We all know what September means--- Fall is right around the corner! A slight chill is in the air, the leaves are changing colors, pumpkin-flavored treats abound, and new memories are ready to be made.
The NYC
real estate market has settled into its own unique rhythm. During the last of the scorching hot summer days, serious buyers continue to make there way through the current seller's market.
Thankfully, NYC continues to show just how resilient it can be as more people return back to the city they love, and the housing market interest increases. If you are buying or renting, now is the perfect time to get deals that a year ago would have been unimaginable.
If you are selling now is the time visually optimize your investment so that it stands out to sell.
Whether you're keeping cool inside or exploring the great outdoors, I hope you're enjoying the last days of summer. Below, you’ll find the most important real estate news, local happenings, and featured listings curated just for you. I hope everyone has a lovely rest of September.
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Demand was fairly consistent from the averages we witnessed this summer, and the quantity of signed contracts was in between the levels we saw in the high demand of 2021 and the lower demand of 2020, pointing to a potential softening since last year. However, the luxury market performed interestingly well, with twenty contracts signed north of $4M, a relatively high statistic in a market segment many assume is “shut off” for the last week of August.
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Supply has very likely bottomed out. We are expecting a significant amount of properties to hit the market over the next few weeks, as many sellers typically wait until the symbolic end of summer to introduce their properties to market.
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Manhattan luxury market hits Labor Day high
Manhattan’s luxury market welcome the unofficial end of summer on a high, beating a 10-year average for the week before Labor Day.
T
he borough saw 20 contracts signed last week at $4 million and above, above the average of 17 signed contracts, according to a weekly report by Olshan Realty.
The priciest home to enter into contract was the fifth floor at KUB Capital’s 150 Wooster Street, asking $18 million. The seller purchased the loft-style condo from the sponsor in 2018 for $13.9 million and listed it in the middle of July. The full-floor unit has over 4,000 square feet spanning across four bedrooms and four and a half bathrooms. It features a 24 foot by 34 foot great room with a gas fireplace, along with an eat-in kitchen that opens onto a nearly 200-square-foot balcony.
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Maximize the Value of Your Home or Investment
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444 East 84th Street, Unit 10F
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323 West 11th Street, Unit 5R
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52 Ten Eyck Street, Unit PHA
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305 West 18th Street, Unit 1K
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Turnberry Ocean Club Residences
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Check out this exclusive tour of the residences with David Berger.
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Turnberry Ocean Club Residences are designed for those seeking a truly privileged and private lifestyle. With only 154 luxurious residences in this iconic, fifty-four-story glass tower, there is true feeling of exclusivity without compromise. Residents enjoy amenities and services on a par with the world’s finest five-star hotels, in an atmosphere of absolute privacy, accessible exclusively to residents and their invited guests.
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2 Beds | 3 Baths + Den
Interior: 1,973 F Exterior: 444 SF Total: 2,417 SF
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1380 S Ocean Blvd #2202 Pompano Beach, Fl 33062
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3 Beds | 4 Baths + Den
Interior: 2,764 SF Exterior: 580 SF Total: 3,344 SF
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1380 S Ocean Blvd SKY #2401 Pompano Beach, Fl 33062
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4/5 Beds | 5 Baths
Interior: 4,850 SF Exterior: 1,227 SF Total: 6,077 SF
Starting at $4,762,000
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1380 S Ocean Blvd #806 Pompano Beach, Fl 33062
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1 Beds | 1.5 Baths
I
nterior: 906 SF Exterior: 263 SF Total: 1,169 SF
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1380 S Ocean Blvd #605 Pompano Beach, Fl 33062
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2 Beds | 2.5 Baths
Interior: 1,492 SF Exterior: 397 SF Total: 1,889 SF
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1380 S Ocean Blvd #1109 Pompano Beach, Fl 33062
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2 Beds | 2.5 Baths
Interior: 1,486 SF Exterior: 394 SF Total: 1,880 SF
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THE RESIDENCES
• 115 residences ranging from 1,309 sq ft to 4,850 sq ft
•Spacious floorplans boasting ocean, city and Intracoastal views
• All residence delivered fully-finished including flooring, kitchens & bathrooms
• Private elevator lobby for each residence
• Service elevators
• Italian designed kitchens with top-of-the-line appliances
• Walk-in closets in all master bedrooms
• Laundry rooms with full-size washer and drye
r
• Prewired for high-speed internet access and WiFi
• THG Paris bathroom faucets
• Restaurant bar & grill with indoor & outdoor seating areas
•Open lounge area on the beach with chaise lounges
• Beach storage
• Food & beverage service
• Two oceanfront infinity pools
•Private cabanas available for sale
• Private poolside cabanas available for day use
• Food & beverage service
• Oceanfront infinity pool sunken lounge
• Lush Gardens including covered pavilion & fire pit
• Outdoor fitness area & meditation area
• Drop-off & arrival experience with impressive porte-cochère
• Reception & concierge desk
• Signature Lissoni sculptural staircase
• Clubroom – multipurpose social event space with prep kitchen
• Library & breakfast room
• Business center on the 3rd floor
• Oceanfront fitness center with juice bar
• Beauty salon & barbershop
• His & hers spa with locker rooms, sauna, steam room, vitality pool and relaxation lounge
• Business center with private offices, conference room and coffee bar
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© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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