Posts Tagged: prices

What The Average Manhattan Rent Could Get You Abroad

Finding a home in Manhattan is notoriously hard, with rents steadily on the rise and an ever-growing influx of people looking to make the borough their home. For February 2016, MNS Real Estate reports the average Manhattan rent to be sitting at $3,850 (€3,411, £2,658), after spiking over $4,000 (€3,563, £2,812) towards the end of… Read more »

San Francisco’s Millennials Can Afford Just 135 Square Feet For Housing

The typical San Francisco millennial can only afford to buy 135 square feet of housing, the lowest buying power in the country, according to personal finance company SmartAsset. Despite the city’s strong job growth and its reputation for well-paying tech jobs for young engineers, wages haven’t kept up with soaring property values. This year, San… Read more »

Average Manhattan Apartment Now Costs Over $1 Million

The price of an average Manhattan apartment has passed the $1.9million mark after surging 60 per cent in the past 10 years. Remarkably, total real estate sales this year alone are expected to reach $24billion, and 190 apartments have sold for more than $10million each. The Manhattan market is traditionally composed of co-ops, in which… Read more »

Condos Outpace Single-Family Homes in Appreciation

Condos are back in the game as they outpace single-family homes in appreciation. A recent research study released by Zillow stated that condos are appreciating at 5.1 percent annually, outpacing the 3.7 percent rate of single-family homes in the United States. During the past recession, condos were hit hard by the sudden burst in the… Read more »

San Francisco Condo Prices Slip

San Francisco condominium prices fell last month and home sales lagged as the frenzied market cooled off. New condo prices fell 3 percent and resales slipped by 2 percent as the number of sales declined by nearly 20 percent between August and September, according to the Mark Co., a condo marketing firm. Paragon Real Estate… Read more »

Is It Time to Worry About Rising Interest Rates?

The Federal Reserve is likely to raise short-term interest rates later this year for the first time since 2006. Will it throttle the commercial real estate boom? That’s a multibillion-dollar question for investors. Real estate insiders talk about the rate hike the way doctors talk about wine: healthy in moderate doses. Even if higher rates… Read more »

How Living in a Gayborhood Affects Your Home’s Price

Gay neighborhoods are not just more expensive than most other neighborhoods in their metropolitan area, they also appreciate more quickly. In the last three years, home prices in neighborhoods with high numbers of male same-sex couples have increased by an average of 23%, according to a new study by online real estate service Trulia; prices… Read more »

Prices Up, Sales Down in San Francisco

Last month, the number of Bay Area home sales slowed to a crawl and hit its lowest level since the recession in 2008, according to the latest report from DataQuick. A slowdown is normal for January, but even compared with January 2014, sales are down, dropping 5.5 percent to a seven-year low of 4,439 houses… Read more »

Manhattan Condo Inventory, Prices Up

The Manhattan condo market saw a spike in the number of available units and prices in July, according to a real estate report released Thursday. StreetEasy’s report said the despite the 5.4% growth of inventory between July 2013 and this year, the number of available units is 16.2% below the five-year average level of inventory…. Read more »

Condo Prices Up Again Along the West Coast

Condominium prices rose again in June in downtown Los Angeles, San Francisco and downtown Seattle, according to The Mark Company’s Condominium Pricing Index. According to The Mark Company Trend Sheets, the value of new construction condominiums in downtown Los Angeles was up eight percent in June over the previous year. In San Francisco, the value… Read more »

Is the US Real Estate Market Stalling?

After picking up momentum over the last couple of years, there are some signs that the US housing market may be slowing. The Washington Post reports: The third installment of Freddie’s “Multi-Indicator Market Index” (or MiMi), which sizes up homebuying activity and other factors, found that only 10 states and the District of Columbia fall… Read more »

Scarcity Pushing Up San Francisco Condo Prices

The handful of developers currently selling condo units in San Francisco might seem like the luckiest guys in the city. Units are moving fast with projects selling out within months, and pricing has hit pre-recession levels at more than $1,000 per square foot. At Vida, a 114-unit project at 2558 Mission St., a pre-sales event… Read more »

US Housing Market: Roaring?

Over at the Washington Post, they’re reporting that buying a home is now as hard as it was five years ago. That’s right: According to the National Association of Realtors, it’s almost as hard to afford a house as it was back when the financial crisis started to hit in 2008. But is that good… Read more »

Oahu Condo Prices, Sales Soared in December

Oahu’s housing market continued to show some positive growth in almost every area except for the median sales price of single-family homes last month, according to statistics from the Honolulu Board of Realtors. The median sales price dipped nearly 1 percent from $605,000 to $600,000, comparing December 2011 to December 2012. But other than that,… Read more »

Hawaii’s Big Island Condo Prices Soaring

Big Island condominium prices ended on a high note last year while the median price of single-family homes saw only modest gains. In December, the median island-wide price of a condo on the Big Island jumped 53% to $328,500, compared to $212,500 in December 2011 according to data released by Hawaii Information Service and reported… Read more »

