Your weekly market update has arrived. Brought to you by the Martin Eiden Team at Compass.  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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compass

Market by Martin


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at Compass

New and Noteworthy

Compass is the #1 Brokerage in BK!
Today is yet another monumental day for Compass. We are the #1 Brokerage in Brooklyn in both closed sales volume and in number of deals in 2021! This stat only further solidifies the incredible work we've done to establish Compass as the top luxury brand in the Brooklyn market. We are thrilled to have been a part of this journey and can't wait to see what is in store for the future! (Full Story)
Home Prices Continue to Climb

With an average annual price increase of 11.5% across 150 cities, this is the highest rate of growth since the third quarter of 2004. Home supply was tight before the pandemic made it worse, as many families looked for bigger homes to adapt to remote work and remains a key factor in BofA’s forecast for home prices to climb 15% in 2022 and 5% in 2023. (Full Story)

The End of COVID Deals Leaves Many Struggling to Find Affordable Housing

When the pandemic first began, many landlords in places like New York City offered prospective renters perks, such as waiving broker fees or free rent for a month. Those deals are long over, and many parts of the country are seeing double-digit jumps in rental prices. In NYC, rents have increased on average by 30% in the past year. (Full Story)


Team News

Launching Soulful Staging and Design

This week, our very own Shawn Wilson launched his stand alone styling and staging company: 


Soulful Staging and Design! 


With all of the experience, knowledge and creativity Shawn brings to his work, it was only a matter of time before he created this business as a stand alone service. He has styled and staged hundreds of homes for the Martin Eiden Team over the last 15 years, and we are so excited to see him take it to the next level. He and his team are available for hire, so reach out if you are interested in using Soulful Staging's services! 


To see more of his work, check out: 


Our Properties

114 West 17th Street, Unit 5F
Chelsea
5 Bed | 2.5 Bath
575 Park Avenue, Unit 1407
Upper East Side
4 Bed | 3 Bath
24 Cornelia Street, Unit 14
West Village
Studio | 1 Bath
610 West End Avenue, Unit 8D
Upper West Side
4 Bed | 3 Bath

We are partnering with Block: a home renovation platform that helps you design, plan, and build all in one place. If you are planning a home reno, use Block to get an on-site estimate of costs before you even start. Plus use offer code APKSTEPTXU to get $500 off your materials purchase. Click here for more info. 

© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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