Low Inventory
The 2021 real estate market took New York by surprise. Once again, those pundits who predicted the demise of the city turned out to be wrong, as 2021 developed into one of the most robust sales and rental years within memory in NYC. Overall, supply in the Manhattan real estate market is down around 30% year over year, while pending deals are up 150% during the same time period. (UrbanDigs).
Less new inventory in NYC real estate is appearing on the marketplace as increasing numbers of projects sell out; at the same time, resale inventory stands at historic lows. While it is highly likely that prices will rise during the coming year, COVID variants or no COVID variants, the larger question remains: will supply rise to meet demand. (Forbes).
My Birthday!
Another lap around the sun and another human to celebrate with! Thanks to everyone for the kind wishes. No long cliche message this year, just super grateful for my life and everyone in it.
Super Bowl LVI
The Rams were victorious winning it 23 to 20 on Sunday, February 13th. The game was exciting and a close call; up until the end. This year's Halftime Show was every millennial’s dream. If you knew every lyrics to all the songs, then like me, you probably reminisced about the high school or college days when you would blast those tunes in your car in the early 2000’s.
Property of The Month
455 East 86th St #16A
In Contract OVER Asking Price
This gorgeous NYC apartment received multiple offers for rent and for sale. The sale happened to win once the purchaser decided to give the seller the number she needed to make it worth it for her to sell. This is a true testament to the lack of inventory in most of the market and the demand still out there for classic one beds in great neighborhoods of NYC!
This spacious Sixteenth floor Upper East Side One bedroom is located in The Chanel Club, a full-service condominium with both South and West exposure and open city views in Manhattan.
The Channel Club is a white glove building nestled in the Upper East Side. The building offers an indoor pool, gym, sauna, 24-hour doorman, concierge, and a children's playroom.
