Sat.May 11, 2019 - Fri.May 17, 2019

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Hamptons Sellers Are Starting To Get The Message

Miller Samuel

Michael Kolomatsky of the Calculator column in the New York Times real estate section crafted a cool infographic for this weekend using data from the Douglas Elliman 's Hamptons Sales report that I author. The gist of it is that sellers are slowly pricing closer to market causing days on market and the listing discount to compress somewhat. This faster moving pattern is in sharp contrast to sliding price trends, declining sales, and rising inventory.

Sellers 221
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I’m not an Appraiser, You just think I’m one

The People's Appraisal Blog

Ever see the AT&T commercial where the surgeon walks in and he says ” I Just got reinstated, Nervous? Thats ok so am I “ If not see here: [link]. Or the late 1986 commercial with Peter Bergman that states ” I’m not really a doctor but I play one on TV” If not see here [link]. Well get ready Consumers because the person that is about to visit your home IS NOT an appraiser or just pretends to play one without the proper training.

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[Inside Edition TV] The Fifth Avenue Retail Apocolypse?

Miller Samuel

Real estate brokerage firm Cushman & Wakefield wrote a research piece on the prime Fifth Avenue retail corridor from 49th Street to 60th Street that was covered in a widely read Wall Street Journal article called Fifth Avenue Losing Luster as Vacancies Climb, Rents Fall. The following chart was in the WSJ article. Luxury real estate here peaked at about the same time.

Retail 195