Understanding the New Condo Development Market 2019
July 23, 2019
Hosted by Vince Rocco
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Guest Information
Episode Description
We came out of 2018 in reset mode for NYC sales including new condo development sales. The pace of sales has already slowed this year with homes spending more time on market prior to going into contract. More than 20,000 new apartments in New York, both for sale and for rent, will open their doors this year and likely just a fraction will find residents by year end.Sharp pricing and developer incentives seem to be the only way to get these units in contract. Also at this Hour: Hudson Yards has entered the list of most expensive NYC neighborhoods with a median sales price of $3.86 million. Tribeca remains the priciest neighborhood with a median sales price of $4.34 million, but Hudson Yards, the new luxury neighborhood on Manhattan's Far West Side, which opened in March this year, comes in a close second. Other neighborhoods that saw median price increases included Little Italy, Cobble Hill and Prospect Park South, where prices more than doubled year over year. Try LandGlide free for a week by visiting landglide.com/vince
Good Morning New York, Real Estate with Vince Rocco
Archives Available on VoiceAmerica Variety Channel
Our show is about everything Real Estate to every consumer in the New York marketplace and on occasion we also focus on the national market place.
The program will provide you with the most educated approach to a deal including introduction to the most qualified resources in the business of real estate to successfully, buy and close a transaction.
In particular we will focus on the local Manhattan market. We will talk to sellers, buyers, agents, attorneys, and mortgage bankers, stagers and designers, all engaged in the deal to find success and happiness.
We will also look weekly at local and national market conditions at the beginning of every show.
What is the pulse on the market? Find out, by tuning in to Good Morning New York, Real Estate with Vince Rocco on the VoiceAmerica Variety Channel.
Vince Rocco
I became interested in a real estate career in the mid-1990s while buying and selling Manhattan co-ops and condos for my own personal real estate projects (renovating and selling), and found it to be an exciting industry. I decided to make Real Estate a full time profession and I've never looked back.
The ROCCO Group is dedicated to delivering quality service to our buyers and sellers. I get personally involved in every detail of the deal. I am known for my straightforward approach, my integrity and flexibility while working with people. I cultivate strong relationships that last a lifetime.
I have an extensive knowledge of Manhattan and its neighborhoods. I became an expert in New Condo Development sales over the past five years selling in three separate new development projects. I've made appearances on 'Sweat Equity' on the DIY network as one of their pricing experts, and have been featured on 'House Hunters' on HGTV and I'm working on an interactive web/blog portal where I will be hosting a weekly 'over the net' Real Estate program featuring everything New York City. I have been quoted in NY Magazine, NY Post, NY Times, QUEST, The Real Deal, and Broker's Weekly.
I live on the Upper West Side of Manhattan with my dog, Jett. I know Manhattan well and all of its neighborhood's so touring for a new home is always an exciting adventure with me. I make it personal. Your dream of finding the perfect home or selling your home will become a reality.
