The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

TRD New York /
Feb.February 24, 2016 03:10 PM

Did you know that a recent report found that residential sales for both co-ops and condos slumped in January? Or that the price for new developments in Long Island City is soaring? Check out all that and more in our roundup of the past week’s real estate market reports.

Residential

Luxury sales trends: StreetEasy

The median resale price for Manhattan’s luxury homes fell 0.3 percent in December, the seventh consecutive month of price decline. Brooklyn’s luxury market is experiencing a similar fate. Read the full report here.

January 2016 Manhattan residential sales: Citi Habitats

Residential sales slowed in January in both the condo and co-op markets. Condo signings slumped 17 percent year-over-year and co-op signings fell 19 percent over last year. Read the full report here.

February 2016 LIC new development sales: Halstead Property Development Marketing

The average price per square for closed new condominium sales in Long Island City climbed 49 percent from 2010 to 2015. New development projects averaged $1,032 per square foot last year. Read the full report here.

NYC home lending: Association for Neighborhood and Housing Development, Inc.

Lending from the four major banks — Chase, Citibank, Bank of America and Wells Fargo — is steadily declining. The banks combined to provide 45 percent of loans to New York City homeowners, compared to 50 percent in 2011. Read the full report here.

Commercial

December 2015 NYC multifamily sales: Ariel Property Advisors

Multifamily sales hit $6.55 billion in December, largely on the strength of Blackstone’s $5.3 billion purchase of Stuyvesant Town — Peter Cooper Village. Excluding this sale, dollar volume was down 31 percent compared to the same period in 2014. Read the full report here.

Q4 2015 Broker confidence: REBNY

Broker confidence slipped for the the fourth consecutive quarter and commercial brokers are growing the most wary over concerns about the national and international economy. Read the full report here.

To view more market reports, check out the new TRData page.


Related Articles

arrow_forward_ios
28 Liberty Street (Wikipedia)

Manhattan’s office leasing sees busiest month since January

Manhattan’s office leasing sees busiest month since January
Maison Kayser (Photo via Tools of Men via Flickr)

Maison Kayser may bid New York adieu

Maison Kayser may bid New York adieu
Newmark’s Brian Waterman with 7 Hanover Square (Google Maps, Twitter)

Newmark nabs REBNY prize for deal with NYC Health + Hospitals

Newmark nabs REBNY prize for deal with NYC Health + Hospitals
The legislation from a City Council member introduced a bill to temporarily repeal the commercial rent tax for businesses during the Covid-19 state of emergency. (Getty, iStock)

Commercial rent tax cut introduced in City Council

Commercial rent tax cut introduced in City Council
Michael Rudder, James Nelson, 141 Wooster Street and 633 Third Avenue (Google Maps)

The Outlook: Industry experts break down Manhattan’s office condo market

The Outlook: Industry experts break down Manhattan’s office condo market
Peter Nicoletti and Colliers' David Amsterdam

Colliers taps JLL’s Peter Nicoletti to lead capital markets

Colliers taps JLL’s Peter Nicoletti to lead capital markets
City Council member Keith Powers (Getty)

Pol, biz groups: Suspend rent tax, extend outdoor dining

Pol, biz groups: Suspend rent tax, extend outdoor dining
Only 9 percent of workers had returned to Midtown and 8 percent to Downtown. (iStock)

Where is everybody? City workers still home

Where is everybody? City workers still home
arrow_forward_ios

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

Loading...