THE CORCORAN GROUP   |   MANHATTAN   |   MAY 2016 THE MATAYS MINUTE Sherry A Matays Sherry Matays Licensed Associate Real Estate Broker Westside Broker of the Year for 2015 and for Over a Decade (212) 875-2831 (direct) sam@corcoran.com Bio & Listings A Few of Our Exclusive Listings 146 Central Park West, 2D Recent additions to this elegant Park-facing 8-room home at the San Remo make it a prime Central Park West offering. A lavish layout with four rooms directly on the Park (living room, library and two bedrooms) plus exceptional scale and volume make it an inviting home for opulent entertaining and gracious living. View Listing 2628 Broadway, 31A Perched on the 31st floor, this mint-condition full-floor 4-bedroom 3.5-bath Upper West Side condo with 4 extraordinary corner rooms offers unobstructed 360-degree views & abundant natural light in every room. View Listing 120 W. 70th St., PHAB 4,000 SF of terrace surrounds this fabulously flexible loft-like penthouse in the absolute heart of the Upper West Side. Currently set up as a 2-bedroom 2-bath, this sun-flooded home – with open city views in every direction -- can be reconfigured into a 3-bedroom while still offering a separate dining area. View Listing Market News Corcoran Report - Q1 2016 We are pleased to include a link to Corcoran’s 1st-Quarter Report, an in-depth look at Manhattan’s residential sales trends for Q1 2016.  This quarter saw record high prices, an increase in active inventory, and a drop in the number of sales after two quarters of increases.  A few points to consider: - Although the number of closed sales dropped by 5% from Q1 2015 to Q1 2016, average price per square foot increased by 15% over the same time period, reaching a record high of $1832/square foot - Inventory has steadily increased since 2013. From Q1 2015 to Q1 2016, inventory increased by 8%. -Resale co-op and condo closings declined by 10% from Q1 2015 to Q1 2016 while new development closings increased by 42% over that period View Corcoran's First Quarter Report These Neighborhoods Have the Biggest Development Booms in All 5 Boroughs It's no mystery that New York City is in the midst of a massive transformation, with existing residential buildings undergoing makeovers and new buildings rising—or in some cases, being added onto existing ones— in nearly every single neighborhood.  Read This Article TurnStyle, A Subway Passageway Turned Food & Shopping Hall In Columbus Circle Commuters walking through Columbus Circle will have a multitude of new shopping options [now that] TurnStyle, an underground retail complex four years in the making, [has opened for business]. A long, hallway-style mall that features over a dozen boutique stores decked out in warm lighting and industrial fixtures, the space was designed with the intent of getting New Yorkers to slow down, open their eyes, and, of course, shop. Read This Article Real estate agents affiliated with The Corcoran Group are independent contractor sales associates and are not employees of The Corcoran Group. The Corcoran Group is a licensed real estate broker located at 660 Madison Avenue, New York, NY 10065 . All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. This is not intended to solicit property already listed. Equal Housing Opportunity. All dimensions provided are approximate. To obtain exact dimensions, Corcoran advises you to hire a qualified architect or engineer. ©2016 The Corcoran Group. All Rights Reserved.