Recent content by John Walkup

After hundreds of requests, we are proud to announce the launch of UrbanDigs Private Advisory! UrbanDigs Private Advisory brings our expert, independent analysis to your specific situation. From price opinions to price cuts, we create a customized report that gets deals done. Private Advisory...

After hundreds of requests, we are proud to announce the launch of UrbanDigs Private Advisory! UrbanDigs Private Advisory brings our expert, independent analysis to your specific situation. From price opinions to price cuts, we create a customized report that gets deals done. Private Advisory...

I don't see any harm in politely asking. If you don't ask, they can't say yes :)

Check this out - the dollar volume of signed contracts in the 2Q of 2021 is a record by far. Moreover, look at the slope from q1 to q2 - it's also the mot intense on record..... it's nuts out there, right now.... BUT since 2004, only 3 years have seen $ vol increase from q2 to q3. One of those...

We just did a piece on this - while there is more supply now vs last year, the demand is just outstripping it, leading to the impression that there's nothing there. There's plenty there, but the good stuff goes fast! Also, notice studios are the weak link.... size matters!

If Manhattan real estate is accelerating to ludicrous speed, Brooklyn must be pure plaid!

A look a the # of price cuts suggests it's the sellers who are budging first....

Some great wisdom here :) “Despite fluctuations in market conditions, it appears the one constant to selling fast and at the highest price in Manhattan is pricing a property ‘right’ and meeting the market.”

Interesting take! 2014 was a hot market getting hotter and while it emerged out of a recovery story similar to 2021, 2014 was defined by a lack of inventory. Mid-March 2014 saw ~3700 actives vs ~7000 today. So I'm not surprised that today's off market is higher: there is more on the market. If...

Gotta think the bottom is in for malls. The recovery may not be vertical, but I would guess we've already seen the worst.

Ha - you're exactly right!

A couple of quick thoughts: The Brooklyn market is firing on all cylinders right now. Buyers are paying premiums for renovations because post-covid they tend to take longer and cost more. With that in mind, I'm not surprised you're seeing some higher prices for turnkey, renovated units.

Got some emails about why the renovated line is much smoother: low volume. There are just more renovated units on the market at any given time compared to unrenovated units.

Clelia Peters nails it: Compass Is Funded Like A Tech Company. Is It One, Though?

Must be measured to the outside wall ...