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MORNING BULLETIN: LOCAL HOUSING MARKET IS THE TIGHTEST IN THE CITY; ARE PRICES ON THE RISE?

February 7, 2012 | 9:58 AM - Updated on December 31, 2021 | 11:54 PM
in NEWS, REAL ESTATE
0

February 7, 2012 Weather: Sunny, High of 49 Degrees.

Notices:
Community Board 7 is holding a full-board meeting tonight. On the agenda: a request from Jewish Home Lifecare for approval of a special permit to build a new nursing home on 97th Street, reconstruction plans for the Tots playground on 67th Street, and a permit for Sugar & Plumm, the controversial 78th Street candy store. The meeting is at Rodeph Sholom, 7 West 83rd Street (Central Park West), and it starts at 6:30 p.m.

News:
The Upper West Side housing market is the tightest in the city, with a 6-month supply of apartments for sale at the current sales pace. Prices tend to rise when there’s between 1 and 6 months of supply available, and fall when there’s more than 9 months worth. (Crain’s)

Conservative John Podhoretz hates the plan to change Upper West Side zoning to dissuade big box stores from taking up too much sidewalk space. “Upper West Side liberalism has become a parody of itself.” (NY Post)

“From Murray Hill to the Upper West Side: The real estate equivalent of growing up.” (Brick Underground)

Now that music venue Southpaw is closing, Park Slope is dead. The Upper West Side has been dead since 1985. (New Yorker)

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