Market by Martin | January 27th ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Market by Martin

Brought to you by

The Martin Eiden Team

at Compass

New and Noteworthy

Q4 Manhattan Market Info

Manhattan, more than any place

in the country, defies national trends

and expectations. The average

apartment in Manhattan sold for

$2,000,542 in Q4– an 8.2 percent

price increase compared to last year.

Buyers–local, national, and

international–continue to see the

value of owning property in the

world’s capital and are willing to pay

a premium even now. (Full Report)

Mortgage Interest Rates Are Lower Than You Think

That's good news for buyers and sellers. This week we saw rates of 4.85% for a 30-year fixed jumbo loan, the kind of loan a New Yorker would probably take out on anything from a one bedroom co-op on up. If you only relied on what you saw in the media, you'd think that current interest rates are over 7%.

(Full Story)

Team News

Q1 2023

All this talk about the past...what about the future?

Or even the present?

In the last two weeks, we've had 5 buyers reach out saying they are ready to re-enter the market, 3 of our listings received offers in the last 5 days, 2 days ago one of our buyers was one of 12 offers - yes 12 offers.

What is going on?

Well, according to Bloomberg, the economy is very strong, the real estate market is ticking up, and interest rates are the lowest they've been in the last 4 months.

If you are considering dipping your toes into the real estate market, this could be your golden opportunity. Things haven't looked this good in many, many months and this may not last for long. If you want to learn more about this market and how we can help you in your real estate journey, feel free to reach out. We are always happy to chat!

Watch Full Update

Our Properties

610 West End Avenue, Unit 8D Upper West Side 4 Bed \| 3 Bath	575 Park Avenue, Unit 1407 Upper East Side 4 Bed \| 3 Bath
71 East 77th Street, Unit 9C Upper East Side 2 Bed \| 2 Bath	227 Ocean Parkway, Unit D1 Kensington Studio \| 1 Bath

See All Properties

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.

Martin Eiden Team

M: 917.701.8898
met@compass.com

martineidenteam.com

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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.