September 2019 - Rava Realty

NYC – USA – World: The Big Picture

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NYC – USA – World: The Big Picture

Excluding mergers and portfolio deals, cross-border investment in the Big Apple has dropped off noticeably since the boom years, according to data from Real Capital Analytics.

Foreign buyers acquired just under $8 billion worth of commercial property in the five boroughs in 2017 and $9.5 billion last year, down from about $20.2 billion in 2015 and $15.8 billion in 2016.

“Ultimately, there’s really no way to get back to where investment was in 2015 and 2016 ...

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

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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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South Florida: May 2019 Market Stats

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South Florida: May 2019 Market Stats

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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2nd Quarter 2019: Manhattan Sales Update

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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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South Florida: April 2019 Market Stats

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South Florida: April 2019 Market Stats

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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South Bronx: Up and Coming

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South Bronx: Up and Coming

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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