Market Report
Market Report
As we enter the busy season here is our advice for sellers and buyers with help from research done by Urban Digs:
The peak listing period runs from March to June. Despite a decline in prices in 2023, the market is showing signs of rebound. Supply is tight, but new listings are expected to change that. Sellers should take advantage of the seasonal uptick in contract activity, but keep price expectations realistic. While the market may have improved, it's likely only a partial recovery, resulting in a balanced market at best. Nonetheless, these conditions are favorable for sellers.
Buyers should be aware that seller leverage may have peaked. While prices still favor buyers compared to last year, expect more competition and less flexibility from sellers. Deals are still available, but there is increased urgency. The market is likely turning around, so buyers should adjust their approach accordingly.
Easter in NYC
Show up with your most lavish hat at St. Patrick's Cathedral at 10am for the Easter Bonnet Parade and Festival.
2. Brunch is always a good idea and TimeOutNY has a list of the best Easter Brunch's in NYC - click here.
3. SpringTopia at the Seaport - Head over to Seaport Square and the rooftop at Pier 17 from 11am-2pm on Saturday, March 30 for a kid-centered Easter festival that includes dancing sessions, face painting, wreath-making, egg races, Easter bunny photo-ops and more.
4. Children's Museum - Join the Children's Museum of Manhattan for a weekend of museum-wide egg hunts, papier-mâché Easter Egg decorating sessions, basket weaving classes, bunny head band arts-and-crafts sessions, and much more.
5. Adult Easter Egg Hunt! Don't let the kids have all the fun. This adult Easter egg hunt kicks off with cocktails. In addition to re-experiencing the childhood glee of scavenging for colorful eggs, you'll also get the chance to win prizes.
6. Plaza FunThe Plaza Hotel is gearing up for an egg-celent week leading up to Easter Sunday, starting with a series of afternoon tea hours starting March 24 until March 31 from 10am-4pm. The afternoon tea service will take place in the hotel's Palm Court, and will include a selection of Easter-themed pasties and sandwiches.
Its (almost) time to put your jackets away and bring out the Spring Fashion! Once 60 degrees hits I always find myself changing out my closet and what better way to add to the inventory then with a subscription to Retail with Ronnie. For only $50 a month you are able to receive 4 articles of clothing. The best part is you don't have to commit long term, can cancel at any time and the first month is free!
Check it out www.RetailwithRonnie.com
Property of The Month
201 East 79th #16I $999,000
JUST LISTED - This Oversized 1 bed with optional 2nd bed has a separate kitchen, formal dining, and east facing living room. With brand new floors this apartment is perfect for the first time buyer looking to have a place to grow into with a new baby or office space.
Located in prime Lenox Hill this building has gone through a HUGE transformation for the new owners to enjoy.