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This December 2012 market update by Kelly Killian, Vice President at Bond New York, highlights key trends in the NYC condo market. Adjusted for seasonality, the data indicates consistent high growth throughout 2012, particularly in Manhattan and areas like Queens and Brooklyn, which are emerging as desirable locations. The report discusses the impact of foreign investment and the prevalence of cash purchases. Additionally, it addresses financing concerns related to non-warrantable buildings and speculates on the ongoing growth of hypercities.
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Dec 2012 Market Update Kelly Killian Vice President – Bond New York Cel: 954-675-9915 Kkillian1@gmail.com
Case Schiller NYC Condo • Considering seasonality of pricing, this is quite consistent and high growth across 2012
Condo Market • Manhattan • Foreign Investment • High to All Cash Purchases • Financing Concerns/Non-Warrantability of Buildings • Future – Growth of Hypercities • Queens • New Hip Place to Be (Western Queens) • Brooklyn • Continued growth across the borough in condos