Evergreen Commercial Realty’s Post

The Typical Summer Slow Down In The Manhattan Real Estate Market Is Here There were notably lower signed contracts July vs June. Both months were also down against their 10 year historical averages (817 signed contracts in July vs the 908 ten year average). Higher interest rates this year compared to last play a major role, as does a lack of inventory. Expect an influx of new listings hitting the market in mid/late September. Market by Martin Link here: https://lnkd.in/deU622m2 #marketbymartin #nyc #newyorkcity #realestate #martineidenteam #compass #marketbymartin

Hearing about a core grocery-anchored shopping center in California pricing with a 6-handle, north of $20m deal size, by private all-cash buyers contemplating unlevered holds This raises interesting implications about intrinsic value that is independent of prevailing interest rates It begs the question, what is best of the best real estate truly worth?

75072 Zipcode July 2023 market update • Median days on market: 21 days • Properties stayed on the market for 24% longer year over year • Median list price July 2022: $590,050 • Median list price July 2023: $618,970 • Total inventory July 2023: 476 • Inventory decreased by 32% compared to last year #AlanBillmanRealtor #JudgeFiteCompany #C21JFC #Century21 #RealEstate #Realtor #DBest2023 #MyWhy #HousingMarket #MarketUpdate

Inventory levels across metro Denver continue to rise according to Megan Aller and First American Title. As we move into June, July and August inventory levels will continue to go up as we enter our retracting real estate market. This will accelerate post the July 4th holiday. Now more than ever you need a real estate professional to show you the opportunities and hazards in our current market. #DenverRealEstate #DenverHomes #MarketUpdate #BHHSColorado #EnvisionHomeTeam #RealEstateTrends #HousingMarketUpdate

🏙️ Exciting News from the Manhattan Real Estate Scene! 🏙️ Thrilled to share the latest snapshot of Manhattan condo and co-op contracts signed from December 2 to 8, 2023. Key Highlights: ✨ 175 contracts signed in Manhattan last week, marking an impressive 18% increase week-over-week and a remarkable 26% surge year-over-year. 📈 Last week boasted the largest annual percentage increase of the year, with a notable rebound. It's worth noting that this week last year was unusually slow, experiencing an over two-year low for contracts. 💼 Contracts demonstrated a positive annual trend across most categories. However, we observed a 50% decrease (2 sales) in the $10M to $20M range and a 10% dip (1 sale) in the Financial District & Battery Park City. 🌟 The highlight of the week goes to the top contract – a dazzling $19.950M resale co-op penthouse at 993 Fifth Avenue. This transaction stands out as one of the most significant co-op sales of 2023. ______________ Exciting Update on Brooklyn Real Estate! 🏡 Thrilled to share the latest snapshot of Brooklyn condo and co-op contracts signed from December 2 to December 8, 2023. 📊 Key Highlights: 📈 78 contracts signed last week, marking an impressive 18% increase over the previous week and a substantial 32% surge year-over-year. 🏢 Both condo and co-op transactions experienced double-digit growth compared to last year, with condos up by ten sales and co-ops by nine. 💲 Contracts under $1M saw a remarkable 42% year-over-year jump, adding 15 more sales, while transactions above $1M increased by 17%, reflecting a rise of four sales. 🌆 Williamsburg/Greenpoint takes the lead with the largest annual increase in sales, driven by exciting new developments like The Huron and Oosten. 🌟 The top contract of the week? A stunning four-bedroom sponsor residence at One Clinton, boasting breathtaking views of the skyline and the New York Harbor. #realestate #ManhattanLiving #propertymarket #nycrealestate #nycrealestate 🌆🏡

In the bustling world of retail real estate, a simple principle stands out: 'Success in real estate comes down to two factors: taking care of and valuing the customer.' - Michael Miedler, Century 21 CEO. At R.J. Brunelli & Co., we hold this truth at the core of our services. In every lease, sale, and consultation, we prioritize YOU. 🏢

Retailers have displayed a sense of resilience that's a welcomed sight to their employees, customers, and investors. Despite a boom in e-commerce coupled with an economic downturn, these locations continue to show strong activity and bounce back against doomsday predictions that some investors have levied on them. What do you think about the future of retail real estate locations? #Retail #RealEstateTrends #Ecommerce   Disclaimer: This is a reposted article. We are not responsible for accuracy of reposted materials. See source for detailed content.

Welcome, all Miami friends! Let’s jump into our weekly regional report for the Miami Metro area! This week, the median list price for the Miami metro area is $855,000, with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 12,163. For more information, go to homesbyrp.com This is definitely the perfect time to make a move in the Miami Metro area! Send a message to stay informed about the Miami market! #exprealty #HOMESbyRP #realtor #happyclients #Marketreport #MarketInsights #realestateagent #marketupdate

I was driving to the Bay Area and on my way home I decided to take a detour. I wrote down atleast 4 different cross streets of distressed shopping centers and potential parcels. It’s always nice to drive to unfamiliar areas and see what opportunities are out there. #realestateinvesting #cre #shoppingcenters #retailcre #assetmanager #portfoliomanager #syndicator #passiveinvesting #cashflow #offmarket #privateequity #pefirm

Welcome, all Miami friends! Let’s jump into our weekly regional report for the Miami Metro area! This week, the median list price for the Miami area is $850,000, with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 12,773. For more information, the full report link will be in the first comment. This is definitely the perfect time to make a move in the Miami Metro area! Send a message to stay informed about the Miami market! Learn more at homesbyrp.com #exprealty #HOMESbyRP #realtor #happyclients #Marketreport #MarketInsights #realestateagent #marketupdate