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Posts Tagged ‘Elliman Report’

PBS NBR CNBC Video – State of U.S. and Manhattan Luxury Market

August 22, 2018 | 12:31 pm | TV, Videos |

CNBC clip

NYC luxury apartment sales drop from CNBC.

PBS Nightly Business Report clip


[Story with 2 clips begins at 18:20]

CNBC’s Diana Olick reports on luxury home sales dropping in NYC due to tax laws and fewer international buyers.

It is past the middle of August so it was odd to see that the Wall Street Journal ran a story that covered a new “half-year” report by a brokerage firm on the Manhattan luxury market from January 2018 to June 2018. But it was a good story nevertheless.

Almost two months had passed since that reporting period so CNBC reached out to me in response to talk about our already released first and second quarter Elliman Reports, as a segway to the luxury homebuilder Toll Brothers record earnings release.

More importantly, I didn’t wear a tie at the 30Rock studio interview. Hey, it’s summer.

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Bloomberg Markets Interview: July 10, 2018, Manhattan Housing Market

July 11, 2018 | 9:07 am | | TV, Videos |

I enjoyed my sit down with Vonnie Quinn and Shery Ahn on Bloomberg Markets yesterday. The discussion focused on the release of the Elliman Report: Q2-2018 Manhattan Sales that I have authored since 1994 and the Bloomberg story that covered it.

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Bloomberg Markets Interview April 3rd, 2018

April 15, 2018 | 4:00 pm | | TV, Videos |

I’m a bit late to post this interview but the content is still relevant since it addresses the sales slowdown we are seeing across the NYC metro area. I had a fun conversation with Bloomberg’s Julie Hyman and Julia Chatterley on “Bloomberg Markets.”



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NYT Calculator Chart: The Resale Pendulum Swings Toward Middle

January 21, 2017 | 2:50 pm | | Charts |

I love the way the NYT Real Estate section handled the data from our Elliman Report series to present the Manhattan resale market.

2017-1-22NYTcalculator

I added my chart on bidding wars below – falling as supply enters the market, causing resale prices to soften.

4qoverlistmanhattan

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Manhattan Report 3Q15 Just Published

October 1, 2015 | 8:06 am | | Reports |

Manhattan_3Q_2015

The Elliman Report: Manhattan Sales 3Q-2015 we author on behalf of Douglas Elliman Real Estate was published today. It’s part of our report series that has been expanding since 1994.

Here’s a brief summary but I’ll provide a more thorough explanation of the results in tomorrow’s Housing Notes (don’t just stare blankly at the screen, please sign up for my free weekly newsletter here.)

  • Median sales price was second highest on record, highest since 2008
  • PPSF set 26 year record of $1,497 per sqft
  • Year-over-year sales increased for first time in a year as pent-up demand from financial crisis has been fully absorbed
  • Listing inventory growth stalled in 2015 after bottoming at the end of 2013
  • 51% of all sales were cash purchases, up from 43% a year ago
  • 53.9% of all sales were “at or above” list price at time of contract, a seven year record
  • Luxury housing prices did not see the same growth as overall market
  • Days on market was lowest (fastest) in 15 years at an average of 73 days
  • Larger price gains seen in larger apartments such as 2, 3, 4 bedrooms than studios – 1 bedrooms
  • New development market share of closed sales continued to rise

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