AUSTIN, Texas is the fastest-moving housing market in the US, according to a new survey from online brokerage, ZipRealty.
ZipRealty analyzed housing market trends in 23 metro areas at the end of the second quarter. The median days on market in these metros remained relatively steady at 29 days, compared to 27 days as of June 30, 2013.
The fastest-moving markets at the end of the second quarter were Austin – 10 days; Washington, D.C./Northern Virginia – 14 days; Dallas, Portland and Denver – 15 days; Houston and Seattle – 17 days; Sacramento and Boston – 19 days.
The Marketing Directors set a price record in FiDi last week.
As exclusive sales and marketing agent for The Moinian Group’s The Residences at the W New York – Downtown, at 123 Washington Street, the firm sold two penthouses at the highest price per quare foot ever paid in the district.
Residence PH55A, a 799 s/f one bedroom sold for $1,990,000, or $2,491 psf; Residence PH55B, a 1,175 s/f two bedroom sold for $3,010,000 or $2,562 psf.
“These record sales demonstrate the revitalization of the downtown Manhattan market,” said Jacqueline Urgo, president of The Marketing Directors, noting that the two penthouses were featured this spring in the Designer Showhouse of New York that benefitted the new Lenox Hill HealthPlex.
In just over a decade, Lower Manhattan’s residential population has increased 336 percent, according to the Downtown Alliance.
Brookfield Place has been transformed into a curated shopping and dining destination and is leading the charge in revolutionizing the luxury shopping experience in Lower Manhattan.
Joseph Moinian, president and CEO of The Moinian Group added, “FiDi has really become one of Manhattan’s premier neighborhoods,” he commented.
There are still one- and two-bedroom homes available at The Residences at the W New York – Downtown.
They are priced from $1,350,000 and are available for immediate occupancy.
Douglas Elliman Development Marketing is officially open for business at their new headquarters at 712 Fifth Avenue.
Development Marketing president and CEO Susan de França and her team of more than 50 people now occupy the entire 10th floor – roughly 13,000 s/f.
TPG Architecture designed the interiors and Empire furnished the office.
“Our number of current and pipeline projects is rapidly increasing, and we simply needed more space to keep pace with the demand. This state-of-the art space provides a modern work environment for my staff, and ultimately, thathelps us to better serve our clients,” said de França.
712 Fifth is also home to Elliman chairman Howard Lorber’s Vector Group, which owns Douglas Elliman among other businesses.
Previously, Douglas Elliman Development Marketing was based out of Elliman’s flagship 575 Madison Avenue office.