Joshua Wallack’s Post

The ins and outs of the NYC real estate market

Many buyers find themselves returning to secure apartments in new developments by the same developer, given assurances they've delivered quality before. This is precisely the case in Newcastle, where Neil Owens recently purchased an apartment at ONE Apartments, the new two-tower project by local builder-developer GWH. It marked Neil's second purchase with GWH. He bought off the plan in SKY Residences, just 650 metres down the road. "I have firsthand experience with the developer's quality, and I believe that, like any reputable developer, they will always strive to make each new building even better," Neil said. Read more below. Author: Joel Robinson ------------ 📣 Was this update of interest to you?🔥 Join 17,000+ of your residential property development colleagues who follow Urban on LinkedIn. We regularly post free insights about: 💡  New project launches and updates 💡  What buyers are searching for on AU’s largest off-the-plan buyer platform 💡  Weekly interviews with industry leaders Follow Urban.com.au or connect with our CEO Mike Bird to keep your finger on the pulse of the apartment and townhouse market.

Do you have a "unicorn" home? ✨ In real estate, a this refers to a property that is exceptionally rare and difficult to find. This type of home often combines highly desirable features or characteristics that make it stand out from other properties on the market. For example, it might have a unique architectural style or special amenities that are hard to come by. If you are listing a unicorn home, who you list with matters! A Broker (like me) who understands the local market's intricacies and history can most accurately price your home.

Do you have a "unicorn" home? ✨ In real estate, a this refers to a property that is exceptionally rare and difficult to find. This type of home often combines highly desirable features or characteristics that make it stand out from other properties on the market. For example, it might have a unique architectural style or special amenities that are hard to come by. If you are listing a unicorn home, who you list with matters! A Broker (like me) who understands the local market's intricacies and history can most accurately price your home.

🌆 Windy City Real Estate: Million-Dollar Moves and Market Mayhem! 🌆 Hey, Chicagoland! If you thought real estate was all serious price tags and market trends, think again. Let’s dive into the latest property news—because the only thing higher than Chicago’s real estate prices is our ability to find the humor in it! 📊 Market Trends: Price Up, Sales Down, Still Confusing! Sales are down, but prices? They’re up—kinda like that one friend who insists their ‘03 Ford Focus is a “classic.” The median price for a home in Illinois jumped 5.4% to a cool $295,000. Why? We’re not sure, but we bet it comes with a complimentary “skyline view”... of your neighbor’s backyard. 🌳 And in case you’re wondering, yes—inventory rose by 8%. Midnight Zillow scrolls just got a little longer! 🏡 💸 Noteworthy Transactions: Big Spenders in the Windy City Ken Griffin, our favorite billionaire, sold his unfinished penthouse at a loss, from $21M down to a “bargain” of $11M. Proving that even billionaires aren’t immune to Chicago winters. Where’s he headed? Miami, for some sun and maybe “the perfect palm tree.” 🌴 Michael Jordan’s mansion? SOLD after 12 years! It originally hit the market at $29M—a lot to pay for vintage Air Jordans in the attic. Who knew the hardest part of being an NBA legend was selling a house? Meanwhile, in Winnetka, Illinois’s priciest estate just listed for $35M. For that, you get 20,000 sq ft of luxury, Lake Michigan views, and the privilege of saying, “I just summer in Illinois.” 🏖️ 🏢 Commercial Development: Bigger Really is Better Over in the South Loop, IRA Capital just grabbed a medical office building—home to Rush University Medical Center. Forget skyscrapers; medical real estate is the new drama. Paging Dr. Real Estate! 🩺 And for a futuristic twist, The 78 is transforming the Chicago River’s landscape with new towers, office spaces, and a riverwalk. The Loop might have competition—could this be the new “Work from Home” envy spot? 🌉 What These Trends Mean for Chicagoland (and Your Daily Dose of Real Estate Whiplash) With prices up, sales down, and big-money sales flying, Chicagoland real estate proves one thing: the market’s never dull. Whether you’re buying, window shopping, or just not ready for a $35M lakefront mansion, there’s something for everyone. Who knows—maybe next year, you’ll snag an NBA legend’s home or a slightly-discounted billionaire penthouse. Until then, we’re here for the laughs, one over-the-top listing at a time! Check out more here => https://lnkd.in/gGkuZ7fr <==

As a dedicated professional in Jersey City real estate, I can attest to the transformative impact of the luxury housing boom on the NYC market. With record-high home prices driving renters to seek more affordable alternatives, Jersey City stands out as a premier destination. The city’s modern amenities, spacious living options, and strategic location make it an attractive choice for discerning professionals. This trend not only highlights Jersey City’s growing appeal but also signifies broader shifts in urban living preferences and economic dynamics. What are your thoughts on these evolving market trends?

🏡 Cupertino Real Estate Market Trends - Past 3 Years (Q2 2024) 🏡 Cupertino’s market has seen remarkable growth over the past three years. As of Q2 2024, the median sale price for single-family homes is $3,300,000, with homes selling in just 11 days on average. The price per square foot for homes is $1,761, showing significant appreciation. Condos and townhouses have also seen growth, with a median price of $1,405,000 and a price per square foot of $1,118. Curious about the latest trends and stats? Check out our detailed update. #Cupertino #RealEstate #MarketTrends #HomesForSale #SiliconValley #RealtyNews DRE 02190360

🏡 Cupertino Real Estate Market Trends - Past 3 Years (Q2 2024) 🏡 Cupertino’s market has seen remarkable growth over the past three years. As of Q2 2024, the median sale price for single-family homes is $3,300,000, with homes selling in just 11 days on average. The price per square foot for homes is $1,761, showing significant appreciation. Condos and townhouses have also seen growth, with a median price of $1,405,000 and a price per square foot of $1,118. Curious about the latest trends and stats? Check out our detailed update. #Cupertino #RealEstate #MarketTrends #HomesForSale #SiliconValley #RealtyNews DRE#01458118

🏡 Cupertino Real Estate Market Trends - Past 3 Years (Q2 2024) 🏡 Cupertino’s market has seen remarkable growth over the past three years. As of Q2 2024, the median sale price for single-family homes is $3,300,000, with homes selling in just 11 days on average. The price per square foot for homes is $1,761, showing significant appreciation. Condos and townhouses have also seen growth, with a median price of $1,405,000 and a price per square foot of $1,118. Curious about the latest trends and stats? Check out our detailed update. #Cupertino #RealEstate #MarketTrends #HomesForSale #SiliconValley #RealtyNews DRE#01458118

🏡 Cupertino Real Estate Market Trends - Past 3 Years (Q2 2024) 🏡 Cupertino’s market has seen remarkable growth over the past three years. As of Q2 2024, the median sale price for single-family homes is $3,300,000, with homes selling in just 11 days on average. The price per square foot for homes is $1,761, showing significant appreciation. Condos and townhouses have also seen growth, with a median price of $1,405,000 and a price per square foot of $1,118. Curious about the latest trends and stats? Check out our detailed update. #Cupertino #RealEstate #MarketTrends #HomesForSale #SiliconValley #RealtyNews Jaypreet Singh [email protected] 408-805-5291 DRE# 02081541