Manhattan Condo Living

Eileen Hsu (許小姐) and Morgan Evans, the new generation of Real Estate Professionals. We specialize in Manhattan Condos, including: Resales, New Construction, Pre-Construction and Foreign Nationals buying Manhattan New York Condos. Contact us at (917)837-8869 or (646)644-6929 Today.

Manhattan New York Year End Market Report/2014 Thoughts

Manhattan New York Year End Market Report/2014 Thoughts

It's the end of 2013, pretty much everybody is now home for the holidays and its the perfect time to reflect on what happened in 2013 and to look ahead to 2014. 

In 2013, we saw historic lows for apartment inventory, a frenzied pace of sales volume, a market dominated by all cash and multiple offers, and new construction condos selling as fast as they were released. Basically almost anything priced relatively decent with a few attractive features would receive tremendous interest.    
 
Looking at the 2014 predictions, we see concerns about interest rates increasing, the impact of the new mega-development projects that are now breaking ground, how the new administration will affect New York City real estate, and just how much demand will there be for the high end luxury market. 
 
We see this discussion of the demand for the high end luxury condomonium market a lot with our buyers. We brought many of our buyers to these new condominium projects, most that will not be completed until the end of 2014 or early 2015.  We follow these new construction projects and we see what looks like a lot of projects that are in various stages of completion.  The trend seems to be smaller projects in the number of units available in the buildings, price points catering to the upper range of the luxury segment, and often  the mix of apartment sizes tend to favor larger 3 or 4 bedroom apartments.
 
The buildings that sold out extremely fast in 2013 shared some common characteristics, most importantly location.  Neighborhood is still everything and a new condominium being built in what is an already established location continues to see more demand than what is currently available.  Buildings like 150 Charles Street in the West Village, 56 Leonard Street in Tribeca, 10 Madison Square West in the Flatiron Neighborhood, all saw a lot of demand and are well positioned as prime condominiums in their respective neighborhoods.
 
We are expecting a continued demand for re-sale condominiums, because new construction price points are typically much higher than already built condominiums.  Many of our listings this year and we expect this to remain in 2014 , saw tremendous interest and multiple offers when coming available at market prices.  
 
Call us if you would like to invest in Manhattan New York Real Estate and we can discuss in detail of what you are looking for. (917)837-8869.

 

 ____________________________________________________________________________

 

Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)

Our team specialize in Manhattan New York Condominiums, townhouses, and condops.

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 goals.

Manhattan New York Condo Specialists or Chinese Speaking Real Estate Agent

 

Comment balloon 9 commentsEileen Hsu • December 21 2013 11:29AM
Manhattan New York Year End Market Report/2014 Thoughts
share
Manhattan New York Year End Market Report/2014 Thoughts It's the end of 2013, pretty much everybody is now home for the holidays and its the perfect time to reflect on what happened in 2013 and to look ahead to 2014. In 2013, we saw… more
West Village Neighborhood Two Bedroom Condos for Sale
share
West Village New York Neighborhood Two Bedroom Condos for Sale The West Village Neighborhood as of July 2012 has a select number of Two Bedroom Condos for Sale. Most of the Two Bedroom Condominiums for Sale in the West Village neighborhood… more
Manhattan Midtown East Condo Market Report
share
Manhattan Midtown East Condo Market Report Manhattan Midtown East is one of those Manhattan neighborhood that has good amount of One Bedroom Condo inventory. Midtown East is surrounded by different neighborhoods such as Murray Hill, Sutton… more
75 Wall Street condo in Financial District - IN CONTRACT
share
IN CONTRACT - 75 Wall Street condo in Financial District 75 Wall Street is conveniently located on Wall Street in Financial District of Manhattan New York near the East river. The building boast Lofty ceilings are 10 feet high and 6 foot tall… more
155 West 68th Street One bedroom Condo for rent $3, 175
share
155 West 68th Street #702 ONE BEDROOM APARTMENT For Rent $3, 175 (UPPER WEST SIDE New York) Sunny 1 bedroom condo unit for lease in 155 West 68th Street also known as Dorchester Towers Condo. Dorchester Towers Condo is a wonderful… more
JUST SOLD AGAIN--242 East 25th Street Condop Manhattan New York
share
JUST SOLD AGAIN---Best Condop 242 East 25th Street in Downtown Manhattan New York 242 East 25th Street newly constructed Condop building located in Kips Bay that is close to restaurants, cafe, grocery and transportation. This… more
IN CONTRACT----Best Condop in Downtown Manhattan New York
share
IN CONTRACT--Best Condop in Downtown 242 East 25th Street Manhattan New York 242 East 25th Street newly constructed Condop building located in Kips Bay that is close to restaurants, cafe, grocery and transportation. This is a… more
Upper West Side 155 West 68th Street #702 ONE BEDROOM APARTMENT For…
share
Upper West Side 155 West 68th Street #702 ONE BEDROOM APARTMENT For Rent Delightful one bedroom condo apartment for rent in Dorchester Towers Condo located at 155 West 68th Street. Dorchester Towers Condo is a popular condo building in the… more
Empire State Building view Condos in Manhattan New York
share
Empire State Building view Condos in Manhattan New York These condos with Empire State building view are very hard to find in Midtown Manhattan NY. In Manhattan New York housing market, about 85% or more of the properties or residential… more
What is Pied-à-terre in Manhattan New York
share
What is Pied-à-terre in Manhattan New York Many Manhattan New York buyers read through online property description and they will see a phrase "Pied-à-terre"commonly used in the property description, often they are not familiar what… more