Hawaii’s Average Home Price Tops in Nation

A real estate company says the average four-bedroom, two-bathroom home is more expensive in Hawaii than any other state in the nation. Coldwell Banker said Wednesday says the average listing for a house that size is more than $742,000 in Hawaii. That’s well above Massachusetts, which ranked second with an average listing price just over… Read more »

San Diego Home Sales and Prices Up in October

The number of homes sold in San Diego County jumped by 31.3 percent in October, compared to the same month a year ago, while prices rose by 11.1 percent, a real estate information service has announced. A total of 3,622 homes changed hands in San Diego County last month, compared to 2,759 in October 2011,… Read more »

Seattle Real Estate Prices Surged in 2012

Prices for Seattle real estate have risen significantly in the past year, according to the most recent stats from the NWMLS. Shrinking inventories of homes for sale have contributed to significant demand and an increasingly competitive buyer’s market in the greater Seattle region. Northwest MLS home sales, which cover the Puget Sound region, are outpacing… Read more »

Toronto Condo Sales Drop, Prices Stall

Condo prices in Toronto have finally stopped climbing. After months of weakness in sales numbers, prices are now coming down in what some observers are calling the most overbuilt condo market in North America. The Toronto Real Estate Board (TREB) reported Tuesday that condo sales fell 20.5 per cent, year on year, compared to the… Read more »

Real Estate Pricing in Central America

A step towards a one stop pricing guide for homes in Central America, and perhaps one day MLS, comes from an enterprising Realtor in Managua, Nicaragua. “It’s a simple dataset that helps set expectations and compel action,” according to Claudia Gonella, co-founder of Reveal Real Estate. “We wanted to provide the most straightforward representation of… Read more »

Low Inventory Driving Up Home Prices in Monterey

Scant inventories are driving up home prices in Monterey County’s recovering housing market, as investors snatch up what’s available and leave the leftovers to traditional home buyers. Still, with interest rates at record lows and prices less than a half what they were five years ago, it’s a good time to buy — if you… Read more »

New York Home Sales, Prices Dipped in April

Monthly sales of existing single-family homes in the state of New York fell by 49 transactions in April but remained above the previous year’s tally, while home prices also took a step back, though also still remaining above the previous year’s levels according to the latest housing data from the New York State Association of… Read more »

New Orleans Home Sales Up, Prices Stagnant

Spring marks the beginning of a new season – not just for weather, but for housing. It’s considered by real estate experts to be the start of the home buying busy season. Local realtor Claudette Reuther said low interest rates may be helping with an uptick in sales. “The past few months have really picked… Read more »

FL: Tampa Home Prices Continue to Fall

Home prices continue to fall in Tampa and in most major U.S. cities as the nation rides a bumpy road to a real estate recovery. It’s further evidence, experts say, that the housing market will continue to weigh on the broader economy in 2012. The Standard & Poor’s/Case-Shiller index released Tuesday showed that prices dropped… Read more »

AL: Mobile Home Prices Down Slightly

The latest numbers on housing from the University of South Alabama show average sale prices are down in Mobile but increased slightly in Baldwin County. Pensacola’s median home sales are up according to Trulia.com. “The most important thing to remember is that for every one percent increase of interest rates, it will totally negate a… Read more »

WI: Home Prices Drop For Third Year

Led by business and forestland prices, property values in Wisconsin fell for the third straight year in 2010, though the drop was just over half of what it was the previous year. A report by the state Department of Revenue shows that the value of homes, businesses and other property in the state fell by… Read more »

LA: New Orleans’ Rent Prices Falling

New Orleans housing market is in better shape than much of the nation’s, and what renters may see as good news, real estate investors may see another way. Even though nationally rents are rising on all types of housing with some markets seeing rent jump 10-15%, here in the metro area there’s a very different… Read more »

ME: May Real Estate Prices Dropped 28% Year Over Year

The number of existing home sales in May dropped 28 percent compared to the same period last year, according to a Wednesday release from the Maine Association of Realtors. The median sales price also dropped slightly May-over-May, from $169,900 to $165,700, a 2.47 percent drop. The group reported that there were 784 units sold statewide… Read more »

AR: Real Estate Prices On Roller Coaster in 2011

Arkansas traditionally bucks the trend when it comes to declining economies and the same holds true for our housing market. “It is about location; it’s about what people are looking for at a given time,” says Amy Glover Bryant, Director of Communications for the Arkansas Realtor Association. Glover Bryant says the real estate industry has… Read more »

Home Prices in Tampa Still Dropping

In the first half of the aughts (2000-2005), home prices rose dramatically in the U.S., and few places soared higher in property values than in the Tampa Bay area. Although some real estate representatives boasted at the time that home values would only continue to rise, we all know that in fact they had peaked… Read more »

Will US Housing Prices Stabilize in 2011?

Are better times ahead in real estate? And are declining home prices likely in the coming year? Can both happen at the same time? That might be the case, according to a new analysis from Fiserv, Inc., an information management provider for the financial services industry. It says both that prices will stabilize — but… Read more »