Riccardo Ravasini, Author at Rava Realty

South Florida: Greener and Better Urban Planning for Miami Beach?

South Beach alleys could be “botanized” with trees and plants, covered in solar panels, and be rebuilt with covered walkways and rainwater collectors, an analysis from a planning firm says, in a report called The Space Between. The proposal would be guided by the tenets of “tight urbanism”.

The initiatives would increase property values, make the city more pedestrian friendly, and reduce the urban heat island effect, among other benefits.

The ...

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2019

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Miami, properties, rava realty, urban planning

South Florida: May 2019 Market Stats

Posted by: Riccardo Ravasini

Miami-Dade County

Residential sales in Miami-Dade County rose 6.6 percent in May, year-over-year, to 2,796. Single-family home sales increased by 10.2 percent to 1,355, while condo sales increased 3.5 percent to 1,441.

Despite the uptick in closings, total sales dollar volume fell in May by about $20 million to $1.3 billion. While the sales dollar volume of single-family homes was up to $716 million, condo sales dollar volume dropped down to $585.2 million.

Single-family home prices have ...

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2019

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market update, may 2019, Miami, miami dade, rava realty, south florida

2nd Quarter 2019: Manhattan Sales Update

Posted by: Riccardo Ravasini

Is this a fake recovery or a real one? That’s the question.

The second quarter of 2019 was probably an odd one because the new transfer and mansion tax rates kicked in starting July 1st, which means there are now higher closing costs for buyers of luxury properties. It follows that there was a rush to buy this kind of properties before the July 1st deadline.

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2019

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manhattan, market update, new york, rava realty, second quater 2019

South Florida: April 2019 Market Stats

Posted by: Riccardo Ravasini

Miami-Dade

After a rough first quarter, residential sales in Miami-Dade increased slightly in April, up 1.1 percent year-over-year to 2,629 closings. The total sales volume in April was $1.23 billion, compared to $1.19 billion a year earlier.

Single-family home sales rose nearly 4 percent to 1,265, while condo sales decreased by 1.4 percent to 1,364, according to the Miami Association of Realtors.

In March, condo sales rose sharply, up 18 percent year-over-year. Prices increased as ...

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2019

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market update, Miami, miami dade, rava realty, south florida

South Bronx: Up and Coming

Posted by: Riccardo Ravasini

As housing demand has risen along the Bronx’s Grand Concourse, so have prices, The Real Deal reports. A recent analysis by real estate database PropertyShark found that the median home sales price along the boulevard surged 68 percent between 2014 and 2018. In addition to being a gateway to the Bronx from Manhattan, the area has its own cultural scene and history (it’s home to Yankee Stadium).

Investment activity picked up after 2015, with more than ...

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2019

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bronx, new york, rava realty, south bronx

Manhattan Luxury Market Update: May 2019

Posted by: Riccardo Ravasini

One Hundred-Twenty one contracts were signed at $4 million and above, 33 more than the last month, a solid performance in the Manhattan luxury real estate market despite the general market trend, growing compared to four weeks ago.