Month: July 2014

New Development Wrap-Up July 2014

New construction, at the moment, is drawing stunning levels of interest. As I mentioned in my last post, we’re seeing construction at levels unvisited since 2007, despite a spike in land prices of nearly 300%. The result is an exclusive focus on the high end.  A …

2nd Quarter Wrap-Up – NYC Market Takeaways

Our 2nd quarter market report gives plenty of data points, but I’ll offer a few highlights and some takeaways, both from the report and not: The quarter’s topline “average price,” 19% higher, year over year, is essentially meaningless.  This average is too skewed by a few very large …