Ian McGowan Real Estate

05/29/2020

We are finally starting to see the light at the end of the tunnel and are preparing to get back to work, showing and selling Real Estate in New York City. But what will the market look like? For more than two months now we have been unable to access buildings or show property and though there has b

04/17/2020

03/26/2020

I don’t play the guitar...yet!
Swipe left for my next “coming soon”
@ Astoria, New York City

03/13/2020

-er or later.

02/09/2020

I was thrilled to open today's paper and see our newest listing featured in The New York Times "On The Market." These days, more and more people want to work from home and as a legal live-work, 529 West 42nd Street, also known as "The Armory," allows for many types of businesses. To boot, in this large 2 bedroom duplex, you can light a beautiful fire, making working from home all the more enjoyable.

This week’s properties are in Hell’s Kitchen, Forest Hills, Queens, and Carroll Gardens, Brooklyn.

01/22/2020

Work from home if you want to! A Legal “Live-Work,” this loft like duplex features 1500+ sqft of living space, 2 bedrooms + office space, and a wood burning fireplace. Just listed and ready to go!! THIS is Pure 🔥 @ Midtown Westside

01/10/2020

In our 4th Quarter Manhattan Real Estate Market Report most indicators are much improved from the prior quarter, although still below the levels of a year ago. Notably, in November and December contract signings picked up at the high end as increasingly sellers reduced pricing in response to market demands. In 2019, with stock prices at all-time highs and interest rates at historic lows, buyers experienced the best opportunity in recent years to land a great home. At the same time, New York City’s economy has been chugging along nicely and recently announced expansion of Tech firms in New York, including Google, Facebook and Apple, could portend an improved market for sellers in 2020.

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01/08/2020

#2020

01/03/2020

Tip of the New Year...

11/18/2019

This was a little tougher than it looked. Great working with to keep this deal together and close on this wonderful house. @ Astoria, New York

11/05/2019

Home Buyers have many options as inventory has continued to rise in New York City over the course of this year. There are currently 6% more sales listings than the same time a year ago. This equated to 8.1 Months of Supply, up from 7.4 Months last year. Midtown and the Upper East Side show the slowest sales relative to inventory, while Upper Manhattan and the Upper West Side have the tightest markets in the City. Additionally, the Months' Supply of Coops spiked relative to condo sales in last year. For our fully detailed Manhattan Inventory Report, please click below.

10/10/2019

Coming off a record-setting June, when buyers and sellers rushed to close before new transfer and mansion rates kicked in we expected to see a slowdown in luxury closings in the third quarter, and we did. The number of closings over $5 million was 48% lower than a year ago and the average resale price fell to its lowest level in almost five years, at $1,359,654.

Although we expect the affects from new taxes to taper off for a more stable high end, it wasn’t just luxury that slowed in the third quarter. Sales of Manhattan apartments under $5 million were down 12% from the same period last year, illustrating how all segments of the market have softened, not just those impacted by the new taxes.

As has been the case for some time now, advantage is clearly in the hands of the buyer. There is an enormous amount of inventory to choose from and affordability has continued to improve by way of lower interest rates.

For the full Q3 report click here:http://media.bhsusa.com/pdf/3Q19BHSMarketReport.pdf