Sue Lal, Home Buyer in New York, NY

PRICE IS GOING UP OR NOT

Asked by Sue Lal, New York, NY Sun May 20, 2012

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Answers

10
Meena Gujral’s answer
I wonder if you are looking to sell or buy. The prices are going up and it is a seller's market. Almost every property is selling with multiple offers. If you are a seller, it is a great time to sell. Inventory is very low and there are many buyers looking for a home.


Meena Gujral
Help-U-Sell Achievers Realty http://www.helpusellachievers.com
925-425-9491
0 votes Thank Flag Link Thu Apr 4, 2013
If you are looking to sell or buy ask your agent for a cma, comparative market analysis, review the data, and go from there.
2 votes Thank Flag Link Sun May 20, 2012
Prices are not increasing in our area. There is a flood of homes for sale though, but lots of them are not moving that quickly.
0 votes Thank Flag Link Fri Apr 12, 2013
Prices are going up. It's becoming a sellers market as you may already know.
0 votes Thank Flag Link Thu Apr 4, 2013
Hi Sue,

Not at this moment. So now would be a great time to buy.

--
Patricia Saada

BSD Equities
174 Fifth Avenue #301
New York, NY 10010
Office: (212) 367-7200 Ext.18
Cell: (646) 269-4942
Patricia@bsdequities.com
http://www.bsdequities.com
0 votes Thank Flag Link Mon May 21, 2012
They say "all real estate is local", and that is true today. In Greater Boston (in general) the direction is UP. We won't know for certain until the properties that went under agreement during the early Spring market actually close. The direction of listing prices is certainly going up. It is fair to assume that, when a new listing goes under agreement within days of being listed, an offer close to list price (or above) was achieved. Time will tell, and we will know it soon.
0 votes Thank Flag Link Mon May 21, 2012
Real Estate is local, and can be hyper-local. Contact an agent in your area and get them to provide you with detailed data. For example, on my web site, you will see some great overviews of market statistics for the areas where I work - just click on "Market Stats" at http://www.VickyChrisner.com and you can see the types of things you should be asking for specifically.
0 votes Thank Flag Link Sun May 20, 2012
Hello Sue. There are no hard and fast answers to your question, full stop. When we look at data it is always the immediate past quarter. There is no crystal ball that point to a specific market direction though many believe 2012 to be some sort of turnaround year. That remains to be seen.

As a general concept, the overall economy and consumer confidence will trigger sustained purchasing activity and that can trigger upward price movement. We all need to wait and see. I will say one thing. We are certainly in a period where best values can be found. Couple that with historic low interest rates and it is indeed a good time to buy. Please click the link below for the Prudential Douglas Elliman 1st Quarter report for Manhattan. You can download a PDF copy for yourself. I hope this data will give you an idea of the current market. Good luck.

http://www.elliman.com/reports-and-guides/reports/new-york-c…
0 votes Thank Flag Link Sun May 20, 2012
prices are definately increasing. market is in an upward trend, now would be a great time to buy.
0 votes Thank Flag Link Sun May 20, 2012
Could be going down, but we don't know what you are thinking about.
0 votes Thank Flag Link Sun May 20, 2012
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