2021 Outlook: Manhattan Markets
15 Reasons Why We Are Bullish on Manhattan Real Estate for 2021:
#1. The elections are behind us; regardless of which horse you bet on, certainty is what matters and is the key driver of major financial decisions.
#2. Several viable COVID vaccines are ready to go into circulation, indicating a bottom for COVID’s impact on health is just around the corner.
#3. Spring markets traditionally show the most activity. In Manhattan, the Spring market starts as early as February.
#4. Bonus season is always a driver of luxury market purchases. With the stock market at all-time highs, there are sure to be buyers out there with money to take off the table and invest in some of the best buying opportunities of the decade.
#5. Bitcoin $20,000+….
#6. Interest rates continue to provide some of the best financing terms we have ever seen.
#8. More stimulus money is coming, and more money will hit the economy.
#9. Record equity market returns.
#10. Any listing on the market pre-Covid that still has not found a buyer will continue to have price reductions until those sellers find the market. We are seeing opportunities for condominium listings at under $1000 psf. Prices are good, and negotiability is high.
Read More: How Did We Get 100% of the Asking Price?
#11. Once we see more likelihood of heard immunity through vaccinations, half the population that left Manhattan for the Hamptons will come rolling back to town to put their kids in schools for September 2021. Wait until they realize how small their apartments are compared to their country house. Perhaps it’s time to upgrade.
#12. First-time buyers continue to enter the market. The opportunity is now for them, not eight months from now.
Read More: 2022 Manhattan Residential Market Outlook
#13. Pent up demand: Unlike most US markets that are booming post-COVID, NYC has been much slower to rebound. The current inventory will be absorbed at some point once the market reaches equilibrium. There remains more demand from the market being shut down in March-June that still hasn’t come through. Wait for it.
#14. The international buyer’s return: with travel less restricted post-vaccine, we should see a boost from international buyers once they can travel easily to NYC.
#15. NYC always comes back.
As always, we are here for you with answers to your specific questions about your real estate needs.
The Off Market Real Estate Flywheel
The Off Market Flywheel is Turning In Manhattan, we are in a heated real estate market. Manhattan inventory is at near-decade lows. The market is
11 Ways to Avoid Overpaying for Real Estate
#1. Spend time educating yourself on valuations. Have your broker compile a list of comparable sales for you to review. Study them like it’s the
Compass Sports and Entertainment Division New York City
Compass Sports and Entertainment Real Estate Division has selected the Columbia Vitolo Team to join their select team of vetted agents with experience working with
Buyer Advice Learned Over the Past 18 Years
I have been selling luxury real estate in 🏙️Manhattan for 18 years. My team at Compass has sold over 700 properties in excess of $1.6B.
Compass Private Exclusives
Listing your home as a Compass Private Exclusive allows sellers in New York City several key benefits. When used as a complete marketing strategy it
2022 Manhattan Residential Market Outlook
Share on facebook Facebook Share on twitter Twitter Share on linkedin LinkedIn Share on pinterest Pinterest
15 reasons why we are bullish on Manhattan real estate for 2021:1. The elections are behind us; regardless of which horse you bet on, certainty is what matters and is the key driver of major financial decisions. 2. Several viable COVID vaccines are ready to go into circulation, indicating a bottom for COVID’s impact on health is just around the corner.
3. Spring markets traditionally show the most activity. In Manhattan, the Spring market starts as early as February.
4. Bonus season is always a driver of luxury market purchases. With the stock market at all-time highs, there are sure to be buyers out there with money to take off the table and invest in some of the best buying opportunities of the decade.
5. Bitcoin $20,000+…. 
6. Interest rates continue to provide some of the best financing terms we have ever seen.
7. Pretty much anyone who lives in an apartment is seeking more space. WFH is here to stay in some capacity, and who doesn’t desire a proper home office. People are much more aware of the inadequacies of their homes now. Many will decide to upgrade.
8. More stimulus money is coming, and more money will hit the economy.
9. Record equity market returns.
10. Any listing on the market pre-Covid that still has not found a buyer will continue to have price reductions until those sellers find the market. We are seeing opportunities for condominium listings at under $1000 psf. Prices are good, and negotiability is high.
11. Once we see more likelihood of heard immunity through vaccinations, half the population that left Manhattan for the Hamptons will come rolling back to town to put their kids in schools for September 2021. Wait until they realize how small their apartments are compared to their country house. Perhaps it’s time to upgrade.
12. First-time buyers continue to enter the market. The opportunity is now for them, not eight months from now.
13. Pent up demand: Unlike most US markets that are booming post-COVID, NYC has been much slower to rebound. The current inventory will be absorbed at some point once the market reaches equilibrium. There remains more demand from the market being shut down in March-June that still hasn’t come through. Wait for it.
14. The international buyer’s return: with travel less restricted post-vaccine, we should see a boost from international buyers once they can travel easily to NYC.
15. NYC always comes back.
As always, we are here for you with answers to your specific questions about your real estate needs. 
The Off Market Real Estate Flywheel
The Off Market Flywheel is Turning In Manhattan, we are in a heated real estate
11 Ways to Avoid Overpaying for Real Estate
#1. Spend time educating yourself on valuations. Have your broker compile a list of comparable