Opulence Unveiled: September Edition
As the city shifts into fall, the real estate market is moving with a blend of energy and discernment. In Manhattan, the median sale price in August was $1,250,000, a 13.6% increase year-over-year, even as it edged down from July. The average price per square foot held steady at $1,576, up more than 10% compared to last year, with properties spending slightly less time on market, underscoring sustained demand.
Brooklyn showed equal resilience: the August median sale price rose to $1,250,000, a 14.2% annual increase, while the average price per square foot reached $1,065, marking a 14% jump year-over-year. Inventory eased slightly, and while contract activity softened compared to last summer, buyers remained active, especially when properties were priced with precision.
Across both boroughs, the story is consistency with a competitive edge. Buyers are engaged, but selective; sellers who align with the market continue to achieve strong results. With fall underway, it’s an ideal moment to reflect on your real estate goals and position yourself strategically for the months ahead.
Whether you’re considering a purchase, preparing to sell, or simply curious about the market, The Richard Steinberg Team is here to guide you with trusted expertise and tailored insight.
Upcoming Events
NYC Fashion Week
September 11 - 16 | Manhattan
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Fashion Week infuses the city with a sharper edge, from runways staged in downtown lofts to presentations inside uptown landmarks. For New Yorkers, the real draw is less the shows themselves than the atmosphere around them, sidewalks buzzing after late dinners, storefronts turning into pop-up galleries, and a city that suddenly seems to stride with even more intention.
Fall for Dance Festival
September 16 – 27 | New York City Center
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The Fall for Dance Festival returns this season, reaffirming its place as one of New York’s most anticipated cultural traditions. Celebrated for its breadth and vitality, the festival brings together world-class companies and groundbreaking artists in an atmosphere that’s both accessible and electric. Whether you’re a longtime devotee or discovering it for the first time, it’s a chance to experience the city’s love affair with dance in its most dynamic form.
Kips Bay Show House Opening Party
September 29 | 20 W 12th St and 9 West 8th St
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Be the first to step inside the 50th Anniversary Kips Bay Decorator Show House. Enjoy an exclusive preview evening with early access to visionary designer spaces, cocktails, and gourmet hors d'oeuvres. Guests also receive a complimentary return ticket during general admission. This limited-availability event offers a rare first look at New York's most celebrated design showcase.
Rosh Hashanah
September 22 - 24
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The Richard Steinberg Team extends our warmest wishes for a joyous Rosh Hashanah later this month. May the new year bring you and your loved ones health, happiness, and time well spent together.
Improved Price
167 East 61st Street, Unit 7D | Lenox Hill
Now Offered For $999,999
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Featured Properties
Experience a glimpse into our highly sought-after inventory, where unparalleled luxury and captivating elegance await your discovery.
120 Central Park S, Unit 2BC | Central Park South
2 beds • 2 baths
$1,849,000
118 East 60th Street, Unit 32F | Lenox Hill
1 bed • 1 bath
$555,000