August turned out to be a surprisingly strong month for Manhattan real estate, with 831 contracts signed. That's higher than previous two years.
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As we begin 2024, New York City real estate has been in a "buyers' market" for the past 18 months. Homes are selling at a slower pace and lower prices compared to the exuberance of the initial post-lockdown period a couple of years ago.
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Some sales mean even more to us than others. Yesterday was the closing of our listing at 2 5th Ave., apt. 14C. The seller lived there over fifty years and was moving into assisted living. Unfortunately, the apartment had been neglected for many years. We rallied our team and got to work.
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