Ross Ellis' Blog

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Real Estate Agent - Halstead Property, LLC
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RECENT BLOG POSTS
3rd Quarter 2017 NYC Residential Market Report    The average price for Manhattan apartments dropped in the third quarter, as new development closings over $10 million fell 42% from a year ago. This decrease in luxury sales brought the overall average new development price down 24% from a year ag...
10/04/2017
The Manhattan apartment market rebounded in the first quarter, as both prices and the number of sales rose for resale apartments compared to a year ago. The average resale price rose 5% to $1,561,911—its highest level since the second quarter of 2015. A new record was set for the resale median pr...
04/04/2017
Over the past 14 years, Halstead has offered the most comprehensive annual report available on the Manhattan apartment market.Over 200,000 verified sales are included, a number of which were recorded after our quarterly market reports were released.Also provided is a summary of relevant economic ...
03/31/2017
New development closings, with many contracts signed over a year ago, pushed the overall average Manhattan apartment price to a new record in the fourth quarter. At $2,110,556, the average price was 9% higher than a year ago and just above the previous record set in the first quarter of 2016. The...
01/04/2017
My Annual Holiday for the Needy List Please Join Me in MAKING A DIFFERENCEWith the holidays upon us, it's a time to give gifts to our loved ones, friends and customers.We buy gifts for our loved ones but how often do we remember those in need who we could all MAKE A DIFFERENCE for?  There are won...
12/06/2016
The holiday season is here and it's time to start thinking about tipping for services in our apartment buildings.For those living in Manhattan, holiday tipping is the norm and can seem endless.While it's important to be generous, it's also important to be realistic about what you can afford.   Ap...
12/06/2016
Luxury new development closings kept the average Manhattan apartment price over $2 million for the second straight quarter. At $2,077,680, the average price was 16% higher than a year ago and just below the record set in the first quarter of 2016. The median price of $1,110,000 was down slightly ...
07/01/2016
The average and median apartment prices reached record levels in the first quarter, with a large number of luxury new development closings. With the help of 432 Park, a record number of new development closings topped the $10 million mark. New developments were also responsible for the 10% increa...
04/05/2016
Both the average and median apartment price reached record levels in the fourth quarter. At $1,944,744, the average price for all apartments was 10% higher than a year ago and 5% more than the prior record set in 2015’s first quarter. The median price crossed the $1 million mark for the first tim...
01/09/2016
Every year, twice a year, New Yorkers and those visiting Manhattan get the opportunity to dine in some of the "best of the best" restaurants for a three course prix-fixe lunch at the amazing price of $25.00 and a three course prix-fixe dinner for $38.00. NYC Restaurant Week Winter 2016 is here fr...
01/09/2016
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