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Date: Thu, 12 Apr 2018 11:01:29 +0000 (UTC)
Subject: From Elena -1Q 2018 Residential Real Estate Market Report
From: Elena Ravich <eravich@citihabitats.com>
To: charley@transocean.com
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							<span style=3D"font-family:Times New Roman, Times, serif; font-size:=
46px; color:#ffffff;" class=3D"nl-headline">
								1Q 2018 Residential Real Estate Market Report
							</span>
						</td>
					</tr></table><table width=3D"800" border=3D"0" cellspacing=3D"0" cellp=
adding=3D"0" bgcolor=3D"#ffffff"><tr><td>
							<span style=3D"font-size:15px; font-family: Times New Roman, Times, =
serif; color:#000000;" class=3D"nl-message">
								<table border=3D"0" width=3D"100%" cellspacing=3D"0" cellpadding=3D=
"0" bgcolor=3D"#ffffff"><tbody><tr><td style=3D"padding-top: 19px; padding-=
left: 19px;" valign=3D"left" width=3D"530">
<table style=3D"height: 294px; width: 528px;" border=3D"0" cellspacing=3D"0=
" cellpadding=3D"2"><tbody><tr lang=3D"" align=3D"left" valign=3D"top"><td =
lang=3D"" style=3D"padding-left: 30px;" scope=3D"" align=3D"left" valign=3D=
"top">
<p class=3D"MsoNormal" style=3D"margin: 0in 0in 0pt;"><span style=3D"font-s=
ize: 14px; font-family: georgia,palatino;">=C2=A0</span></p>
<p class=3D"x_MsoNormal"><span style=3D"font-size: 18px;"><strong>Manhattan=
=C2=A0Sales Market Trends:</strong></span></p>
<p class=3D"x_MsoNormal"><span style=3D"font-size: 14px; font-family: verda=
na, geneva, sans-serif;"><strong>=C2=A0</strong></span></p>
<ul type=3D"disc"><li class=3D"x_MsoListParagraph"><span style=3D"font-fami=
ly: verdana, geneva, sans-serif; font-size: 14px;">It was a mixed quarter f=
or the Manhattan=C2=A0<span id=3D"0.1884387524952822" class=3D"highlight">m=
arket</span>=C2=A0with fewer sales, inventory on the rise and price statist=
ics settling down.</span></li>
</ul><p>=C2=A0</p>
<ul type=3D"disc"><li class=3D"x_MsoListParagraph"><span style=3D"font-fami=
ly: 'times new roman', times, serif; font-size: 18px;">Many potential buyer=
s took a pause as a variety of factors=E2=80=94concerns over tax reform, lu=
xury=C2=A0<span id=3D"0.5293094281565962" class=3D"highlight">market</span>=
=C2=A0over-supply, stock=C2=A0<span id=3D"0.9941364773512096" class=3D"high=
light">market</span>=C2=A0fluctuations, even March=E2=80=99s nor=E2=80=99ea=
sters=E2=80=94reduced the sense of urgency in the=C2=A0<span id=3D"0.988420=
6665384818" class=3D"highlight">market</span>place.</span></li>
</ul><p class=3D"x_MsoNormal"><span style=3D"font-family: 'times new roman'=
, times, serif; font-size: 18px;">=C2=A0</span></p>
<ul type=3D"disc"><li class=3D"x_MsoListParagraph"><span style=3D"font-fami=
ly: 'times new roman', times, serif; font-size: 18px;">However, First Quart=
er 2018 included bright spots as well: average days-on-<span id=3D"0.020365=
841444352162" class=3D"highlight">market</span>=C2=A0dropped slightly, indi=
cating that appropriately priced properties are finding buyers quickly, whi=
le mispriced properties linger.</span></li>
</ul><p class=3D"x_MsoNormal"><span style=3D"font-family: 'times new roman'=
, times, serif; font-size: 18px;"><strong>=C2=A0</strong></span></p>
<ul type=3D"disc"><li class=3D"x_MsoListParagraph"><span style=3D"font-fami=
ly: 'times new roman', times, serif; font-size: 18px;">With uncertainty per=
vading the=C2=A0<span id=3D"0.9090429715991168" class=3D"highlight">market<=
/span>=C2=A0in First Quarter 2018, sales dropped. Year-over-year, closed sa=
les fell 11% and signed contracts declined 10%.</span></li>
</ul><p class=3D"x_MsoNormal"><span style=3D"font-family: 'times new roman'=
, times, serif; font-size: 18px;">=C2=A0</span></p>
<ul type=3D"disc"><li class=3D"x_MsoListParagraph"><span style=3D"font-fami=
ly: 'times new roman', times, serif; font-size: 18px;">Sales varied by prod=
uct type and price range, however. Resale co-ops, which benefit from lower =
