The Manhattan real estate market is experiencing a period of significant recovery. Although the inventory is still substantial, sales activity has exploded and the “covid discount” effect is already disappearing. It should be remembered that these data are somehow still influenced by the pandemic as they reflect the difference between this quarter and the same period last year.
Talking by Numbers. Let’s try to put things in perspective:
There were 3,417 closed sales, up +151.8% from the year-ago quarter. …
by Riccardo Ravasini 
The New York Post reported that the Vessel will welcome visitors back several months after a 21-year-old man leapt to his death from the structure in January. New measures will be in place: Related is tripling security staff and will add signage that includes messaging from the National Suicide Prevention Lifeline. And visitors will no longer be allowed to come alone.
The once-free attraction will now have a $10 visitors’ fee that Related told the Post will go toward covering the …
by Riccardo Ravasini 
Terra, GFO Investments and New Valley plan to break ground this month on Five Park, a 48-story, roughly 280-unit tower at 500 Alton Road that will become the tallest building in Miami Beach at 519 feet upon completion in 2023.
Five Park will feature two-, three- and four-bedroom and penthouse condominium and multifamily units. “Building amenities,” the press release said, “will include an amenity deck with tw2o swimming pools, a restaurant, sunset viewing lounge areas, a resort-style spa, and a …
by Riccardo Ravasini 
New York City’s public school students will all return to classrooms in the 2021-2022 year, Mayor Bill de Blasio said.
“It’s good news: New York City public schools, one million kids will be back in their classroom in September, all in-person, no remote,” he said on MSNBC’s Morning Joe.
The announcement represents a significant upcoming return to normal for the city’s schools, which have been at least partially remote since the coronavirus pandemic first struck in March 2020.
(source: patch.com)
by Riccardo Ravasini 
So far in 2021, residential real estate experts are reporting a powerful new wave of buyers, increasing the demand on an already low housing inventory throughout Miami-Dade County.
The powerful new wave of domestic buyers, purchasing more expensive primary residences and second homes with longer stays, is a also direct result of the pandemic catapulting the remote working trend, tax reform creating tax refugees, Florida’s no state income tax, and the influx of technology and finance companies; not to mention the quality …
by Riccardo Ravasini
Every week we hear of multi million dollar properties going on the market and sometimes the asking price seems exorbitant, and it really is! With this report we will take a closer look at the numbers of the Manhattan Luxury Real Estate Market, giving you the opportunity to get an idea of what the actual selling price of these luxurious properties is.
First of all, when we talk about Luxury Real Estate we are referring to properties closing at …
by Riccardo Ravasini