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What’s going on in the Residential Market?
The contract activity, the number of signed contracts, for the month of December is down 4.9% compared to a year ago and also down 18% compared to the monthly historical average.
The Median Sales Price for a Manhattan apartment is $1.16M, and it’s 3.2% up compared to a year ago.
The supply, the number of units on the market, is down 2.9% compared to the same period of January ...
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StreetEasy’s ranking of NYC neighborhoods to watch in 2024 suggests that Queens was the top destination in 2023 among renters and buyers seeking affordability. The borough’s popularity was driven by a recent surge in developments.
However, StreetEasy predicts that Manhattan will start to regain popularity among renters in 2024 as rental prices in the borough begin to drop. Trendy sub-neighborhoods within popular areas like SoHo and the Upper East Side are expected to lead the way in Manhattan. This forecast reflects potential shifts in demand ...
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Foreign buyers injected $5.1 billion into South Florida residential real estate this year, experiencing a $1.7 billion decrease from the 2022 total of $6.8 billion, as the Miami Association of Realtors reported. This dip reflects the overall cooling of markets after the pandemic-induced frenzy.
While both domestic and foreign purchases declined, international buyers maintained their South Florida market share at 18%, engaging in 6,200 home transactions. Miami-Dade accounted for 72% of the foreign buyer sales volume, totaling $3.7 billion, followed by Broward at $1.1 billion ...
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In a rush to tap into the potential of transit-oriented sites, developers in Miami-Dade have unleashed a wave of residential towers along U.S. 1, predominantly capitalizing on the density and height opportunities provided by Metrorail stations. A comprehensive analysis reveals a pipeline of nearly 5,000 units comprising apartments, spanning completed, under-construction, and proposed projects from Dadeland Mall to Coconut Grove.
While some projects, such as Grove Central by Terra and Grass River Property, align with Metrorail stations through public-private partnerships, others, like Fortune Development Group’s ...
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Posted by:
What’s going on in the Residential Market?
The contract activity, the number of signed contracts, for the month of November is down 5.3% compared to a year ago and also down 22% compared to the monthly historical average.
The Median Sales Price for a Manhattan apartment is $1.12M, and it’s 1% up compared to a year ago.
The supply, the number of units on the market, is down 3.4% compared to December 2022. While the number ...
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