Market Update
The New York City real estate market is maintaining its strong performance, with consistent activity observed in recent weeks, particularly in the luxury segment. High-end properties are generating significant interest, and the inventory levels are stable, creating a balanced environment for both buyers and sellers.
Market trends indicate a steady pace of transactions, with properties in desirable neighborhoods selling quickly. Pricing remains competitive, reflecting the city's ongoing demand and limited supply of prime real estate.
Investors and homeowners are optimistic, as New York City's unique appeal and vibrant economy continue to support the market. Overall, the outlook for NYC real estate remains positive, with continued growth and resilience expected in the coming months.
This week, investors had their eyes on the inflation data, which yielded mixed results in two significant reports. During his testimony to Congress on Tuesday, Fed Chair Powell made it clear that he wasn't signaling any changes in future monetary policy timing, leading to a subdued market reaction. Consequently, mortgage rates ended the week slightly lower as a result of these developments.
BROOKLYN HEIGHTS
111 Hicks Street, Unit 16B
1 BD 1 BA 850 SF $899,000
It's an exhilarating time for buyers, and we're here to make your homeownership dreams a reality! Imagine finding the perfect home that checks all your boxes, just like our recent success story in Brooklyn Heights.
Our buyer initially explored the Upper East Side but soon realized her heart was in Brooklyn Heights, where she grew up. With our guidance, she swiftly secured an incredible property—Unit 16B—featuring stunning Statue of Liberty and water views and impeccable finishes. In just 50 days on the market, we had her under contract for this spacious one-bedroom corner unit.
Now is the ideal moment to buy. Prices remain competitive, and we're dedicated to negotiating the best deals across Manhattan and Brooklyn. Whether you're a first-time buyer or looking to upgrade, let us navigate this exciting market for you. Don't miss out on your perfect home.
Contact us today and let's find it together!
Camp
Summer is the perfect time for children to have fun, create lasting memories, and develop socially. In Manhattan you will find almost everyone talking about “camp.”
Children as young as three have the opportunity to board early morning buses and spend their days outside the city. They are given the opportunity, that they may not often get in NYC to swim, play sports, dance , learn magic, go-cart and rock climbing to name a handful. They often arrive back in the city around 5pm, exhausted but eager for what the next day has to bring.
By the time kids finish 4th grade they are often ready to experience camp in another way. This time spending up to 7 weeks, sleeping away from their home. Sleepaway camp allows for kids to not only try new activities such as waterskiing or archery, but fosters lifelong friendships as well as gives them the opportunity to gain a sense of independence and freedom.
For parents interested in learning more about camp, whether day or sleepaway, Camp Expert Allison Aspis would love to help. She will listen to what you may be looking for and can help with everything from providing recommendations, scheduling tours, explaining timelines and prices. Feel free to reach out to her Allison.Aspis@campexperts.com
to give your child the opportunity to have fun, follow their passions and create lasting friendships.
Balloon Story
Escape the never-ending heat wave and step into a whimsical world filled with balloon wonders that ignite curiosity and imagination at every twist and turn.
Prepare to be amazed by the artistic potential of balloons. The exhibits, featuring intricate sculptures and immersive displays, push the boundaries of art. My kids loved it! They spent a good amount of time playing in the balloon pit, with the massive balloons in the enclosed area and finished off the trip by getting some creative cotton candy.
The exhibit runs from July 3rd to August 24th at Park Avenue Armory - 643 Park Ave. Click here for more info.