The Year in Review for NYC!
2021 was about a bounce-back for NYC.
2021 was the highest transacted market since records have been kept for NYC.
2021 was about the luxury market having its strongest year ever.
It was about deals and more deals, and more deals….(and no days off!)
It was about many sellers being frustrated and misunderstanding the market (but there are so many transactions, why can’t I list high??)
It was about buyers still taking advantage of historically good pricing, even though it was a hot market with more transactions than ever. While it felt ultra-competitive, buyers still got good deals.
There are so many differences between the New York City market and the rest of the country's real estate activity. While most urban cities achieved record-high price-per-square-foot sales levels, New York City's price per square foot stayed subdued relative to the pricey transactions and high demands of buyers.
If you were a buyer in the lower end of the market – $500,000 and below — there were some really good deals, (and there are still very good deals to be had now and in the near future).
If you were in the $500,000 to $1 million ballpark, again, good times and good deals, but you had some competition.
Meanwhile, the $1 million to $2.5 million range was the meat and potatoes of market transactions.
The $2.5 million to $4 million sectors was also robust and still traded at or around 2018/2019 levels.
Always considered the bellwether of the New York City real estate market, the luxury sector north of $4 million saw incredible growth with many transactions. The overall market goes where luxury goes, and there was an incredible desire to purchase homes in this segment, where buyers got great pricing compared to 2015, the last recorded "seller's market."
Our Team recorded close to 200 transactions (we're still computing the numbers) and over $200 million in total sales — a team record!
We are so happy to have made so many clients' and friends' real estate dreams come true in 2021. Our clients are always our greatest motivation and the most important facet of our business.
Congratulations to everyone, and all the best for 2022!
Local Events
2022 Winter Jazzfest
Join the infamous music marathon event this winter in downtown Manhattan.
Winter Jazzfest is comprised of over 600 artists on 20 stages over 10 nights. The festival features multiple artists and venues and has become one of New York's most exciting and unique nightlife offerings.
Visit the website HERE to learn more.
NYC Restaurant Week
Back this winter is restaurant week, which for New Yorkers means enjoying cheap meals all over the city. Several tourists and locals look forward to this event every year because it’s a great opportunity to try new restaurants or simply enjoy top-notch meals at decent prices.
Read more about restaurant week HERE.
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