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Chief Blogger: Christopher Dente, Director of Public Relations | 212.685.7777 | cdente@citi-habitats.com
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Market Reports

Mortgage Rate Update
Posted by Christopher Dente |  November 16, 2009



Regular Mortgages



Jumbo Mortgages

Source: BankRate.com

View: three months

 

5/1 A.R.M.        4.09%
15-Year Fixed  4.60%
30-Year Fixed  5.02%

 

 
 

 

 

5/1 Jumbo         4.77%
15-Year Jumbo  5.39%
30-Year Jumbo  5.89%

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Filed under: Market Reports, New Developments, Sales
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The Alliance for Downtown New York - Q3 2009 Real Estate Market Overview
Posted by Christopher Dente |  November 12, 2009


The Alliance for Downtown New York - Q3 2009 Real Estate Market Overview

Though the global recession continued to impact Lower Manhattan in Q3 2009, the real estate market outperformed other business districts and showed signs of stabilization. There was a notable uptick in leasing activity between July and September, highlighted by the signing of two of the city’s largest leases this year. Meanwhile, residential vacancy rates remained very low, and hotel prices and occupancy outpaced the greater New York City market. Additionally, 21 retailers opened their doors this quarter, ranging from a national steakhouse chain to delis, clothing stores, and hair salons.

Click here to read the Q3 2009 Real Estate Market Overview, covering office, residential, hotel, and retail market performance.

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Filed under: Manhattan, Market Reports, New Developments, News, Rentals, Sales
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Rental Market Analysis - October 2009
Credit to: Christopher Dente
Posted by Christopher Dente |  November 12, 2009


Average Rents October 2009

Market-wide for Manhattan, the average October 2009 rental price for a studio was $1,731, representing a decrease of 1% from September 2009; a one bedroom, $2,384 representing a decrease of 1% from September 2009; a two bedroom, $3,307 representing a decrease of 1% from September 2009; and three bedroom, $4,494 representing a decrease of 1% from September 2009.

Vacancy Rates October 2009

The overall vacancy rate for Manhattan for October 2009 was 1.86% representing a slight increase in the vacancy rate from the September 2009 rate of 1.83%.

A comparison of vacancy rates, by neighborhood, reveals that the SoHo/Tribeca area had the least amount of available apartments at .95%, while the Upper East Side, at 2.41%, ranked highest.

Please click here to view the entire report.

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3rd Quarter 2009 Manhattan Sales Market Report
Credit to: Christopher Dente
Posted by Christopher Dente |  October 15, 2009


Please click on the image to view the entire 3rd Quarter 2009 Manhattan Sales Market Report

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3rd Quarter 2009 Report - Manhattan Residential Rental Market
Credit to: Christopher Dente
Posted by Christopher Dente |  October 15, 2009


Average Rents 3Q 2009

Market-wide for Manhattan, the average 3Q 2009 rental price for a studio was $1,760, representing a decrease of .3% from 2Q  2009; a one bedroom, $2,423 representing a decrease of .2% from 2Q 2009; a two bedroom, $3,481 representing a decrease of 1.9% from 2Q 2009; and three bedroom, $4,591 representing a decrease of 1% from 2Q 2009.


Vacancy Rates 3Q 2009

The overall vacancy rate for Manhattan for 3Q 2009 was 1.71% representing a decrease of 0.17 in the vacancy rate from the 2Q 2009 rate of 1.88%. A comparison of vacancy rates, by neighborhood, reveals that the SoHo/Tribeca area had the least amount of available apartments at .1.08%, while the Upper East Side, at 2.41%, ranked highest.

Please click on the image to view the Manhattan Residential Rental Market 3rd Quarter 2009 Report.

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Filed under: Manhattan, Market Reports, New Developments, Rentals
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