The East End powered into 2021 with a huge first quarter: Closed sales jumped a huge 89 percent in the Hamptons and 55 percent on the North Fork.
Market Reports
The Manhattan rental market surged during March: Rents were down across the borough, and contract signings jumped by an average of 220% over 2021.
The Palm Beach market remains white-hot, with the number of closed sales up 109% and closed sales volume hitting a record high, exceeding $1.2 billion.
In Manhattan and Brooklyn, 2021 started strong: pent-up demand, increased purchasing power, and desire for more space powered a remarkable rebound.
Manhattan’s townhouse market saw a Jekyll-and-Hyde 2020: Sales slowed to a halt during first half of the year but skyrocketed during the 4th Quarter.
February was an excellent time to be an apartment-hunter in Manhattan and Brooklyn: Rents dipped across both boroughs, but inventory dropped, too.
Optimism generated by the long-awaited arrival of COVID-19 vaccines may be having a positive effect on the rental market in Manhattan and Brooklyn.
The year went out like a lion on the East End. Closed sales during Q4 jumped 68% year-over-year in the Hamptons and 26% on the North Fork.
December was a good time to be an apartment-hunter in Manhattan and Brooklyn: Rents dipped, inventory was robust, and incentives were plentiful.