All-Time High NYC Avg Home Sales Price in 2Q 2016

east-harlem sliderThe average sales price of a New York City home (cooperatives, condominiums, and one-to-three-family dwellings) hit $1,018,000 in the second quarter of 2016, a new all-time high since the Real Estate Board of New York (REBNY) began tracking home sales data in 2006. Continue Reading →

Proposed Housing Bill Is Wright On Track, But Not Enough

Keith-WrightCrainsNewYork reports that Real estate groups praised an affordable-housing bill from Assemblyman Keith Wright, but clarified Thursday they do not believe it can replace 421-a, a controversial property-tax break for developers that expired last year. Continue Reading →

REBNY To Host 2016 Uptown Open House Expo in Harlem

LR_©Diane Allford_IMG_4905Calling all New York City house hunters! On Sunday, April 10 and 17, the Real Estate Board of New York (REBNY) and its Upper Manhattan Committee will host its 2016 Uptown Open House Expo. Continue Reading →

HW Pick: NYC Residential Sales Market Finishes Strong In 2015

east-harlem sliderNew York City’s residential sales market rounded out a year of robust activity with slight growth in average sales prices and sales volume throughout the five boroughs in the fourth quarter of 2015, according to the Real Estate Board of New York (REBNY)’s Fourth Quarter Residential Sales Report. Continue Reading →

NYC Residential Sales Market Launches Into Promising 2015

east-harlem1New York City’s residential sales market got off to a running start in 2015 with significant gains in total consideration throughout the boroughs, strong sales volume, and rising average sales prices across all five boroughs, according to the Real Estate Board of New York’s (REBNY) First Quarter Residential Sales Report. Continue Reading →