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New York State Overview

Naomi M — Sun, 30 Sep 2007 19:54:54 -0500

Capital: Albany

Estimated 2004 population: 19,227,088

Change from 2000: +250,631

2004 housing units: 7,819,359

Housing units change from 2000-2004: +131,529

New York’s Capital Region housing market staying strong

Naomi M — Fri, 30 Nov 2007 00:33:07 -0600

Home prices in the Capital Region are up an average of two-percent this year, while nationally, prices are down five-percent.

And it is certainly having an effect on sales, too, which are down eight-percent this year. But upstate realtors say buying a home in the Capital Region could be on a rebound. Realtor Anthony M. Gucciardo showed us one of the homes in his portfolio Tuesday.

Buffalo Niagara NY housing market marches steadily along

Naomi M — Sun, 07 Oct 2007 00:00:00 -0500

The housing market in Buffalo Niagara escaped being a bubble market and has enjoyed steady growth and new housing developments.

Manhattan real estate prices still in heaven

Tue, 02 Oct 2007 00:00:00 -0500

A report released Tuesday show that the Manhattan real estate market continues to outshine the rest of the nation. In the third quarter, Manhattan residential real estate sales increased heavenward by 65.6% from a year ago, according to a report from Prudential Douglas Elliman. The number of condo and co-op units on the market fell 31.7% from the prior year.

Despite the big drop in available homes, prices remained relatively stable. The median sales price for a condo or co-op increased 2.3% to $864,397, the report said.

Home prices in the Hamptons continue to boom

Sun, 27 May 2007 00:00:00 -0500

Realtor, Steven Gaines, says the best barometer of how people in the Hamptons are doing is the price of the lobster salad at the local gourmet shop in nearby Sagaponack. Right now, it's $100 (€74) a pound (0.5 kilogram). "When you're spending $100 (€74) a pound for lobster salad, what's $15 million (€11.16 million) for a home?" says Gaines, a local author and aficionado of all things Hamptons.

New York Housing Market Slows in April

Wed, 23 May 2007 00:00:00 -0500

Sales of existing single-family homes in New York State in April slowed compared to April 2006, while the median sales price increased by more than 7 percent compared to April 2006, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS ®.

The April 2007 sales total of 6,677 represents a 6.9-percent decrease compared to the April 2006 sales total of 7,174. The April 2007 total represents a 5.5-percent decrease compared to the March 2007 sales total of 7,063.

Manhattan has over 2000 lots of land undeveloped or vacant

Fri, 20 Apr 2007 00:00:00 -0500

Hard to believe - some New York property isn't being developed. Gasp!

A recent informal survey revealed there are at least 505 undeveloped lots in Manhattan, and another 1,723 that appear to be vacant, Manhattan Borough President Scott M. Stringer said.

``These results show that, contrary to popular belief, there are thousands of properties lying vacant in this borough,'' Stringer said. ``Now the task is to find out why and to do everything we can to make them productive properties.''