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The Deanna Kory Team Special Edition eNewsletter
The Deanna Kory Team
April 14, 2015
Deanna Kory, Licensed Associate Real Estate Broker, The Corcoran Group
660 Madison Avenue, New York, NY 10065 Email: dek@corcoran.com Phone: (212) 937-7011
Monthly Market Snapshot January 2015
» click to download report

Just Released: Monthly Market Snapshot
March 2015

 
March led off the spring buying season with price increases market-wide fueled by persistent demand and continuously low supply. Every price metric and bedroom category for both condos and co-ops saw annual increases with some significant gains. While condo units saw a slight 2% inventory increase, co-ops have 8% fewer listings than a year prior blending to 2% fewer listings market-wide. Contracts signed remained strong, particularly among co-ops. One bedrooms had an increased share of sales compared to March 2014, making the large price gains even more remarkable. 54% of sales this month sold at or above asking price, a result of the increasingly tight market, particularly for co-ops.

Days on market reflected the condo/co-op markets slight divergence with average time to sell a unit up 13% for condos but down 10% for co-ops. Inventory remains very limited, especially among resales, co-ops, and units under $5M. Over 1,800 new development units are anticipated to launch in the next three months with more than 1,100 units at entry and midmarket levels of under $2,300 per square foot, which will bring much needed new supply to the market.

There are many ready, willing and qualified buyers looking to purchase right now, but with limited inventory they can't find the right property.  You may be surprised by what your home is worth in this market.  If you're interested in a confidential evaluation of your property I would be happy to help. Please call me at 212-937-7011 or email at dek@corcoran.com.

Regards,

Latest News

Avenue Magazine
MadMen and Women of Real Estate
April 2015

Deanna joins her fellow top agents of Corcoran and CEO Pamela Liebman for Avenue Magazine's Mad Men and Women of Real Estate. Perfectly timed to circulate after the last episode of the show! The top brokers in the city get into character of the era. What a fabulous spread!

Click here for the full article.
 

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The Deanna Kory Team is: Deanna Kory, Ileana Lopez-Balboa, Stacey Pashcow, Jane Martin, Lynn Nguyen, Carlin Wright and Cindy Kitch
*Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker located at 660 Madison Avenue, NY, NY 10065. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Corcoran makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer.
deannakory.com 
The Deanna Kory Team
The Corcoran Group
590 Madison Avenue
New York, NY 10022

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