Talking Comps Analysis / The SE Condo Index
A: I find myself getting into more and more talks about comps analysis lately and just wanted to put some thoughts into an article. My main point will continue to be: perform a comparable market analysis using the least amount of adjustable variables as possible! The more variables that you introduce that require adjustments, the more you will degrade the ultimate analysis. The simple solution to ...
Manhattan Neighborhood Supply Trends
A: As we get into the final days of January, lets take a quick look at how supply trends have been faring across Manhattan. In this post I will show you the "% CHG" in Active Supply trends for all Manhattan neighborhoods over the last three months & the last 12 months. The 3-mth trend will tell us how recent supply trends feel 'in the field' right now as buyers and their brokers seek out new produ ...
How to Interpret The Trend: The Anatomy of a Chart
A: Interpreting real-time Manhattan charts could at times be very confusing, leaving us to wonder what the ultimate market signal is that we may be missing. Between positive and negative correlations and seasonality, are the charts telling us that the market is weakening, strengthening or simply 'bouncing around'? Enter Ana Maria Sencovici, agent at Douglas Elliman and publisher of The Apple Peel ...
