Hamptons Housing Market: ‘Eh’
Hamptons Housing Market: Read More
Miller Samuel Inc.
Hamptons Housing Catches Cold
Did somebody say symbiosis? At a time when Manhattan dwellers struggle with lackluster year-end bonuses and job losses, the Hamptons has suffered its own crisis: one of real estate, the East End playground's great arbiter.
A new Miller Samuel and Prudential Douglas Elliman report shows home sales off annually over 41 percent in the fourth Read More
Emergency Belief
Two thousand eight was a year that can’t be forgotten soon enough by the browbeaten souls unfortunate enough to make their living in the city’s real estate market, which proved to be a much choppier sea to navigate than most expected over the past 12 months. It mattered little if you were in the commercial Read More
Brooklyn Housing Boom: Dude, It’s So Over
The number of Brooklyn home sales dropped 42.7 percent annually in the fourth quarter of 2008, according to a new report from Prudential Douglas Elliman and appraisal firm Miller Samuel (and authored by ace Jonathan Miller). At the same time, the median home sales price dropped 7.5 percent to $490,000.
As the graphic indicates, Brooklyn’s more Read More
Warren G. Harding and the Manhattan Housing Market
Warren G. Harding, during his 1920 presidential campaign, pledged “a return to normalcy” for an America beset by the shocks of the First World War and an overly involved federal government. He won 60-plus percent of the vote.
Much like Harding’s sales pitch, the Manhattan housing market, buffeted for months now by uncertainty and Read More
Brrr! Icy January for Manhattan
Barack Obama is scheduled to be sworn in as the 44th president of the United States on Jan. 20. That real estate brokers and analysts are actually pointing to this date, historic though it is, as a crucial event in the recovery of Manhattan’s residential market tells you everything you need to know about its Read More
Buy Now? No, Buy Later
Welcome to the buyer's market: Supply is up, demand is down, and prices are teetering. Brokers say buy now – after all, there are deals to be had! But what if you waited?
Here’s four areas (and one borough) where buyers would be fools to rush in now.
1. MANHATTAN In Manhattan, Read More
Take That, Hamptons! North Fork Feels Home Price Bounce
As the Hamptons housing market tumbled mightily in the third quarter, the North Fork's saw a mild price bounce. The North Fork median sales price was $575,000 in the third quarter, up 10 percent from last year, according to the new Miller Samuel-Douglas Elliman report.
The North Fork, home to a cluster of well-respected Read More
Ho-Ho-NO! Hamptons Housing Prices Tank
All is not well at the summer playground for America’s rich and famous, as home prices and sales in eastern Long Island tumbled to two-year lows in the third quarter, according to a new Hamptons/North Fork market report from real estate appraisal shop Miller Samuel and brokerage giant Prudential Douglas Elliman.
The quarterly median sales Read More
Manhattan Market Report Now Online
The Miller Samuel-Prudential Douglas Elliman third-quarter Manhattan housing report's now online (PDF).
To read about the sagging Manhattan condo market click here; to read about the troubled luxury market click here.
Quogue, Quogue! North Fork-Hamptons Report Online
The second-quarter Miller Samuel-Douglas Elliman report on the North Fork and the Hamptons housing markets is now online as a PDF.
Another fun fact! Among the East End's luxury markets, Quogue had the highest average sales price at $15,650,000. Yes, Quogue.
Hamptons Mimic Manhattan with Home Sales Plunge
Like in Manhattan (and Brooklyn and Queens), home sales in the Hamptons plunged annually in the second quarter of 2008. At the same time, the average home sales price dropped annually and quarterly as well to $1,730,414, according to a new report from appraisal firm Miller Samuel and brokerage Prudential Douglas Elliman. The Read More
Et Tu, Queens? Home Sales There Plunge, Just Like Manhattan, Brooklyn
Home sales in Queens plunged annually from the spring of 2007, according to a new report, joining Brooklyn and Manhattan in steep year-over-year sales slides.
Queens home sales were down 23.7 percent from the second quarter of 2007 through the second quarter of 2008, to 2,363, according to the report out this week from appraisal Read More
Brooklyn’s Busiest Half
Most of Brooklyn's home sales are happening in South Brooklyn, a slice of the city much less traveled by Manhattanites than the increasingly mirror-image neighborhoods further north.
In the first half of 2008, over 53 percent of Brooklyn home sales closed in South Brooklyn, according to a report (PDF) from appraisal firm Miller Samuel Read More
Fresh Round of Recrimination? Manhattan Market Reports Due
The second-quarter Manhattan housing market reports will be out by Wednesday morning of next week. Last time they hit, for the first quarter, the reports caused quite the kerfuffle, including internal company e-mails and a New York Times article trying to sort the whole thing out.
Basically, it went like this: Prudential Douglas Elliman and Read More
