October 2024 E Blast

Fall Into October!

Please read on for market updates, new listings and local NYC events happening in October.

As always, talk soon,

Alana

Market Updates

Contract numbers have increased 22% in Manhattan and 30% in Brooklyn over the last few weeks despite the low supply of homes.

The supply of homes has trended upward over the last few weeks as the fall real estate season is in full swing.

However, the federal election year effect will continue to impact the market until possibly 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 6.44% according to Freddie Mac's US weekly avg. on a 30-year fixed. 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 859 contracts signed.

Brooklyn had a total of 585 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!

Just Listed- Washington Plaza-Jackson Heights

South and West facing 2-bed unit in this gated garden community is available for $615K.

Let me know if you are interested. The next open house is 10/27 by appt.

On Market- Gramercy Park Units

High Floor 1-bed units 15A and 6E are both well renovated and located next to the private Gramercy Park with which owners get a key.

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 Move Meter to see the differences in quality of life between NYC and other areas of the US. If you are moving, let me know and I can set you up with an agent in your desired locale.

Sample Opportunities:

4 bed 4 bath home in Mountainside, NJ - check out the video tour here by Jeanmarie Morgan

5 bed 4 bath home in Carlsbad, CA - check out the property here by Linda Callahan

Local Happenings

NYBG Nightmare Before Christmas Exhibit-through Oct

Kodansha House: Where Manga Meets-through Oct

Village Halloween Parade-Oct 31st

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

Looking For Past Newsletters?

Alana C. Lindsay

LICENSED REAL ESTATE SALESPERSON

516.522.0114

alindsay@cbwarburg.com

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