It’s now a buyer’s market in Manhattan, new report suggests

Rising inventory and shifting seller expectations have given homebuyers the upper hand in Manhattan, according to Douglas Elliman’s latest quarterly report. Continue reading

Coldwell Banker Warburg welcomes 2 ‘boomerang’ agents

Broker Bill Kowalczuk and agent David Harris were not gone for long before realizing they missed Coldwell Banker Warburg’s robust support systems. Agent Guy Hobson has also joined the firm. Continue reading

Are New York’s famously uptight co-op boards starting to chill out?

These “dinosaurs” of New York City’s luxury residential market are on the cusp of modernizing, agents told Inman. Savvy buyers who get in now can still invest while prices are undervalued. Continue reading

Kevelyn Guzman to take reins of Coldwell Banker Warburg in 2024

The firm’s current COO will adopt the role of Coldwell Banker Warburg regional vice president starting in January, as current president Frederick Warburg Peters steps into a new role as president emeritus. Continue reading

Manhattan luxury-condo sellers are giving in to buyer demands

Even as transactions are going through for higher-priced condos and apartments, sales in the lower price tiers have been drying up. Continue reading

Cash deals hit all-time high in Manhattan as sales plummet 38%

The average sale price for a home in Manhattan fell 5 percent to $1.95 million while the median sale price fell 10 percent to $1.075 million, according to a quarterly market report by Douglas Elliman and Miller Samuel. Continue reading

Luxury holds steady despite overall Manhattan market slowdown in Q4

As prices and transaction volume both fell in Manhattan’s market at large year over year, luxury properties priced at or above $10 million still managed to perform well to close out 2022. Continue reading

What’s a ‘tornado housing market?’ Hint: You might be in one right now

Coldwell Banker Warburg President Frederick Warburg Peters coined the term to describe a phenomenon where one home trades hands briskly while a similar property nearby languishes. Continue reading

The Alan Louie Team joins Coldwell Banker Warburg from Compass

The New York City luxury and new development real estate specialist Louie joins the firm with team members Kwesi O. Kwarteng, Eunice Kim and Alice Wang. Continue reading

Manhattan market shows signs of cooling despite sky-high sales in Q2

The residential market continued going strong but showed signs of reaching a tipping point, according to data released by New York City brokerages. Continue reading