In a recent Wall Street Journal article, How to Make Sense of New York’s Confusing Luxury Home Market, Katherine Clarke illuminates the volatile and complex state of the New York City luxury real estate...
Category - Press
Marketproof Illustrates Williamsburg Evolution in NY Times Story
“I’m a features reporter for the New York Times,” began the email I received last month.The reporter, Steven Kurutz, was working on a story about the evolution of Williamsburg, Brooklyn. And he sought Marketproof’s...
News: New development condo sales slow for second straight month (The Real Deal)
Brooklyn sees most dramatic decline of any borough, but activity remains far higher than pre-Covid After a buying craze that characterized much of last year, sales of new development condos slowed across the city in May...
News: Rising rates slow new development sales in Brooklyn, Queens (The Real Deal)
Manhattan stayed hot, but activity cooled in the outer boroughs, where buyers are more reliant on financing. New developments in the city reported 397 signed contracts for sponsor units in April, a 14 percent dip from...
News: NYC new development sales stay hot, but prices show signs of stabilizing (The Real Deal)
Sales of new development condos in the city just posted their strongest first quarter — and third-most-active quarter overall — since at least 2015, according to a new report from Marketproof. Developers in Manhattan...
News: New York’s First Supertall Tower Outside of Manhattan Rises in Brooklyn (New York Times)
The 1,066-foot Brooklyn Tower is launching sales as the luxury market once again booms, but concerns about supertall tower construction are still fresh in buyers’ minds. Among the apartments currently listed, the...
News: New development activity spikes in February — even in Queens (The Real Deal)
New development sales stayed hot in February. Developments reported 402 sponsor contracts last month, a 35 percent increase from February 2021, according to a report from Marketproof. They asked a combined $1.07...
News: There’s still plenty of new development condo units left to sell, Marketproof co-founder says (NY Biz Journal)
You’re not completely out of luck if you’re still in the market for a condominium unit in New York City, says Marketproof co-founder Kael Goodman. “There’s still plenty of inventory to sell,” Goodman told the...
News: Agents, developers see bright future for new NYC condos (The Real Deal)
New development sales opened the year on a strong note. The first week of 2022 saw 80 contracts signed in the city at an average asking price of $1,703 per square foot, compared to 58 contracts averaging $1,660 per...
News: Deals for new condos cooled in January (The Real Deal)
After capping off 2021 with stratospheric sales, New York’s new development contract activity came back to earth in January. Homebuyers signed contracts for homes in Manhattan, Brooklyn and Queens new developments...
