New York Real Estate Minute

On Thursday like so many hardcore couch potatoes, I spent the evening watching the newest Apprentice. Donald Trump was back, though we are still looking for his hair, and the show looks like it is going to be even better than ever. Donald Trump's fame comes from his success in the New York City real estate market.

The NYC market is unlike any other market in the US. Agents in Manhattan generally don't share listings and cherish the ones they have. Finding homes for sale is no easy task and it is not like buyers are welcomed with open arms. It is a strong sellers market and getting a new home can depend on who you know. One such mover and shaker is Holly Slocum (VP of Insignia Douglas Elliman Downtown) and of the site New York City real estate fame. Her site breaks down the market and shows where the hot markets lie and how much these markets will hurt your pocketbook. In Manhattan Holly says "the average price of a home is $1.04 million." However, more affordable homes can be found in Brooklyn and The Bronx. For those who prefer to live outside of New York City, the bedroom community of Westchester is becoming popular. Though this is becoming increasely reflexed in the prices.