Hey There Pumpkin!
Howl you doin’? Spooky season is upon us, and there’s that crisp bite in the air that we all love about Fall in New York.
How’s the real estate market in the city? Weekly supply is ticking up ever so slightly in both Brooklyn and Manhattan, though not at the pace of September, leading to a very lackluster month of new listings across the city. September is generally a slower month for closed sales, and we typically look to October to be the rebound month for closed deal volume, but it’s not popping as we usually expect. Pending sales in Brooklyn are up in comparison to Manhattan, where pending sales are dipping. We may be in the midst of a market shift in Brooklyn, but it’s still too early to tell. Brooklyn negotiations are still leaning in favor of sellers at the moment. Manhattan continues to be a buyer’s market and feeling more stressed overall than Brookyn.
We’re seeing Manhattan sellers adjust their prices more seriously to make deals move compared to prior months. That said, sellers are not yet hitting the panic button with super steep discounts.
Out east, data suggests the market is beginning to slow down in relation to the number of homes selling. The median home sales price across the combined Hamptons markets remained stable at $1.725 million, yet 30% fewer homes traded hands in Q3. While the number of closed sales is trending down, we’re surprisingly seeing the volume of closed sales increasing across many of the Hamptons markets. For example, in Amagansett, the median home sales price broke records at $10.7 million – The total home sales volume was impressive, rising 176% to $221.2 million; this happened despite only 15 closings, 44% fewer closings than the third quarter of 2021 (Behind the Hedges).
The #1 rule at The Agency is No Assholes.But we never said No Drama.
We’re thrilled to share that The Agency is arriving on Netflix this fall in the new show Buying Beverly Hills. The new real estate occu-soap follows the agents and clients within Mauricio Umansky’s The Agency in Beverly Hills, California. Mauricio, his daughters Farrah Brittany and Alexia Umansky, and the talented group of agents highlight the high-stakes world of luxury real estate in Los Angeles. Get a first glimpse of the new Buying Beverly Hills trailer here:
Market Update


The Q3 Manhattan real estate market saw year over year and quarter over quarter declines in quantity of sales, and number of new listings to hit the market. Both the median listed price and the average price per square foot was up 7% compared with Q3 of 2021. There were 2,098 contracts signed during the quarter, a 33% year over year decrease and a 37% quarter over quarter decrease. Overall inventory was up 40% compared with Q2 of 2022, but down 48% compared with the same quarter last year.


The Brooklyn real estate market saw a year over year and quarter over quarter decrease in number of sales, number of new listing, and average price per square foot. Total inventory was up 46% compared with Q2 of 2022. There were 1,355 sales in the second quarter, a 21% quarter over quarter decrease and a 26% year over year decrease, while contracts signed were down 36% quarter over quarter and down 10% year over year. The average median listed price was $693,211, down 5% from Q2 of 2022.
Glitter and Gay, The Podcast
Tyler Whitman and Glennda Baker’s first season of Glitter & Gay came to an end with Episode 12. In their final episode, the duo discusses how believing in yourself is of the utmost importance. Both Tyler and Glennda have stopped caring about what others think of them and are unapologetically themselves. It wasn’t always that way though – Tune in to listen to them talk about their journeys from desperately trying to fit in and being liked by everyone, to believing in themselves wholeheartedly – Spotify, Apple Podcasts, or YouTube.
The fans raved and demanded more G&G after Season 1 wrapped up. Season 2 has already been recorded in Atlanta and will be ready for release soon.
On the Market
Check out a few of our featured listings. You can find all of our active listings here.
99 State Street, #4E, Brooklyn Heights
$1,450,000 | 2 Beds, 1 Bath | Co-op
Awashed in light from three exposures, including a stunning southern bay window, this spacious 2 bedroom, 1 bathroom co-op embodies Brooklyn living with its old-world charm amongst the tree-lined streets. Featuring crown moldings, elegant inlaid wood floors, high ceilings, and a wood burning fireplace with whitewashed brick and custom mantle. The pre-war charm and character of 4E blends with modern appliances and features such as a Bosch washer/dryer, a Verona gas oven, a motion activated kitchen faucet, and motorized shades.
50 Morningside Drive, #62, Morningside Heights
$1,350,000 | 3 Beds | 1.5 Baths | Co-op
Prepare to be wowed! This bright, airy, top-floor home at Morningside Heights’ finest pre-war co-op, La Touraine, truly exceeds expectations. Come for the details; including original hardwood floors, picture moldings, 9.5’ ceilings, and stay for the incredible views over Morningside Park and beyond. The home features Northern and Eastern views, an expansive entry hall, an eat in kitchen, and it drips with pre-warm charm. The home is currently laid out as an expansive two bedroom with home office and formal dining. It can can easily be converted to a three bedroom with a large primary & adjacent dressing room. The building features an elevator, common laundry room, free basement storage, free bike storage, and a shared garden for residents to enjoy. It is also pet-friendly. The location is ideal, with Morningside Park directly across the street, Columbia University around the corner, and multiple transportation options nearby. Stroll through Columbia’s campus to the 1 train at 116th St, or amble through the park to the B/C trains at 116th St.
$779,000 | 1 Bed | 1 Bath | Co-op
$1,450,000 | 2 Beds, 1 Bath | Co-op
This stunning 3 bedroom, 2 bathroom home has been thoughtfully renovated to perfectly incorporate the charm of a historic townhouse and the modern conveniences of a new building. The home features 11 foot ceilings, an open concept kitchen, gorgeous northern light, and central air. The bedrooms are south facing and overlook luscious Brooklyn backyards. There are skylights integrated into the home to maximize the natural light in the home. The primary bedroom has an original fireplace and an ensuite bathroom. This home also has the most perfect and private rooftop terrace with Manhattan and Brooklyn views. The perfect 3 unit brownstone condo has everything you need including private storage and a tax abatement until 2031.
225 East 79th Street, #7A , Lenox Hill
$499,000 | 1 Bed | 1 Bath | Co-op
Awashed in light from three exposures, including a stunning southern bay window, this spacious 2 bedroom, 1 bathroom co-op embodies Brooklyn living with its old-world charm amongst the tree-lined streets. Featuring crown moldings, elegant inlaid wood floors, high ceilings, and a wood burning fireplace with whitewashed brick and custom mantle. The pre-war charm and character of 4E blends with modern appliances and features such as a Bosch washer/dryer, a Verona gas oven, a motion activated kitchen faucet, and motorized shades.