Dear Friends,
Thanksgiving offers us a welcome opportunity to share our gratitude for all that we have with those who mean the most to us. As we celebrate yet another year let us do so knowing that, particularly at times like these, it is important to recognize all we have to be thankful for.
Above all, I feel deeply grateful for my cherished family and friends and their unwavering love and support, as well as for my fantastic clients and colleagues who make my every day so joyful and fulfilling.
May you, too, find yourselves in a place of gratitude, not just this holiday but throughout the coming year.
I leave you with all of my best wishes and (as usual) a delicious little recipe to enjoy with those you love.
Happy Thanksgiving!
With warm wishes,
- In the Upper Luxury segment of the market ($4M+), 24 contracts were signed last week, four more than the previous week.
- Apartments priced between $1 million and $2 million experienced a 31% increase in activity last week, the largest gain of any price category.
- Contract signings jumped 32% South of 14th Street last week, more than any other market area.
- Overall, the number of signed contracts fell 2% last week, and was 15% lower than a year ago.
- As of November, Manhattan’s supply rose 4% to a month’s supply of 7.5 months.
- Co-op inventory rose 6% from last month, while condos ticked up 1%.
- The West Side was again the tightest market with a 5.9-month supply of apartments for sale.
