Increase in listings calms frenzied NYC sales market

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The frenzied pace of the New York City sales market is calming down, a result of more listings on the market and slowing demand. With less competition, buyers have gained some breathing room—they can take a day or two to make an offer—something not possible in recent months.

It’s not exactly a swing from a seller’s to a buyer’s market, at least not yet—it’s more like a nudge.

You can expect a slower pace to return this summer, when the market usually ...

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Manhattan Luxury Reality Check

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Every week we hear of multi-million dollar properties going on the market and sometimes the asking price seems exorbitant, because it is!

With this report, we are going to tell you at what prices luxury properties are actually closing and what was their actual negotiability factor, anybody interested in getting a discount?

There were 122 closings at $4 million and above in April 202258 less than March. The Average Closing Price was $8,462,744 down -12,6%, meanwhile, the Median Closing Price was  $5,987,744 down -8.5%. ...

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Miami Now Wants To Host The Soccer World Cup Final In 2026

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Miami is now making a push to host the World Cup final in 2026, according to the Palm Beach Post.

Tom Garfinkel, the Miami Dolphins CEO who has brought Formula 1 racing and the Miami Open tennis tournament to Hard Rock Stadium, is behind the effort.

According to Garfinkel, FIFA is impressed with Hard Rock, and they “understand the importance of Miami as a global city and ...

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Miami April 2022 New Signed Contracts

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“Newly signed contracts for single families declined month over month for the first time in 2022. In addition, condo new signed contracts fell for the second time. However, the jump in mortgage rates took some of the edge off of still elevated demand, enabling seasonal expansion of new single family listings.”

(data source: millersamuel.com)

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The Great Rental Market Comeback

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There were 4,494 New Lease Signings in Manhattan in the month of April -50.5% compared to the same period last year, but that was due to the distortion of surging inbound activity last year as the market woke up post pandemic.

Bidding Wars accounted for more than one in five new lease signings, with a 21.3% market share and a 10.7% average premium above the landlord’s last asking price.

The Median Rental Price was $3,925, ...

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The 2022 List Of Every Supertall Tower Currently Being Planned In Miami

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Developers are increasingly planning to build towers in Miami that will reach supertall status (above 300 meters, or around 969 feet), with the real estate market here among the hottest anywhere. And several supertall towers have been announced in recent months, all by top-tier developers.

Here below is the link to the complete article with the list of every supertall currently being planned in Miami. http://ow.ly/WRtc50IMqbr

(source: thenextmiami.com, ...

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