Springtime optimism is in the air! It’s been a miraculous start to the year as everything fully re-opens and people continue coming back to the greatest city on earth. There’s warm weather, blossoming flowers, outdoor food & beverage, and spirits are very high! New Yorkers are happy to feel at home once again.
Speaking of homes, the momentum in the real estate market continues. Early this month we rented an apartment at the pre-pandemic price. A sign that we are headed back to good ol’ days! The rental market is hot, but buyers are showing up as well.
This month we have accepted offers on all of our sales listings. Our two sponsor sales at 69 Fifth Avenue were only listed for one week before having offers above the asking price. It is really a testament to the strength of the New York City market these days. Properly priced apartments are selling faster than ever!
It’s hard to imagine keeping up at this pace, but it is also hard to imagine anything slowing it down. Daily we’re connecting with new renters, buyers, and investors wanting a piece of New York. The city continues to open up, and most offices are motivating their employees to be back by September. It’s certainly a “new normal”, but after a crazy year everyone is happy to be moving on.
Spotlight this month is on bidding wars! As we like to say in the real estate biz, “This is a multiple bid situation, so we need your best and HIGHEST offer!”
