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Hey Friends,


Tis the season to be thankful falalala lalalala! 


Let me just start off by saying thanks to all of you! Friends, family, colleagues, clients and clients who are friends and family! This year not only was amazing just to be bouncing back from 2020 but my family added our beautiful daughter Bowie and our team, The Freiberg-Cella Team,  had our best year ever...


Thank you 

for talking with me, meeting with me, and trusting me/us with your real estate needs in 2021. Please let's keep talking and meeting as soon as you can. I would love to get a coffee in person or virtually.  Whatever works for you!  


Onto the NEWSLETTER! As we head into the holiday season, I want to share some interesting data (it's a bit of a long and dry read but really interesting) on the pandemic migration of 

New Yorkers, recap where the luxury market stands today and provide a sneak peek at what's coming 

soon to Compass. We'll round it out with a salute to the return of the Thanksgiving Day Parade and a 

rundown of my latest listings.


Everyone I hope you have the best and merriest Thanksgiving! 



Ed

MARKET ROUNDUP
A New Report Sheds Light on Pandemic Migration

                           DATA DATA DATA 

Much has been said about the moving patterns of New Yorkers during the pandemic, and a new report 

from the comptroller's office puts some hard data behind the bluster.

 


  • New York City typically shows a net loss migration of 90,532 people each year, according to 

    change-of-address requests. Between March 2020 and June 2021, however, a total of 130,837

    more residents left the city compared to pre-pandemic levels.

     


  • From March to May 2020, 60 percent of change-of-address forms were marked temporary, 

    indicating an early optimism about how long the pandemic would last. Between June 2020 and 

    September 2021, 79 percent of net move-outs have been submitted as permanent.

     


  • While net move-outs grew in every borough, they were particularly dramatic in Manhattan and 

    Brooklyn.

      

    • Net out-migration in 2020 was worst in the Manhattan neighborhoods of Battery Park 

      City/Greenwich Village, Murray Hill/Gramercy and the Upper East Side. Brooklyn's 

      northern reaches, including the Brooklyn Heights/Fort Greene and Park Slope/Carroll 

      Gardens/Red Hook districts were the hardest hit in that borough.

       


  • It's not surprising that wealthier residents — those with the means to acquire transportation 

    and housing elsewhere and often with white-collar jobs amenable to work-from-home and 

    relocation — were the most likely to leave the city.

     

    • Residents in the wealthiest 10 percent of neighborhoods, corresponding to the median 

      incomes above $110,000, were 4.6 times more likely to leave than other residents 

      during 2020.

       

    • Moves from wealthier neighborhoods in 2020 were also more likely to be temporary.

       


  • Residents of denser neighborhoods were also more likely to leave. Flight from the densest 10

    percent of city neighborhoods was 3.3 times greater than the rest of the city during the entirety 

    of 2020.

     


  • Neighboring areas in Westchester, Long Island, New Jersey and Connecticut were primary 

    destinations for city residents, as were the states of Florida, Texas, Maine and Vermont

     


  • Between June and September 2021, the city saw fewer out-moves than in the same period in

    2019, before the pandemic.

     


  • If you are still reading see below for why the city feels so much busier and is back back back! 


  • Since July 2021, the city has registered an estimated net gain of 6,332 permanent movers.

     

    • Net gains were highest in many neighborhoods that saw the most departures, including 

      Chelsea/Midtown, Murray Hill/Gramercy, Battery Park City/Greenwich Village, 

      Chinatown/Lower East Side, and the Upper East Side.

The Luxury Market Heads Skyward

In a record-setting year for New York City real estate, the luxury market has been especially note worthy. 

The Olshan Luxury Market Report recorded a vertigo-inducing 60 contracts signed for homes priced at

$4 million and above between November 8 and 14th. The contracts totaled more than $553.87 million, a 

level not seen since 2013. A whopping 1,619 luxury contracts have been signed so far this year for a 

total of $13.77 billion — twice the total asking prices at this point in pre-pandemic 2019 and the highest 

total in the history of the Olshan Report.


Prior to the pandemic, the ultra-luxury segment was the market's weakest. In fact, it wasn't that long 

ago that headlines were screaming about the glut of luxury condos. Jonathan Miller of real estate 

appraisal firm Miller Samuel calls today's scenario "inverted," with high-end homes leading the pack. 

While a roaring stock market and still-low interest rates fuel the luxury buying spree now, we expect to 

see a wave of new deals ahead, thanks to the end of the international travel ban that should send well-

heeled foreign buyers back into the city.


Coming Soon to Compass

My fellow Compass agents and I recently attended our all-company meeting, where we got a sneak peek 

of the soon-to-be-released client dashboard. The portal will make it easier for clients to stay on top of 

every part of their transaction, before, during, and after the sale. No other firm is even attempting this and it is very exciting. I can't wait to show you! Stay tuned!

MY NEW YORK CITY – THANKSGIVING 2021 EDITION

Without in-person spectators, last year's scaled-back Macy's Thanksgiving Parade just wasn't the same. 

This year, the parade is back in full force with the addition of six new floats, including ubiquitous Baby 

Yoda from The Mandalorian. 


The 95th annual parade kicks off from West 77th Street at 9 a.m. and heads down Central Park West 

before turning east West 59th Street. The route continues south on Sixth Avenue to 34th Street, ending 

in front of the Macy's flagship store around noon. 


To watch the parade in person, early birds will find the best views along the west side of Central Park 

West between 75th and 59th streets, where people often start assembling before 6 a.m. If you'd prefer 

to sleep in, the best vantage points are on Sixth Avenue between 59th and 38th. Best of all, you can stay 

in your jammies and watch it on NBC beginning at 9 a.m. with a rebroadcast at 2 p.m.


Featured Sales Listings
115 Christopher Street, Unit PH
West Village
$4,995,000 | 2 Bed | 2 Bath
CONTRACT SIGNED
43 Great Jones Street, Unit Penthouse
NoHo
$4,595,000 | 3 Bed | 2.5 Bath

CONTRACT SIGNED

130 Jane Street, Unit 1/2C
West Village
$3,250,000 | 3 Bed | 2.5 Bath
260 Park Avenue South, Unit 4G
Flatiron
$2,500,000 | 2 Bed | 2.5 Bath
428 West 20th Street, Unit 2
Chelsea
$2,250,000 | 3 Bed | 1 Bath

CONTRACT SIGNED

Featured Rental Listings

260 Park Avenue South, Unit 4G
Flatiron
$9,000 | 2 Bed | 2.5 Bath
Licensed Real Estate Salesperson 

Licensed as Edward R Freiberg


M: 917.592.5971
ed.freiberg@compass.com

© Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS.

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