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Posts Tagged ‘3CW’

[Three Cents Worth #273 NY] Three Cents Worth: No Relief In Sight For New York Renters

November 29, 2014 | 8:45 pm | curbed |

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

Before the tryptophan kicks in on Thursday, I thought I’d present the rental market trends for Manhattan, Brooklyn, and Queens coverage in another way. Because of seasonality, I tend to rely on median rental price compared to the same period a year ago. I applied a 90-day moving average as a trend line for each of the markets to help show where these markets seem to be headed…

3cw11-25-14
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My latest Three Cents Worth column on Curbed: Three Cents Worth: No Relief In Sight For New York Renters [Curbed]

Three Cents Worth Archive Curbed NY
Three Cents Worth Archive Curbed DC
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[Three Cents Worth #272 NY] The Cost Of Your Doorman Keeps Rising

November 29, 2014 | 8:30 pm | curbed | Columns |

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

Having that doorman just got more expensive. The difference between the average rental of a building with and without a doorman was at its widest point since we began to track this metric in 2007. The average rental price in a doorman building was $4,915, up 17.8 percent over the past 7 years and the highest recorded over this period. The average rental price in a non-doorman building was $3,461, up a more modest 5.8 percent over the same period. The difference between the two rental types resulted in an eight-year high of $1,645 per month…

3cw11-18-14
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My latest Three Cents Worth column on Curbed: The Cost Of Your Doorman Keeps Rising [Curbed]

Three Cents Worth Archive Curbed NY
Three Cents Worth Archive Curbed DC
Three Cents Worth Archive Curbed Miami
Three Cents Worth Archive Curbed Hamptons

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[Three Cents Worth #271 NY] How New York’s Average Sales Price Broke the $1 Million Mark

November 4, 2014 | 4:00 pm | curbed | Columns |

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

Although it has been a little more than a month since the third quarter ended, I thought I’d show that the average sales price of the five boroughs in aggregate broke the $1 million threshold for the first time, to a record $1,040,516…

3cw11-4-14
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My latest Three Cents Worth column on Curbed: How New York’s Average Sales Price Broke the $1 Million Mark [Curbed]

Three Cents Worth Archive Curbed NY
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[Three Cents Worth #270 NY] What Is the Value of a Central Park View?

October 30, 2014 | 8:50 pm | curbed | Columns |

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

While there is an obsession with views in the Manhattan market and it is one of the drivers of the tall tower phenomenon, there are a bunch of moving parts associated with it. We looked at the last two years of closed sales (to get enough data) on the four borders of Central Park, comparing the average price per square foot of co-op and condo apartments with direct views of the park—including both those above and below the treeline—and those with city views…

cpwviews
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My latest Three Cents Worth column on Curbed: What Is the Value of a Central Park View? [Curbed]

Three Cents Worth Archive Curbed NY
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[Three Cents Worth #269 NY] Charting A Decade of Manhattan Inventory

August 31, 2014 | 4:09 pm | curbed | Columns |

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column I posted a few weeks ago on @CurbedNY:

As summer comes to a close and many have checked out until Labor Day, I thought I’d try another GIF animation (after the jump!) to illustrate the long fall of inventory (I’m on the “pronounced like ‘Jif’ peanut butter” team, as is the format’s inventor). August generally represents the annual low for inventory (even though fourth quarter of 2013 was quarterly record bottom, August 2013 was the record monthly bottom). I thought I’d show the last decade worth of inventory and provide some context to how low inventory actually is…



3cw8-19-14
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My latest Three Cents Worth column on Curbed: Charting A Decade of Manhattan Inventory [Curbed]

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[Three Cents Worth #268 NY] Units In New Developments Grow Larger

August 31, 2014 | 3:57 pm | curbed | Columns |

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column that I posted a few weeks ago on @CurbedNY:

For this chart, I looked at a little more than a decade of Manhattan closed sales by square footage, breaking out the market by new development sales and re-sales. During this period, the average square footage of a new development sale was 1,382—15.6 percent larger than the 1,195 average square footage of a re-sale. However, new development sales size showed significant volatility as developers adapted to the changing market. The underlying driver of volatility is the quest to achieve the highest price per square foot premium a developer realizes by creating larger contiguous space. As a result, the much chronicled “micro-unit” phenomenon falls short and can’t become mainstream under current market conditions without external incentives (i.e. government). The math doesn’t work…



3cwNY8-12-14
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My latest Three Cents Worth column on Curbed: Units In New Developments Grow Larger [Curbed]

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[Three Cents Worth #267 NY] NYC Sets New Record Average Sales Price

August 5, 2014 | 3:17 pm | curbed | Charts |

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

Although our NYC market reports only cover Manhattan, Brooklyn, and Queens, I also track Staten Island and The Bronx for fun. For the second quarter 2014 NYC analysis, I observed two new records:

1. The average sales price for NYC residential real estate (co-ops, condos and 1-3 family sales) reached a record $975,441 (pink line).

