Marcus Schott Realtor

08/11/2026

There is no single “NYC real estate market.”

Recent inventory data shows just how differently segments of the market are moving.

Manhattan inventory below $1M has increased, while Brooklyn has seen significant growth in listings at the luxury end of the market.

For owners, that distinction matters.

Your property isn’t competing with “the NYC market.” It’s competing with similar properties in your neighborhood, price range, and asset class.

That’s why understanding your specific market is much more valuable than relying on broad headlines about whether NYC real estate is “up” or “down.”

If you’re considering selling, the first question should be: What is happening in my segment of the market right now?

Brooklyn more than double luxury listings.

10/01/2025

10/01/2025

Union City Georgia is caught in a classic 21st-century tug-of-war with “progress”. Residents worry a proposed data center will guzzle power and water plus dent property values while city leaders point to jobs, tax revenue, and tech growth as big wins. It’s the age-old question—do we want more economic horsepower, or do we just want to keep the lights (and the AC) with out hosting an AI neighbor who will dominate the neighborhood facebook group comment section?

https://www.fox5atlanta.com/news/union-city-residents-push-back-against-proposed-data-center o

A proposed data center causes debate in Union City.

09/25/2025

Augusta’s downtown projects may be messy right now, but they’re paving the way (literally) for walkability, stronger businesses, and long-term growth.

Big projects always come with delays and headaches — but when finished, they can transform a community’s look, feel, and economic potential.

What do you think — are the short-term pains worth the long-term gains?

From Broad to Greene to Fifth, Sixth and Telfair, each street tells the same story: years of work and years of waiting.

09/25/2025

New York City is projected to complete over 50,000 new housing units by the end of 2025, the largest annual total since 1965. The surge is partly fueled by developers rushing projects before the expiration of tax incentives like 421-a, which previously encouraged multifamily construction.

City officials hope the added supply will help cool record-high rents, but skeptics argue that many of the new units lean toward luxury and may not ease the affordability crisis for working- and middle-class New Yorkers.

Newly released data from the Department of City Planning shows developers finished construction on 25,674 residential units in the first six months of 2025.

07/14/2025

This summer has come with a few significant changes in the markets our team covers in New Jersey, New York and Georgia. Most recently big changes just hit the New Jersey mansion tax—and if you're selling a high-value property, this affects you. The legislation that enacted these mansion tax changes is Assembly Bill 5804 / Senate Bill S4666, signed by Governor Murphy on June 30, 2025. It amends N.J.S.A. 46:15‑7.2 and related statutes to shifting the mansion tax burden from buyers to sellers and Introduces a tiered tax rates up to 3.5% for properties over $3.5 million

Effective July 2025, the mansion tax:
✅ Now applies to sellers, not buyers
✅ Uses a tiered rate system, not a flat 1%

Here’s the new structure:
$1M–$2M: 1%
$2M–$2.5M: 2%
$2.5M–$3M: 2.5%
$3M–$3.5M: 3%
$3.5M+: 3.5%

That means a $4M home sale now carries a $140,000 mansion tax, paid by the seller. This will provide some relief for buyers in their closing costs and sellers should consider this change in their pricing strategy before hitting the market.

⏳ Important transition rule:
If your property went under contract before July 10 but hasn’t closed yet, you might qualify for a partial refund—if you record the deed by November 15.

📌 Bottom line:
If you're buying or selling luxury real estate in NJ, timing and planning are more critical than ever.

Selling a home over $1 million in New Jersey? A new mansion tax means sellers now foot the bill—with rates up to 3.5%.