Whether you are looking in Greenwich Village, the East Village or The West Village the condominium market is extremely active right now. If you are looking for a 1 bedroom condominium you are going to run into a lot of competition from other buyers.
If an apartment comes on the market and it's priced well, we are seeing multiple offers come in quickly. I have experienced a number of different apartments come on the market, the first open house is very busy and then the offers come in. Often it is the all cash offers that have the most chance of getting accepted before the financed deals.
This is especially true in the one bedroom condo market, where there is a high demand. There are a limited supply of condominium buildings in these neighborhoods, so when an apartment comes available there is a pent up demand during this spring season.
If you are a buyer looking for a 1 bedroom, studio, 2 bedroom or larger condominium apartment this is a competitive market so you must act fast because the most prime of apartments will move quickly. What you want, a well priced renovated condominium, is what a lot of other people want too. If you need to get financing, make sure you have qualified yourself with the bank and this will give you a fighting chance if there are multiple bids for an apartment. I encounter buyers who think they can make any offer they want and the seller should be happy to have received it, but that is not the case for this type of product. There is very little supply and what I see as a high demand, paying the asking price is something that you may have to do.
If you are interested in purchasing a condominium in Greenwich village, the West Village, the East Village, or Union Square neighborhood contact us today, at 917 837 8869.
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Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)
We specialize in Manhattan New York Condominiums, townhouses, condops and cooperatives. We are condominium residents ourselves so we understand the Manhattan New York condominium community. We also enjoy all Manhattan neighborhoods, especially Upper West Side, Lincoln Square, Midtown East, Murray Hill, Financial District, Chelsea, Fifth Avenue, Greenwich Village, Nolita and etc just to name a few. If you or you know someone that may be interested in selling, buying or leasing their Manhattan New York condo, call us today (917)837-8869 or (646)644-6929 and we can discuss your specific Real Estate needs in private. Thank you.
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