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Showing posts with label Activity. Show all posts
Showing posts with label Activity. Show all posts
Wednesday, June 5, 2013
Thursday, January 10, 2013
Lower Manhattan’s Early November Rental Activity Down 70% Y-O-Y
Posted by Jonathan Miller - Thursday, November 29, 2012, 12:40 PM
I took a look at closed rental activity for the first part of November, two days after Sandy left us to observe it’s impact of rental activity in Lower Manhattan. For these purposes, I defined this area as the 4 zip codes of 10280, 10004, 10005, 10006 when trying to show a before and after metric. I could have gone later in the month (ie today) but I wanted to have a good week of data to fall in after the expiration of the period analyzed so the year-over-year was more comparable.
There were 199 closed rentals in this period in 2011 compared to 60 closed rentals in 2012, a 69.8% drop in rental activity. However, the decline is due to buildings being off line and there being initial access issues, not lack of demand. With 40 something commercial and rental buildings off line in a more broadly defined Lower Manhattan, inventory remains tight and it is hard to see much in the way of a reprieve in rental price levels as a result of the storm.
The mapping software I have isn’t able to reflect multiple apartment rentals in a building. Still, you can see fewer locations represented in 2012.
November 1-21, 2012
[click to expand]
November 1-21, 2011
[click to expand]
Tuesday, January 8, 2013
[More Activity, Later] 3Q 2012 Long Island Report
Posted by Jonathan Miller - Thursday, October 25, 2012, 2:37 PM
We published our report on the Long Island sales market for 3Q 2012. This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.
Key Points
Long Island
-Housing prices generally stable
-Listing inventory continues to fall sharply
-Pending sales outpaced closed sales reflecting a late season rise in activity
-Despite tight credit, record low mortgage rates are pulling more people into the market.
Here’s an excerpt from the report:
…The pace of the Long Island housing market has been accelerating. The rise in sales and sharp decline in available inventory resulted in the fastest absorption rate in nearly six years. Contract signings rose faster than the pace of closings on both a quarterly and year-to-date basis. Median sales price was $365,000, unchanged from the prior year quarter. Average sales price saw a nominal 0.8% slip from $457,496 to $454,037 over the same period. The second, third, and fourth quintiles saw no or nominal changes in median sales price compared to the prior year quarter, while the first and fifth quintiles declined 2.2% and 2.9% respectively over the same period. There were 5,638 sales in the third quarter, 9.7% above 5,141 sales in the same period last year. Pending sales saw a larger gain over the same period, rising 12.9% to 5,436 from 4,813. Year-to-date, these metrics showed a similar pattern, reflecting the expanding activity levels later in the year…
You can build your own custom data tables on the market – now updated with 3Q 12 data. I’ll post the updated 3Q12 charts soon. In the meantime you can browse our chart library.
The Elliman Report: 3Q 2012 Long Island Sales [Miller Samuel]
The Elliman Report: 3Q 2012 Long Island Sales [Prudential Douglas Elliman]
Market Chart Library [Miller Samuel]
Aggregated Custom Market Data Tables [Miller Samuel]
Wednesday, November 28, 2012
The Chicago Fed National Activity Index: October 2012
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Tuesday, November 20, 2012
The Chicago Fed National Activity Index: September 2012
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Thursday, November 15, 2012
[More Activity, Later] 3Q 2012 Long Island Report
Posted by Jonathan Miller - Thursday, October 25, 2012, 2:37 PM
We published our report on the Long Island sales market for 3Q 2012. This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.
Key Points
Long Island
-Housing prices generally stable
-Listing inventory continues to fall sharply
-Pending sales outpaced closed sales reflecting a late season rise in activity
-Despite tight credit, record low mortgage rates are pulling more people into the market.
Here’s an excerpt from the report:
…The pace of the Long Island housing market has been accelerating. The rise in sales and sharp decline in available inventory resulted in the fastest absorption rate in nearly six years. Contract signings rose faster than the pace of closings on both a quarterly and year-to-date basis. Median sales price was $365,000, unchanged from the prior year quarter. Average sales price saw a nominal 0.8% slip from $457,496 to $454,037 over the same period. The second, third, and fourth quintiles saw no or nominal changes in median sales price compared to the prior year quarter, while the first and fifth quintiles declined 2.2% and 2.9% respectively over the same period. There were 5,638 sales in the third quarter, 9.7% above 5,141 sales in the same period last year. Pending sales saw a larger gain over the same period, rising 12.9% to 5,436 from 4,813. Year-to-date, these metrics showed a similar pattern, reflecting the expanding activity levels later in the year…
You can build your own custom data tables on the market – now updated with 3Q 12 data. I’ll post the updated 3Q12 charts soon. In the meantime you can browse our chart library.
