South Florida continues to dominate the U.S. luxury real estate market, with Miami claiming the nation’s three most expensive home sales in February 2024, according to a Redfin report. Despite rising insurance costs and the looming threats of climate change, the region remains a top destination for the ultra-wealthy.
The priciest sale in February was a $49 million estate in Manalapan, a wealthy enclave south of Palm Beach. Palm Beach County secured four of the top ten luxury sales nationwide, …
by Riccardo Ravasini 
New York City’s tourism industry is booming, with nearly 65 million visitors in 2024—its second-highest total ever. Early projections suggest 2025 could break records, further cementing tourism’s role as a $79 billion industry that supports nearly 400,000 jobs.
The Surrey’s reopening on the Upper East Side last fall set the tone, and now, other legendary hotels are following suit. The Four Seasons New York, The Waldorf Astoria, and Hotel Elysée are all set to reopen, bringing back some of the …
by Riccardo Ravasini 
New York City’s population is on the rise once more, signaling a significant rebound following the pandemic-driven exodus of recent years. According to newly released census data, the city’s population increased by 87,184 people between July 2023 and July 2024, reaching 8.48 million. This growth, which follows a revised increase of 34,709 residents the previous year, indicates a clear return to the city’s long-term upward trend.
The data underscores the impact of international migration, which has reached its highest level …
by Riccardo Ravasini 
Contract activity, or the number of signed contracts, is down 3.7% from last year and 9.7% from the monthly historical average. The median sales price for a Manhattan apartment is $1.19M, reflecting a 16.4% increase compared to a year ago. The supply, or the number of units available on the market, has decreased by 0.6% annually. Meanwhile, the number of pending sales in Manhattan has risen 14.3% year-over-year. The Market Pulse, which represents the pending-to-active ratio, stands at 0.46, indicating …
by Riccardo Ravasini 
A high-profile sale at 220 Central Park South has set the record for New York City’s most expensive deal of the year. Media executive Byron Allen sold his five-bedroom condo for $82.5 million just one year after purchasing it for $75 million.
The buyer, connected to Huizenga Holdings, joins an elite group of owners in one of the city’s most exclusive addresses. Designed by Robert A.M. Stern, the limestone-clad tower is known for attracting billionaire buyers and record-breaking sales.
The …
by Riccardo Ravasini