2. The average sales price for NYC residential real estate excluding Manhattan reached a record $542,216 (orange line).



2q14NYC-ASPspread [click to expand charts]


My latest Three Cents Worth column on Curbed: NYC Sets New Record Average Sales Price [Curbed]

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Three Cents Worth Archive Curbed Miami
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[Three Cents Worth #266 NY] Inventory Is Rising, Just Not Enough

May 27, 2014 | 2:01 pm | curbed | Charts |

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

I took a look at Manhattan’s climb out of the depths of the inventory void, and things are changing, but at a glacial pace. On a monthly basis, inventory bottomed last August (but it boomed in the fourth quarter on a quarterly basis). Perhaps the only significant reason inventory has begun to rise is because housing prices are beginning to ramp up, and sales are below last year’s pace. Sellers with new found equity have begun to list their properties. However, rising inventory remains inadequate against demand and the imbalance between supply and demand remains significant—and forget about the new development boom, that’s not going to help the overall market. The above chart shows a long view of the monthly Manhattan co-op and condo peak and trough and provides context on how low current supply actually is….

[My post title was originally "Biggest Inventory Rise in Decade, Just Not Enough" but wasn't used - the crack Curbed staff didn't think it was catchy enough.]

3cwNY5-21-14a
3cwNY5-21-14b
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My latest Three Cents Worth column on Curbed: Inventory Is Rising, Just Not Enough [Curbed]

Three Cents Worth Archive Curbed NY
Three Cents Worth Archive Curbed DC
Three Cents Worth Archive Curbed Miami
Three Cents Worth Archive Curbed Hamptons

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[Three Cents Worth #265 NY] Gap Between Starter, Luxury Markets Grows

May 14, 2014 | 1:48 pm | curbed | Charts |

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

I thought I’d bring out another way to measure the market since we’re over-obsessed with “luxury.” The starter market needs more analysis since affordability is now a key topic of conversation across the U.S. right now. For the more than 20 years of releasing market reports, and in all the other markets we analyze, I have always defined “luxury” as the top 10 percent of sales in a given period. For the “starter” market, I inverted the analysis and defined it as the lowest 10 percent of all sales in a given period. I’ve parsed out the past three years of Manhattan apartment sales by quarter and measured the year-over-year change in average sales price for the luxury and starter markets. I selected “average” over “median” to suss out more volatility…

[My post title was originally "For Starters, Luxury Manhattan Is Further Away" but wasn't used - the crack Curbed staff didn't think it was catchy enough.]

3cwNY5-14-14
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My latest Three Cents Worth column on Curbed: Gap Between Starter, Luxury Markets Grows [Curbed]

Three Cents Worth Archive Curbed NY
Three Cents Worth Archive Curbed DC
Three Cents Worth Archive Curbed Miami
Three Cents Worth Archive Curbed Hamptons

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[Three Cents Worth #264 NY] Tracking How High People Buy In Manhattan

March 25, 2014 | 4:59 pm | curbed | Charts |

It’s time to share my Three Cents Worth (3CW) on Curbed NY, at the intersection of neighborhood and real estate in the capital of the world…and I’m here to take measurements.

Check out my 3CW column on @CurbedNY:

Spectators and participants in the Manhattan housing market have been burning a lot of calories talking about views, something the super luxury new development projects have been marketing as a key feature. I thought I’d look back over time to at what the average floor level of closed co-op and condo sales by quarter, and see if there is a pattern. I sifted through six years of data (note to self for rainy day: go back 25 years and break out condos and co-ops). While I’ve analyzed the value of floor level in Manhattan here and here before, I’ve never trended floor level and didn’t quite know what to expect…

[My post title was originally "Manhattan Rebound Not Because of Dizzying Heights" but wasn't Curbed staff didn't think it was catchy enough, ed.]

3cwNY3-25-14
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My latest Three Cents Worth column on Curbed: Tracking How High People Buy In Manhattan [Curbed]

Three Cents Worth Archive Curbed NY
Three Cents Worth Archive Curbed DC
Three Cents Worth Archive Curbed Miami
Three Cents Worth Archive Curbed Hamptons

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