EFTA00628196.pdf

From: "Candler, Leighton" To: "jeevacation®gmail.com" <jeevacation®gmail.com> Subject: Corcoran's 2013 First Quarter Report Date: Sun, 14 Apr 2013 15:58:53 +0000 Dear Jeffrey: I hope this email finds you well and enjoying spring. I have attached Corcoran's in-depth look at residential sales in Manhattan. Please click here for the report It is rather lengthy, if you do not have time to read it in its entirety, the key points are that the market is long on demand and short on supply.. There is an unprecedented demand for apartments since the beginning of the year. The number of signed contracts in the first quarter were up 24% over the prior year. Supply is very short with available inventory down 50% from the peak, which is a lower level than any time since 2004. All properties priced at market value have active bidding, and those priced aggressively, but within 10 - 15 percent of market value are receiving serious attention. Interest rates remain at all time lows for those financing, but of course all cash buyers continue to be out in droves which makes for competitive bidding. For property owners thinking of selling there has never been a better time to list since before the financial collapse of 2008. For those hoping to buy, swift and aggressive action is proving to be the key in securing a home. Whichever you may be, please feel free to contact with any questions about the report and any real estate needs you may have. Sincerely, Leighton All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. Nothing in this email shall be deemed to create a binding contract to purchase/sell real estate. The sender of this email does not have the authority to bind a buyer or seller to a contract via written or verbal communications including, but not limited to, email communications. The information in this electronic mail message is the sender's business confidential and may be legally privileged. It is intended solely for the addressee(s). Access to this intemet electronic mail message by anyone else is unauthorized. If you are not the intended recipient, any disclosure, copying, distribution or any action taken or omitted to be taken in reliance on it is prohibited and may be unlawful. The sender believes that this E-mail and any attachments were free of any virus, worm, Trojan horse, and/or malicious code when sent. This message and its attachments could have been infected during transmission. By reading the message and opening any attachments, the recipient accepts full responsibility for taking protective and remedial action about viruses and other defects. The sender's company is not liable for any loss or damage arising in any way from this message or its attachments. The Corcoran Group is a licensed real estate broker. Owned and operated by NRT LLC. EFTA00628196