New York City Area Luxury Homes with Electric Vehicle Chargers

Modern buyers have a wide range of priorities when purchasing a property, but one of the most sought-after contemporary amenities is an Electric Vehicle (EV) charger. The number of Americans driving EVs increases each year, with fuel efficiency and sustainability being major benefits. Homes that accommodate EV ownership have become a necessity for many. In New York City, developers are increasingly prioritizing adding EV charging stations to their residences to entice buyers. Several premier luxury developments and homes across the New York City area now feature charging stations and private EV parking. Below, we explore some of the most appealing options for buyers with electric vehicles.  

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Navigating NYC’s Winter Real Estate Market: Key Predictions for the Year Ahead

The winter real estate market in New York City has always been a topic of intrigue and speculation, influenced by seasonal trends, macroeconomic factors, and local dynamics. As 2024 comes to a close, the city’s property market—encompassing luxury sales, mid-market activity, and foreign investments—presents a multifaceted landscape of opportunities and challenges. HAVEN spoke with NYC real estate professionals to delve into the current state of these segments and provide forecasts for the start of 2025.  

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Weekly Manhattan & Brooklyn Market Update: 12/09

Rihards Gederts - Elegran | Forbes Global Properties Brooklyn’s Increase in Contract Volume Lifts Consumer Sentiment as Interest Rates Stabilize This week’s market trends underscore the contrasting dynamics between Manhattan and Brooklyn against a backdrop of stabilizing interest rates. While Manhattan experienced a typical seasonal slowdown, Brooklyn’s strong week-over-week increase in contract activity boosted overall market sentiment. The Elegran | Forbes Global Properties Consumer Sentiment Index rose from 0 to +10, propelled by Brooklyn.  Meanwhile, steadying interest rates are bolstering buyer and seller confidence. As fluctuations diminish, the incentive to wait for further declines fades, encouraging more immediate engagement. This stability helps break the market logjam, fostering a more fluid environment for transactions moving into 2025.   Manhattan Supply The supply of residential units in Manhattan decreased by nearly 3% during the first week of December, bringing the total to 6,113 properties. This aligns with typical seasonal trends as the market slows toward year-end.  While there were 192 new listings following the Thanksgiving holiday week—a 111% week-over-week increase—this surge reflects a rebound from the prior week’s holiday lull. When removing last week’s anomaly, the pace of new listings remains slower compared to earlier in November, continuing the broader trend of declining supply.  On a year-over-year basis, 12% more properties came to market this week than during the same week last year, signaling slightly higher activity than in 2023 but within the context of an overall seasonal slowdown. Data courtesy of UrbanDigs Brooklyn Supply Brooklyn’s residential supply fell by 3.3% during the first week of December, leaving 3,061 properties on the market. This decline aligns with typical seasonal trends as the market slows during the holiday season.  Following Thanksgiving, 124 new listings came to market—a 51% week-over-week increase. However, this spike reflects a rebound from the prior holiday week’s dip rather than a sustained rise in activity. Excluding last week’s anomaly, the broader trend shows supply continuing to decrease.  On an annual basis, new listings rose 7% compared to the same week last year, indicating a more active market than in 2023. Data courtesy of UrbanDigs Manhattan Pending Sales: Pending sales in Manhattan decreased by 3.6% this week, totaling 2,878 units. This marks the first week-over-week decline in this metric since early October. Although pending sales often peak around this time of year, the recent strong contract activity during the late fall suggests this dip could be a temporary pause. Pending sales may increase further in the coming week before declining into the new year until the spring market arrives. Brooklyn Pending Sales: Pending sales remained virtually unchanged at 1,970 units. Manhattan Consumer Sentiment As anticipated with the arrival of the holiday season, the number of contracts signed in Manhattan decreased by 9.2% week-over-week, totaling 167 contracts. The Elegran | Forbes Global Properties Manhattan Consumer Sentiment Index also mirrored this decline, dropping from -5 to -13. The decrease is similarly reflected on a year-over-year basis, with a 3% contraction in the first week of December compared to last year. Brooklyn Consumer Sentiment Unlike Manhattan, Brooklyn saw a notable increase in contracts signed this week, with 144 contracts—representing a nearly 46% week-over-week growth. This rise contributed to a significant increase in The Elegran | Forbes Global Properties Brooklyn Consumer Sentiment Index, which jumped from +28 to +87. More importantly, on a year-over-year basis, Brooklyn's residential market demonstrated its resilience and strength, showing an 8% increase. New Development Insights  Marketproof reported that 53 new development contracts were signed in 42 buildings this week. The following buildings were the top-selling new developments of the week: - One High Line (West Chelsea) signed 3 contracts - 1020 Hancock Street (Bushwick) signed 2 contracts.   If you would like to chat about the most recent market activity, feel free to contact us at info@elegran.com or connect with one of our Advisors.   About Us Welcome to Elegran | Forbes Global Properties, where our mission is to revolutionize the world of real estate. Founded in 2008 by Michael Rossi, our journey began with an unwavering drive for motivation, innovation, and a genuine care for our clients. As an independently owned brokerage, we pride ourselves on our elite team of "advisors," offering a personalized touch that goes above and beyond the traditional real estate experience. Armed with robust data insights, we empower our clients to make informed decisions that lead to success. Distinguished as the exclusive member of the invitation-only Forbes Global Properties network in NYC, Elegran proudly stands at the forefront of excellence. This exclusive partnership broadens our horizons, enabling us to connect buyers, sellers, and investors with extraordinary luxury properties not only in New York City but across the globe. Our passion lies in turning your real estate dreams into reality, and we are committed to providing exceptional service at every step of the journey. Are you ready to experience the Elegran difference? Dive into the possibilities at www.elegran.com and embark on an unforgettable real estate adventure with us.

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