New year, new market?
We start off with a blank slate and pretty low expectations, so it’s time to outperform!
Typically, over the holidays there is very little activity, so a lot of homes come off the market. After three months, the # of days on market resets. What does that mean for you?
Be ready for an avalanche of inventory coming back online this spring. With the looming election sure to occupy people’s mind/time/energy in the latter half of this year, right now is the most practical time to list your apartment for sale!
The key to success for both buyers and sellers: prepare! The savvy sellers trade apartments with the savvy buyers. When a good deal hits the market it goes fast, both for sale and rental. Stay tuned as we have a lot of new opportunities coming on this season. There’s a lot of noise, I mean news, coming out in the new year. The luxury market over $4 million continues to get crushed, Extell keeps building (this time on the Upper West side), and the old buildings in the city are in desperate need of capital improvements.
Spotlight this month is on Industry City, the next frontier!
