GentleBirch
Property investor
I’m tracking New York serviced apartments priced from $884,000 to $1,326,000. The snapshot shows 10.3% movement and about 114 days on market, but condition seems to split the market: renovated units move quickly, while others sit and receive price cuts.
My working theory is that energy performance and renovation quality are creating more of that spread than headline buyer demand alone. I’d like to test that against recent completed sales rather than asking prices.
Does this match what others are seeing in the United States? Please name the New York neighbourhood and property type, and, if possible, say when price cuts occurred. Details on new-listing volume, withdrawn stock, buyer financing or seller motivation would also help, especially where neighbourhood boundaries affect the comparison.
My working theory is that energy performance and renovation quality are creating more of that spread than headline buyer demand alone. I’d like to test that against recent completed sales rather than asking prices.
Does this match what others are seeing in the United States? Please name the New York neighbourhood and property type, and, if possible, say when price cuts occurred. Details on new-listing volume, withdrawn stock, buyer financing or seller motivation would also help, especially where neighbourhood boundaries affect the comparison.