Co-op sales

You may be right, but I can't help but notice things that I have been following seem to be going into contract. Below is an example of something the sponsor has tried to sell since '08 and every time they trot it out, the price is higher. Finally, it's in contract and the ask price (which was lowered) would have been ok if the kitchen had been in better shape along with the rest of the unit. I'm interested to see what they will finally get for it. By the way, has anyone seen this place?

http://streeteasy.com/nyc/sale/1031003-coop-61-west-62nd-street-lincoln-square-new-york

according to urbandigs chart, pending sales are up like 5% vs last year's November but that is in the context of far lower inventory like down 15-20%, so the velocity is for sure up.

On the listing side, I'm seeing a lot of browsers but few buyers -- it's typical for things to slow down this time of year, so I think the outlier was actually last year, when the momentum didn't seem to run out.

But there's certainly very little on market to show buyer clients.

ali r.
DG Neary Realty

Here is Monthly Deal Vol data for you guys to look over. It shows Monthly Contract Activity going back to 2009.

http://urbandigs.com/chart.php?k=9ab0d633d4cbcbd4621df4d6c350a16b

The UD realtime ticker shows that NOV is on pace to produce 1,191 contracts this month (30-day CSGN cell in the ticker tool on UD.com). That will come down like 5-7% after its cleansed and published on Dec 1st. But its the closest metric we have on how NOV is shaping up with only 8 days left. I would expect that to drop a bit as we get into Thanksgiving holidays.

Even so, 1 look at the chart link above will show us that level of deal volume is much higher than what is normal for this time of year!

I am experiancing a different dynamic then Ali apartments are still going to "highest and best" bidding with the winning bid usually all cash or no financing contingency, especially in 2 bedrooms or more, or condos