prices, saw sales increase 2% annually. Resale condo sales, on the other ha=
nd, declined 12% as prices remained near their record-high level.</span></l=
i>
</ul><p class=3D"x_MsoNormal"><span style=3D"font-family: 'times new roman'=
, times, serif; font-size: 18px;">=C2=A0</span></p>
<ul type=3D"disc"><li class=3D"x_MsoListParagraph"><span style=3D"font-fami=
ly: 'times new roman', times, serif; font-size: 18px;">In the new developme=
nt arena, fewer buildings commenced move-ins, causing a 44% drop in new dev=
elopment transactions.</span></li>
</ul><p class=3D"x_MsoNormal">=C2=A0</p>
<p class=3D"p1"><strong><em>Please do not hesitate to reach out if you have=
 any questions about the 1Q 2018=C2=A0 Report or the Manhattan market in ge=
neral. I am always happy to be of=C2=A0 assistance to you. If you're intere=
sted in a confidential evaluation of your=C2=A0 =C2=A0 =C2=A0 property plea=
se reach out to me at 646.239.2527.</em></strong></p>
<p class=3D"MsoNormal" style=3D"margin: 0in 0in 0pt;"><a title=3D"From Elen=
a - 1Q 2018 Manhattan Sales Market Report" href=3D"http://mx01.rezora.com/m=
pss/c/3QA/fCg/t.2gk/A72mhswwRzCME651KclKkg/h1/3eGVbwBToKgSMK-2BHU0DQbe3KSC4=
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</tr><tr><td style=3D"padding-top: 19px; padding-left: 19px;" valign=3D"top=
" width=3D"530">
<table style=3D"height: 287px; width: 526px;" border=3D"0" width=3D"526" ce=
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n=3D"top"><td lang=3D"" scope=3D"" align=3D"left" valign=3D"top">
<p>=C2=A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0<strong>KNOWLEDGE IS POWER</str=
ong> - SEE HOW MUCH YOUR HOME IS WORTH=C2=A0</p>
<p>=C2=A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0<a title=3D"What Your Home is W=
orth?" href=3D"http://mx01.rezora.com/mpss/c/3QA/fCg/t.2gk/A72mhswwRzCME651=
KclKkg/h3/3eGVbwBToKgSMK-2BHU0DQbe3KSC4sq8aTQ9wYdlWhMja-2By2gUW-2B1GtAGrs-2=
BlWtPnjeaYvHtKa9o-2BlmtW6P2U2NMtczhmHzT-2F0RLe-2BDYE-2FK1esoYN8ludxDLJbykuv=
aZVYqX7GzbPRRtVjmuyCOtbc98vC-2Fbaruw0UJQrw-2Bh9eHkc-3D" target=3D"_blank" r=
el=3D"noopener">http://homevaluesmanhattan.com/</a></p>
<p>=C2=A0</p>
<p>=C2=A0</p>
</td>
</tr><tr lang=3D"" align=3D"left" valign=3D"top"><td lang=3D"" scope=3D"" a=
lign=3D"left" valign=3D"top">=C2=A0</td>
</tr><tr lang=3D"" align=3D"left" valign=3D"top"><td lang=3D"" scope=3D"" a=
lign=3D"left" valign=3D"top">
<div>=C2=A0</div>
</td>
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/td>
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											<span style=3D"font-variant:small-caps; font-size:11px;">Elena R=
avich</span><br>
											Associate Real Estate Broker<br><br>
											Phone: 6462392527<br>
											Cell: 6462392527<br>
											Email: <a href=3D"mailto:eravich@citihabitats.com" style=3D"colo=
r: #ffffff; text-decoration: none;"><span style=3D"color: #000000;">eravich=
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								<span style=3D"font-family:Times New Romans, Times, serif; font-siz=
e:11px; color:#000000;">
									Real estate agents affiliated with Citi Habitats are independent c=
ontractor sales associates and are not employees of Citi Habitats. Citi Hab=
itats is a licensed real estate broker located at 387 Park Avenue South, NY=
, NY 10016. All information furnished regarding property for sale or rent o=
r regarding financing is from sources deemed reliable, but Citi Habitats ma=
kes no warranty or representation as to the accuracy thereof. All property =
information is presented subject to errors, omissions, price changes, chang=
ed property conditions, and withdrawal of the property from the market, wit=
hout notice. All dimensions provided are approximate. To obtain exact dimen=
sions, Citi Habitats advises you to hire a qualified architect or engineer.=
 This is not intended to solicit property already listed. Equal Housing Opp=
ortunity.
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