sluggish past two months. In the first week of November, 37 contracts were signed for apartments priced $4 million and above. The priciest contract signed was for a townhouse at 14 East 95th Street, with an asking price of $13.9 million. Read the full report here.


Related Articles

arrow_forward_ios
Brooklyn luxury contracts heat up in first week of October
Brooklyn luxury contracts heat up in first week of October
Brooklyn luxury contracts heat up in first week of October
Single-family home sales inched upward in August
Single-family home sales inched upward in August
Single-family home sales inched upward in August
New lease signings broke August records in Manhattan and Brooklyn, but fell short of activity seen in April, May and June as return-to-office plans were delayed. (iStock)
Manhattan, Brooklyn break August leasing records, but fall short of spring rebound
Manhattan, Brooklyn break August leasing records, but fall short of spring rebound
Leasing activity in New York City is on the rise, but there are hints of cooling as inventory and concessions fade. (iStock)
Another record month for new leases as Covid discounts dry up
Another record month for new leases as Covid discounts dry up
Bidding wars occurred in 35 percent of North Fork home sales. (iStock)
Bidding wars drive Long Island home prices to new highs
Bidding wars drive Long Island home prices to new highs
Inventory is down in Greenwich (Getty)
Half of Fairfield County home sales are above asking price
Half of Fairfield County home sales are above asking price
(iStock)
Suburban, Hudson Valley home sale prices soar in Q2
Suburban, Hudson Valley home sale prices soar in Q2
Competition for Rentals Heats Up in Manhattan, Brooklyn, Queens
Competition for NYC rentals intensifies as listings dwindle
Competition for NYC rentals intensifies as listings dwindle
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...