Autumn Real Estate News From The Next Move Team

Autumn 2018 Stress-Less Real Estate A Team dedicated to Real Estate Needs of Baby Boomers and Seniors Welcome to our Fall newsletter. We want to share the latest real estate market news with you, give you a hint for a stress-less life, tell you what's going on in NYC and what's going on with us.  Next Move Team is on the go ... We were at Senator Hoylman's annual Senior Fair collecting new resources for you. Senator Hoylman with a guest. Sold! A very savvy NJ mother bought her 20 year old daughter a lovely bedroom apartment on 75 Street between Park and Lexington avenue. She made a wonderful real estate investment and her daughter could afford the low maintenance. Fast forward many years later and it was time for the daughter to make a big move to leave NY and settle in Phoenix. Time to sell! In came a mom living on Long Island with her 20 year old daughter, and of course it was a perfect fit. The daughter can again afford the maintenance and not be throwing high rent away.  Forty years have gone by but the generosity and economic understanding of mothers is eternal! Sold! $1,130,000 ($30,000 over asking!) Moving from the Big Apple to Long Island 2-bedroom coop is in mint condition with a spacious living/dining area and a windowed kitchen with stainless steel appliances, custom cabinetry, and a breakfast bar Contract Signed!Margo & Ray are retiring and are relocating from the UES to Upstate. Situated on a quiet, tree lined street near John Jay Park and the East River Promenade.  $565,000 / Maintenance $1571 New this week! East 87th Street, between Second Avenue and First Avenue Rarely available, Top Floor, spacious, fully renovated 1 Bed/1 Bath $750,000 / maintenance$1,331.50 In the pipeline..... We have two properties that are not yet on the market, but we want you  To have a heads up, they are both ready to be seen.   A very large 1 bedroom on 70th street between West End Ave and Riverside Drive. It is South facing on the 16th floor and flooded with light. It needs some cosmetic care and updating to make it your own taste. This Condo is a great buy (and investment) in the Center of the UWS, convenient to Hub Transportation, Lincoln center and Great dining.asking $850,000. Please call Ina @ 917 921 6205 to find our more and to schedule an appointment.  Music lovers! 1 block from Lincoln center on Broadway, there is a wonderful 3 br/ 3 bath apt not yet on the market. $4M. If you or someone you know would be interested, give Ina a call @ 917 921-6205. What We Do for Our Clients... "Part Broker, Part Therapist" ..... to quote The New York Times Fall Events & Market News we want to share... Sept. 28 - Oct.14 New York Film Festival Lincoln Center West 65th Street between Broadway & Amsterdam https://www.filmlinc.org 212-875-5201 Oct. 1 Previews; Oct. 14 Opens Emma and Max; a new play by Todd Solondz The Flea Theatre 20 Thomas Street 212-226-0051 Through January 6, 2019 Our Senses: An Immersive Experience American Museum of Natural History Central Park West & 79th Street, Gallery 3 212-769-5100 Open daily from 10 am-5:45 pm Phone: 212-769-5100 Open daily from 10 am Market Report Manhattan Third Quarter 2018 Market Outlook Oct. 2018 Despite a strong US economy and high consumer confidence, the Manhattan real estate market continued to experience a slowdown in the third quarter of 2018 due to rising mortgage rates, uncertainly regarding a global trade war and the negative impact from the new federal tax bill. Closed sales transactions declined for a fourth quarter in a row and were down 11% y/y at 2,987.  New development closings (12% of all sales) were especially weak and down 22% y/y while resale deals were down 10% y/y. Average price per square foot was down 4% y/y as sellers reduce prices to entice buyers.  Median sales prices were also weak and down 4.5% y/y overall and 9% for new developments.  Resale median sales price remained steady at $1m y/y. Given the weakness in the transaction market, listing inventory increased 13% y/y and months of supply jumped 30% y/y to 7 months. We expect the fourth quarter of 2018 to continue to be soft for the Manhattan real estate market given the headwinds we are facing. That said, with a stronger US economy and easy comparisons given soft sales figures in 2019, the real estate market should stabilize in 2019 and start to show better trends. http://wernewyork.com/Home/MarketReports   Another Tip for Stress-Less Living... Meditation involves focusing your attention to help you feel more relaxed. Practicing may help you react in a calmer way to your emotions and thoughts, including those that cause stress. Focus attention. Focus on your breath, an object, or a set of words. Most meditation is done in a quiet area to limit distractions. Body position. Can be done while sitting, can also be done lying down, walking, or standing. Stay open to thoughts that come into your mind. Don't judge these thoughts, let them go by bringing your attention back to your focus. Relaxed breathing. Slowly and calmly. ‌ Are You.... an Empty Nester? Children grown up? It may be wise to take this opportunity to reevaluate your living situation. How much space do you now need? Where do you want to spend the future? Cashing Out? It may be prudent and necessary to sell and use the funds from the sale of your home to manage retirement and daily expenses. Downsizing? Often the home purchased and lived in for many years is no longer manageable. It may be too large and therefore too difficult to maintain physically and financially. Let Us Assist You... Ina Torton Ina is the founder of the Next Move Team. She Is a specialist in Stress Management and this skill is certainly relevant in working with people selling their longtime homes. Her background includes education and mind/body therapy. At the beginning of the women's movement, she pioneered a flexible work schedule agency for women returning to work called New Time. A born New Yorker, Ina has been a successful Realtor for 15 years. She treats her clients like family. Jan Epperson Jan's award-winning expertise in interior design/construction/relocation management can make all the difference when you are selling or buying a home. When selling, her staging skills can help bring in the best price. When buying, her vision and space planning skills help you narrow your search. targeting exactly what you want in a new home. After earning her MS from Pratt Institute and long design career, Jan became a real estate agent in 2006. Fernando Branco Fernando strives to create, and secure value for each one of my clients. By listening to their dreams, and understanding their unique needs, he guides them towards opportunity, transforming dreams into reality. His aim is to win the trust of each client based on performance, dedication, commitment, loyalty, confidentiality, and the highest professional standards. Marvin Vipler Marvin has been a resident of the Upper East Side for the past 45 years and is well versed in the market there and throughout Manhattan. His experience as former Treasurer of his Coop Board gives him familiarity with the financial workings of co-ops and makes him a great negotiator. His business background as the founder of the Computer Software Center is invaluable. Chris Lipman  Born and raised in New York City, Chris is known as an