Monthly Archives: July 2015

155 West 68th Street Dorchester Towers Condo Market Report July 2015

155 West 68th Street Dorchester Towers Condo Market Report July 2015

In 2015, the sale of Dorchester Towers have been strong and steady. We are seeing both buyers and sellers have responded to the lack of supply within the condo re-sale market place.

Many buyers have been bidding away at prime properties once it is on the market and sellers have achieved good pricing with realistic expectations.

When we look at 2014, the past year market created a trend where some sellers and Real Estate brokers continued to push prices to a level where buyers backed away until either a realistic price adjustment happens.

INFOGRAPHIC_Dorchester_WEB

When we look at Dorchester Towers market, the ‘Average Days on Market’ increased from 40 days to 54 days before a contract was signed.

The Price negotiability increased from 2.5% (2014) to about 5.4% (YTD 2015). This increase DOES NOT indicate prices are decreasing, in fact the prices are still holding and increasing in certain segments, this is indicating that we are seeing a more measured price appreciation.

Price Analysis

  • Alcove Studios: Up about $100 sq/ft since 2014
  • One Bedrooms: Holding steady since 2014
  • Two Bedrooms: Increased $200 sq/ft since the last sale in 2013

In today’s market, we are seeing the new construction condo market is the most popular segment of the market place.

For brand new renovations or recent renovations, buyers will pay a premium and the likelihood of multiple offers is at its highest.

Dorchester_towers_condo2

Continuing into the rest of 2015, with continued low Inventory levels, still historically low mortgage rates for those that need financing, and an overall confidence in New York City as a global safe haven, all indicators of a healthy and active Real Estate Market.

We are Morgan Evans and Eileen Hsu, residents of the Dorchester Towers and we the consistent top selling Real Estate agents for the Dorchester Towers Condominium.

We have the most thorough  track-record of results of any sales team, and we sell Dorchester for the best price and fastest compare to any other agent.

If you are an owner and are thinking of selling or renting your Dorchester Tower condo unit, Contact us for a confidential discussion of your Dorchester condo unit at (917) 837-8869.Or email us at Morgan.Evans@elliman.com or EHSU@elliman.com

Financial District One Bedroom condo with Home Office (JUST SOLD)

Financial District One Bedroom condo with Home Office (JUST SOLD)

40 Broad Street apartment #21E at The Setai Wall Street is a large one bedroom with home office offers a very flexible layout and one and half bathroom.

This apartment has high ceiling of 10’3″ heights with modern loft feel. The living room is also well layout to able to fit all the modern taste furniture with kitchen open to the entertaining area. The functional layout works well with any furniture arrangement.

40BroadStreet_LivingRoom

The oversized master bedroom can have a seating area and as well as a King size bed set.

40BroadStreet_Bedroom

The kitchen is upgraded with glass back-splash and high-end appliances. This is an additional upgrade, no other unit in the building has it.

40BroadStreet_Kitchen

The Setai Wall Street located at 40 Broad Street offers great amenities such as full time Doorman and a full-service concierge, wonderful rooftop terrace with city and water views, social lounge, 6,000 square feet state-of-the-art fitness center and access to the Setai Spa.

This 40 Broad Street unit is now sold, please contact us if you are an seller in Financial District and would like to sell your Financial District condo unit. We maximize your profit and will bring you all cash buyers.

There are many comparable units such as this one, or if you would like to be on the VIP list to be on the first to know basis, please contact us at (917)837-8869.