Manhattan Condo Living

Are you looking for NYC Listings in Manhattan?  NYC Listings for property in Manhattan can be emailed directly depending on your search criteria.  We have access to all of the NYC Listings in Manhattan.  If you are just starting your search or would like a detailed analysis of the properties that are of interest to you, we can provide all of the information you need for your NYC Listings search.

Your NYC listings search begins at looking at property that meets your personal criteria.  As your search becomes more serious and you are interested in making offers on potential apartments, having the tools at your disposal to make an educated buying decision becomes more important.  One of these tools is the Market Absorption Rate.

• Definition of Absorption Rate: Number of weeks/months it takes to sell the current inventory at the present rate of sales

3 Important Factors to Consider:

1. Manhattan does not have a MLS so tracking the total amount of inventory is not an exact science, different websites give different numbers, so based on what set of data is used will ultimately determine different absorption rates
2. How is the current present rate of sales determined?  Once again this is a rate that depends on the source material used, there are many different places and figures giving the current rate of sales for Manhattan.
3. Absorption Rate is a trend.   From week to week, month to month this number will change and is based on a number of factors that need to constantly examined.

Why is Absorption Rate Helpful to You?

• It will allow you to know when a real estate market most favors buyers or sellers with actual evidence?
• If you are looking to sell, the market absorption rate will help you identify a factual time period it will take to sell your property based on your price point
• Absorption Rates will indicate whether the local market is a buyers market, sellers market or a neutral market.

The question an absorption rate answers is "Is the inventory in a given market expanding or shrinking? "

If you are looking for a NYC listing follow the link.   If you would like to receive the Hot List of NYC Listings click here!
For more information about NYC Listings in Manhattan go to our blog.

NYC Listings - Searching for an Apartment is not the easiest task to do if you are not familiar with Manhattan New York Real Estate market.

NYC Listings, Are you interested in buying or renting an apartment in Manhattan? Well if you have started your search you have already realized that searching for NYC listings is not as easy it appears.  The search for a rental apartment and a sale apartment are going to be two quite different processes.  What makes the search difficult is that Manhattan does not have a MLS like almost every other part of the country.  So how do you conduct a comprehensive search?

Finding your perfect NYC Listing is not as easy as you think because complete information is hard to decipher.  The real estate companies websites do not share NYC Listings.  You can't go to Elliman's website and see Corcoran's listings like you could in a MLS setting.  So you have to go to each company's website to set up a search.  The question is what about the smaller companies that have their own listings, those properties are slipping through the cracks because you are not searching on their platform.

Step 2, go to a website like NYTimes, trulia, OLR, or Streeteasy.  These websites are sort of like a MLS website where they compile a more comprehensive list of all the cooperating brokerage firms.  Once again, not all companies have the reach to send their listings to these sites or update the information of their listings regularly, so listings are still falling in the cracks, but these sites definitely have some innovative search criteria and capability.  Their is lag time between when these websites get a new listing or when a listing changes price, so by the time these websites get the information if a listing was priced very well it can already have offers on it.  If you are looking for a super competitive price point or segment of the market this is something to consider.

Or you can work with a broker who has access to all of the NYC listings available.  We have a comprehensive list from all of the firms that belong to the Real Estate Board of New York (REBNY).  If you ask a broker to conduct a search for you they will do so based on the information you give them.  Something to keep in mind is that not all broker's skill at searching for properties is the same.  Being able to tweak a search will enable them to find that property that could work for you based on your original criteria.

To Read Our Home Buyer Blog Series:

1. NYC Listing:  KNOW YOUR PRODUCT-PART 1 OF 5
2. NYC Listing: KNOW YOUR BUYING POWER-PART 2 OF 5
3. NYC Listing: KNOW THE FINANCIAL REPORT OF THE BUILDING-PART3 OF 5
4. NYC Listing: WHO MANAGES THE BUILDING - PART 4 OF 5
5. NYC Listing: BUYING WITH YOUR HEAD AND YOUR HEART - PART 5 OF 5

We also have a list of NYC listings that we consider "Hot Properties." These are properties that as brokers we deem as exceptional values in todays market.  This is a great list to see some of the best priced properties within different market segments throughout the city.  Contact us today to have your own customized search for all NYC listings.  Contact us (917)837-8869 or Morgan.Evans(@)elliman.com today to receive the monthly HOT Properties list.