The Elliman Report: 3Q 2012 Long Island Sales [Miller Samuel]
The Elliman Report: 3Q 2012 Long Island Sales [Prudential Douglas Elliman]
Market Chart Library [Miller Samuel]
Aggregated Custom Market Data Tables [Miller Samuel]
Sunday, September 30, 2012
The Chicago Fed National Activity Index: August 2012
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Thursday, July 26, 2012
The Chicago Fed National Activity Index: May 2012
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Friday, June 8, 2012
The Chicago Fed National Activity Index: April 2012
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Friday, January 6, 2012
The Chicago Fed National Activity Index: November 2011
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Tuesday, November 1, 2011
The Chicago Fed National Activity Index: September 2011
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Tuesday, August 23, 2011
The Chicago Fed National Activity Index: July 2011
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Thursday, July 28, 2011
The Richmond Fed Survey of Manufacturing Activity: July 2011
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Wednesday, June 1, 2011
The Chicago Fed National Activity Index: April 2011
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Saturday, May 14, 2011
Maryland Real Estate Market Activity, March 7, 2011, New ...
A count of the properties that have been newly listed on the market in a given month.
Last Three Months
4,400 3,900
Current Activity
One Year Ago
For the Week Ending 12/4/2010 12/11/2010 12/18/2010 12/25/2010 1/1/2011 1/8/2011 1/15/2011 1/22/2011 1/29/2011 2/5/2011 2/12/2011 2/19/2011 2/26/2011 3-Month Total
Current Activity 2,900 2,664 2,352 1,657 1,602 3,161 3,071 3,069 2,626 3,145 3,184 3,326 3,103 35,860
One Year Ago 2,978 2,789 2,209 1,295 1,875 3,400 3,644 3,618 3,730 3,393 2,055 3,309 3,793 38,088
+/- 2.6% - 4.5% + 6.5% + 28.0% - 14.6% - 7.0% - 15.7% - 15.2% - 29.6% - 7.3% + 54.9% + 0.5% - 18.2% - 5.8%
3,400
2,900
2,400
1,900
1,400
900 12/4/10 12/11/10 12/18/10 12/25/10 1/1/11 1/8/11 1/15/11 1/22/11 1/29/11 2/5/11 2/12/11 2/19/11 2/26/11
Historical New Listing Activity
9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data provided by RealEstate Business Intelligence, LLC | An MRIS Company. This report may be reproduced by MRIS members. Data current as of March 7, 2011. Powered by 10K Research and Marketing. | Click for Cover | 2
Pending Sales
A count of the properties that have offers accepted on them in a given month.
Last Three Months
2,800 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 12/4/10 12/11/10 12/18/10 12/25/10
Current Activity
One Year Ago
For the Week Ending 12/4/2010 12/11/2010 12/18/2010 12/25/2010 1/1/2011 1/8/2011 1/15/2011 1/22/2011 1/29/2011 2/5/2011 2/12/2011 2/19/2011 2/26/2011 3-Month Total
Current Activity 1,679 1,646 1,671 1,255 1,184 1,538 1,898 2,064 2,002 2,299 2,301 2,545 2,524 24,606
One Year Ago 1,708 1,557 1,471 925 1,045 1,449 1,779 1,984 2,085 1,988 1,173 1,875 2,250 21,289
+/- 1.7% + 5.7% + 13.6% + 35.7% + 13.3% + 6.1% + 6.7% + 4.0% - 4.0% + 15.6% + 96.2% + 35.7% + 12.2% + 15.6%
1/1/11
1/8/11
1/15/11
1/22/11
1/29/11
2/5/11
2/12/11
2/19/11
2/26/11
Historical Pending Sales Activity
5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data provided by RealEstate Business Intelligence, LLC | An MRIS Company. This report may be reproduced by MRIS members. Data current as of March 7, 2011. Powered by 10K Research and Marketing. | Click for Cover | 3
Inventory of Homes for Sale
The number of properties available for sale in active status at the end of the month.
