September 2024 E Blast

Let The Games Begin, September!

Please read on for market updates, off-market properties, new condo info, and local NYC events happening in September.

As always, talk soon,

Alana

Market Updates

Contract numbers are trending upward despite the low supply of homes, with contract numbers being higher this year than the same time last year.

The supply of homes has started to trend upward over the last few weeks as the fall real estate season has begun. The Fed also cut the rates this week and that is expected to help accelerate more supply and demand in the housing market.

However, the federal election year effect will continue to impact the market until the end of November. For federal election years deal volume slows from around July 4th through the end of November and then exceeds expectations in the following months post-election.

Interest rates are currently at 6.2% according to Freddie Mac's US weekly avg. on a 30-year fixed. This is the lowest level since Feb 2023. Read more here.

Let's discuss! Are you planning to reach any real estate goals over the fall season? My contact info is below.

Contract Numbers:

Manhattan had a total of 689 contracts signed.

Brooklyn had a total of 468 contracts signed.

Alana In The News

Check out the articles in the Press Section where I have been featured giving insight on the average cost of buying a home in the US, what a pocket listing is and more!

Press Section

Featured Properties!

Off-Market- Washington Plaza-Jackson Heights

This non-market 2-bed unit in this gated garden community is available for $615K.

Let me know if you are interested.

Off-Market- 1706 Himrod St- Ridgewood!

This non-market 6 unit multifamily in Ridgewood is available for $1.7M.

All units are 2 beds and 1 bath.

Net Operating Income = $147,544

Let me know if you are interested.

Check out The Austin in Forest Hills which launches in Q4 of 2024 with prices starting at 814K.

The final Certificate of Occupancy was just issued for 458 Saint Marks Avenue in Crown Heights and 76 West 105th Street in Manhattan Valley.

Let me know if you are interested in these or more new development projects!

Local Happenings

Japan Fest UWS Sept 28th

Morningside Lights Sept 21st

Le Dîner en Blanc Sept 26th

If you have been considering selling, this is a fantastic time to sit down with an agent and discuss strategy.

Start by looking at the currently available inventory. If your apartment would stand out in comparison to the competition, that's your sign to get it listed as soon as possible.

Pricing it competitively will draw more buyers. Please feel free to reach out if you have any questions or are considering the idea.

And remember, I am not just here to sell your home, I am here to help you reach your goals.

LEAVE ME A REVIEW

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Alana C. Lindsay

LICENSED REAL ESTATE SALESPERSON

516.522.0114

alindsay@cbwarburg.com

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