Your weekly market update. Brought to you by the Martin Eiden Team at Compass.  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Market by Marty


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New and Noteworthy

We're Seeing Signs Of Buyer Confidence As Labor Day Approaches

Last week in Manhattan, 205 contracts were signed; a 9.6% increase over the previous week. Brooklyn saw 147 contracts and a 9.7% increase, virtually identical to Manhattan's.

Despite higher interest rates and economic uncertainty, there haven't been a huge number of buyers backing out of contracts. (Report)


Evidence For A New Bull Market In Stocks Is Rapidly Piling Up

This was the answer Mike gave to the question about how he went bankrupt in Earnest Hemingway’s “The Sun Also Rises.” It’s a good way to think about how any change occurs when viewed without a proper perspective. 

In the stock market, themes that first emerged over the second half of 2021 persisted for the first half of 2022. (Full Story)


Toll Brothers Brings in Sculptor On Their Latest Manhattan Development
Sculptor Capital Management has taken a minority stake in the Rockwell - a 13 story, 81-unit condo on the Upper West Side. The project near completion and sales will start in the fall. The residences will feature high-end luxury finishes and residents will enjoy a best-in-class amenity package. (Full Story)

Team News

NYC Sellers Seminar

JOIN US NEXT TUESDAY!


In this webinar, we let you in on industry secrets that will help you sell your home for more money in less time using sophisticated tools that only experts know.


 We will tell you the mistakes many sellers make and how to avoid making them yourself.

 


Learn The 3 P's:

Preparing your home for sale.

Promoting your listing.

Pricing correctly to get top dollar. 



Attendees will be entitled to our Complementary Styling and Staging services by Soulful Staging and Design!


Martin Eiden: NY Associate Broker, Compass

Alex Mahgoub: Seller Specialist, Compass

Ramzis Hadzhi: Seller Specialist, Compass

Shawn Wilson: Stager, Soulful Staging & Design

Special Guest: Gary R Katz Esq. - Real Estate Attorney

Special Guest: Michael Stein - Mortgage Broker


We have assisted thousands of Home Buyers and Sellers reach their real estate goals. Spots are limited.


TUESDAY, AUG 23RD

7PM - 8PM


Register today! 

Link below:

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

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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