Last Three Months
64,500
Current Activity
One Year Ago
For the Week Ending 12/4/2010 12/11/2010 12/18/2010 12/25/2010 1/1/2011 1/8/2011 1/15/2011 1/22/2011 1/29/2011 2/5/2011 2/12/2011 2/19/2011 2/26/2011
Current Activity 63,364 61,975 61,230 60,132 59,614 56,507 56,481 56,203 55,899 54,753 54,297 53,942 53,479 57,529
One Year Ago 61,215 60,712 60,149 59,347 59,021 56,398 56,866 57,232 57,537 57,420 57,656 57,724 57,746 58,386
+/+ 3.5% + 2.1% + 1.8% + 1.3% + 1.0% + 0.2% - 0.7% - 1.8% - 2.8% - 4.6% - 5.8% - 6.6% - 7.4% - 1.5%
62,500
60,500
58,500
56,500
54,500
52,500 12/4/10 12/11/10 12/18/10 12/25/10 1/1/11 1/8/11 1/15/11 1/22/11 1/29/11 2/5/11 2/12/11 2/19/11 2/26/11
3-Month Avg
Historical Inventory Activity
97,000 87,000 77,000 67,000 57,000 47,000 37,000 27,000 17,000 7,000 1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data provided by RealEstate Business Intelligence, LLC | An MRIS Company. This report may be reproduced by MRIS members. Data current as of March 7, 2011. Powered by 10K Research and Marketing. | Click for Cover | 4
Days on Market Until Sale
The average number of days between when a property is first listed and when an offer is accepted. Sold properties only.
January
124
Month February March April 97 86 May June July August September October November December January 2009 2010 2011 12-Month Avg
Current Activity 86 85 78 74 72 71 76 81 83 86 90 97 80
One Year Previous 123 119 110 108 100 95 92 91 90 84 85 86 98
+/- 30.3% - 29.0% - 29.6% - 31.5% - 28.0% - 24.9% - 17.5% - 10.6% - 7.7% + 1.5% + 5.8% + 13.8% - 17.8%
-24.3%
+13.4%
Historical Days on Market Until Sale
140 120
100
80
60
40
20 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data provided by RealEstate Business Intelligence, LLC | An MRIS Company. This report may be reproduced by MRIS members. Data current as of March 7, 2011. Powered by 10K Research and Marketing. | Click for Cover | 5
Median Sales Price
The median sales price for all closed sales in a given month. Sold properties only. Does not account for seller concessions.
January
$250,000 $245,000 $238,000
Month February March April May June July August September October November December January 2009 2010 2011 12-Month Avg
Current Activity $250,000 $250,000 $260,000 $268,800 $280,000 $285,000 $281,000 $265,000 $265,000 $268,000 $260,000 $238,000 $265,000
One Year Previous $245,700 $253,000 $252,500 $270,000 $280,000 $280,000 $275,000 $260,000 $255,000 $255,000 $260,000 $245,000 $262,129
+/+ 1.8% - 1.2% + 3.0% - 0.4% 0.0% + 1.8% + 2.2% + 1.9% + 3.9% + 5.1% 0.0% - 2.9% + 1.1%
-2.0%
-2.9%
Historical Median Sales Price
$375,000 $350,000
$325,000
$300,000
$275,000
$250,000
$225,000 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011
All data provided by RealEstate Business Intelligence, LLC | An MRIS Company. This report may be reproduced by MRIS members. Data current as of March 7, 2011. Powered by 10K Research and Marketing. | Click for Cover | 6
Thursday, May 5, 2011
Illegal Activity: There's a Furnishings-Obsessed Thief on the Loose in Canada!
× Like us and you'll find top breaking news in your Facebook newsfeed. Sign up for our daily email newsletter and get top stories and breaking news delivered to your inbox. Friday, March 4, 2011, by Sarah Firshein
· Thief with a penchant for coffee tables and paintings leaves B.C. police stumped [National Post]
· Man Uses $1.638M of Stolen Money to Build and Decorate House [Curbed National]
Sunday, March 27, 2011
The Chicago Fed National Activity Index: February 2011
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Monday, January 17, 2011
The Chicago Fed National Activity Index: November 2010
Today’s release of the Chicago Federal Reserve National Activity Index (CFNAI) indicated that national economic activity remained in contraction in November with the index weakening to -0.46 while the three month moving average remained flat at -0.41. The CFNAI is a weighted average of 85 indicators of national economic activity collected into four overall categories of “production and income”, “employment, unemployment and income”, “personal consumption and housing” and “sales, orders and inventories”.
The Chicago Fed regards a value of zero for the total index as indicating that the national economy is expanding at its historical trend rate while a negative value indicates below average growth.
A value at or below -0.70 for the three month moving average of the national activity index (CFNAI-MA3) indicates that the national economy has either just entered or continues in recession.
It’s important to note that at -0.46 the current three month average index value is indicating extremely weak growth nearing the recessionary level of -0.70.
Labels: chicago federal reserve natiioal activity index, economy
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