Residential sales plunged across Miami-Dade, Broward and Palm Beach counties in the second quarter, following a first quarter in which home sales were largely spared from the effects of coronavirus, according to Miller Samuel’s latest reports.
Among the areas hardest hit in South Florida, Manalapan, a high-end market south of Palm Beach, experienced a 54 percent annual drop in closed sales in the second quarter. The condo market in Coral Gables saw the biggest annual decline of all, at more …
by Riccardo Ravasini 
Sensationalism helps sell news, garner headlines and win clicks. And sensationalism has reached real estate these days. Yes, we have an evolving real estate market as we went through the lockdown and emerged from it; so it is easy for some news outlets to publish partial information to make it look like the end of the world is looming.
Bloomberg reported that a quarter of the city’s apartment renters haven’t paid since March, according to the Community Housing Improvement Program …
by Riccardo Ravasini 
Can I sell my house during the COVID-19 pandemic?
Yes, you can still sell a home during the coronavirus pandemic, particularly now that states are beginning to reopen.
Is it safe to sell your home during such an outbreak?
There are several precautions your real estate agent can take to safely show your home to interested buyers. Masks on, shoes off, and hand sanitizer at the door are just a few examples.
Are houses even selling now?
Yes! The fact …
by Riccardo Ravasini The pandemic might have driven some buyers out of towers and into single-family houses. But recent sales are proof that for many luxury buyers, condos are still the way to go in South Florida.
The luxury-condo market was oversupplied even before this year. Once pandemic restrictions began, Realtors were forced to go virtual. To attract buyers, they added incentives and dropped prices.
The sales team behind Armani/Casa is offering gift cards worth $25,000 for home buyers to purchase furniture from …
by Riccardo Ravasini
We studied hard to deliver a brand new report to you. The reality check on the Manhattan Luxury Market. 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 negotiability factor, anybody interested in getting a discount? …so….here we go:
There were 63 closing at $4 …
by Riccardo Ravasini At the beginning of the crisis we had 136 weekly contracts signed in Manhattan. That number progressively went down during the crisis to reach a low of 31 contracts signed 12 weeks into the crisis. Last week was week 13, and we had 61 contracts signed! Could be the first sign of a recovery? In a normal market we should have around 200-250 contracts signed at this time of the year. While we know we are still far from …
by Riccardo Ravasini