Category Archives: Market Insight

For Sale By Owner Market Evolving

Posted on April 22, 2009 by Doug Heddings

Although there are still a very small percentage of owners who attempt to sell their own properties, those who are have become more savvy and sophiisticated in their efforts.  The owners of a 2BR/2BTH apartment in Lincoln Towers on the Upper West Side have designed … Continue reading →

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Manhattan Market Snapshot: 3/6-4/3/2009

Posted on April 21, 2009 by Doug Heddings

The following data represents Prudential Douglas Elliman CONTRACTS SIGNED for all of New york City for the weeks ending 3-6-2009 through 4-3-2009: Average Sales Price: 1,029,091 Median Sales Price: $666,250 %Discount from Last Asking Price: 9.70% %Discount From Original Asking … Continue reading →

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Home Sellers Fighting a New Fight

Posted on April 10, 2009 by Doug Heddings

With all the negative press that the Manhattan real estate market is getting these days and a veritable stalemate occurring between buyers and sellers, Manhattan property owners are shifting their perspectives on how to best sell their homes in a … Continue reading →

Posted in A Broker's Job, Market Insight | 1 Comment

Manhattan Market Reports: Link-O-Rama

Posted on April 3, 2009 by Doug Heddings

Well better late than never.  Here is a list of links to all of the Q1 2009 Manhattan Residential real estate reports and absolutely no surprises.  Volume has dropped by more than half and median prices of resales are down … Continue reading →

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When Broker is Seller: Double Standard?

Posted on April 2, 2009 by Doug Heddings

Last Spring, I attempted to convince my wife that we should sell our 3BR condo on the Upper West Side, bank a nice profit, and move to a rental.  She couldn’t be persuaded and pointed out that we didn’t need to sell … Continue reading →

Posted in A Broker's Job, Market Insight | 9 Comments

Confusion Abounds in Manhattan Real Estate Market

Posted on March 31, 2009 by Doug Heddings

The current Manhattan residential real estate market couldn’t possibly be more confusing.  I’m not just talking about buyers either.  All the players in the game are trying to make some sense of the market as a whole.  Here’s what I’m … Continue reading →

Posted in A Broker's Job, Market Insight | 4 Comments

Mortgage Process Delays in Today’s Market

Posted on March 17, 2009 by Doug Heddings

Unlike the Manhattan real estate market of the past decade, many of today’s transactions include mortgage contingencies for buyers.  And until last week, it had been quite a long time indeed since I had a buyer request an extension to obtain … Continue reading →

Posted in A Broker's Job, Market Insight | 1 Comment

Lacking the Inspiration to Blog in Changed Market

Posted on March 13, 2009 by Doug Heddings

I’m absolutely embarrassed that I have not blogged since February 25 and this is without a doubt the longest dry spell since this blog’s inception.  No coincidence that it is also the most challenging market that I have seen in … Continue reading →

Posted in A Broker's Job, Market Insight | 8 Comments

Is There Anything To “Catch” For Manhattan Real Estate Bottom Fishers?

Posted on February 25, 2009 by Doug Heddings

As media reports continue to swirl about our struggling economy paired with the likelihood that it is going to get worse before it gets better, some prospective, yet reluctant purchasers continue to circle Manhattan real estate just watching asking prices adjust … Continue reading →

Posted in A Broker's Job, Market Insight, Tips & Advice | 19 Comments

Who Is Buying Manhattan Real Estate?

Posted on February 5, 2009 by Doug Heddings

One year ago in January of 2008 and for the 10 years prior to that, my business consisted of representing approximately 95% sellers of which about half were employed on Wall Street.  It’s no secret that Wall Street dynamics have changed drastically … Continue reading →

Posted in A Broker's Job, Market Insight | 3 Comments