NEWS for 2009 and Q4 Real Estate Market Report!

Hopes of Prosperity, Health and New Beginnings for 2009!

This week The LDM Team is up and running, and we have alot in store for you....

GOOD NEWS...

#1-The winter RESTAURANT WEEK is coming, so book your reservations soon...they fill up FAST! http://nycgo.com/restaurantweek

#2- In every HGTV/Property Virgins/House Hunters show I've seen lately, the biggest reason people buy a home- in any market...is to invest in themselves-instead of their landlords! Since prices are reduced and interest rates are at all time lows, take advantage of this current BUYERS market!

#3- Q4 Corcoran report just arrived-HOT OFF THE PRESS(link below)

  

It is my pleasure to provide you with our Fourth Quarter 2008 Corcoran Report, a look at the current state of the

Manhattan

real estate market.  This report compares data based on deals that closed in 4Q 2008 (October 1 through December 31) with that of 4Q 2007.

In light of the current recession and the credit crisis,

Manhattan

’s residential real estate market has entered its most tentative period in recent memory.  The Fourth Quarter experienced markedly fewer closings as buyers found financing difficult to obtain; forty percent fewer properties sold in the Fourth Quarter of 2008 than closed in the same quarter a year before.  The absence of liquidity has compelled sellers to lower their prices and this quarter’s report reflects the start of that trend in the resale market, where the median sale price dipped by 4%.

New development sales – most signed between twelve and eighteen months ago – continue to post strong sales figures, although the pipeline of prominent luxury properties in this category is slowing.  To better illustrate their uniqueness and because of the disparity in their schedules from contract execution to closing, the Corcoran Report looks at the re-sale and new development categories separately.

Working with PropertyShark.com, the industry leader in real estate information gathering, we collect comprehensive data about residential sales and to make sure that the report you are reading is the most complete you can find.  The Corcoran Report provides information based on median sale prices (the price halfway between the highest and lowest sale prices), and average price per square foot (the value of a specific unit of space), as well as a variety of other metrics.  Please feel free to contact me if you have any questions about the report; I would be glad to discuss it with you. 

Looking forward to speaking with you soon and addressing any real estate needs and questions you have.

4th Quarter Corcoran Report New York City

 

Enjoy!

 

Compliments of The LDM Team

Laura Denise Milkowski, Christina Prostano, Michael Beam

 

check out our website for money saving TIPS-www.theLDMteam.com