Market Report
Inventory is up and mortgage rates are ascending, and as a result activity in Manhattan and Brooklyn have slowed.
This month was notable for the Manhattan Luxury Market ($5M+). Sales fell annually for the third month in a row. However, average price per square foot and days on market both improved year-over-year.
- Active listings rose 3% year-over-year, which was the first increase in Manhattan in over 11 months.
- Days on market fell below 200 despite the climb in inventory.
- There were a total of 74 sales, which is below average for May. This was a 24% fall from previous years.
Juneteenth
Here at the Ronita Kalra team, we wanted to highlight, Juneteenth- the holiday commemorating the end of slavery in the United States. It is also called Emancipation Day or Juneteenth Independence Day. The name “Juneteenth” references the date of the holiday, combining the words “June” and “nineteenth.”
Organizations like Juneteenth NYC can help you get more involved in honoring an invaluable day.
Father's Day
Father's Day 2022 fell on Sunday, June 19. Our team wouldn't miss a day honoring all of our clients, colleagues and friends who are fathers, grandfathers and father figures.
Cheers to all of you.
My own father and husband are both amazing examples of how each generation is becoming more and more involved in the day-to-day of our children's lives. I love and appreciate you both!
See HERE for some inspiration on where to take 'Dad' next Father's Day!
COMING SOON
333 East 66th Residence 6H
Now Offered at $850,000
Welcome to Residence 6H at the Bryn Mawr in Lenox Hill, Manhattan. This home is a sizable and bright junior-4 featuring South facing exposures, plank wood floors, and ample closet space.
Upon entering is the foyer with three massive closets which leads to the vast illuminated living and dining space. Situated to the West of the living room are the nursery, or second bedroom and kitchen. Separated by sliding doors this configuration allows easy transition from 1 to 2 bedroom. The walk-through kitchen is equipped with a Sub-Zero fridge, Viking stove, and concealed Miele dishwasher.
Further West is the bathroom and linen closets. The bathroom has been tastefully appointed to suit a neutral palate. Finally, the master bedroom is also lit with the highly coveted Southern light and equipped with a walk-in closet.
333 E 66 is a luxury full-service co-op, conveniently located to fine restaurants, shops and public transportation, including the new Second Avenue Subway in Manhattan. Amenities include: Landscaped rooftop deck, indoor pool, fitness area, his & her saunas, laundry room, attached parking garage, storage, 24-hour doorman, on-site super and full staffing. The Bryn Mawr is dog friendly with some restrictions.
