2020 Archives - Rava Realty

Powerful new rush of buyers sends housing prices soaring

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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 of ...

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Manhattan Real Estate Sales Market Update | 4th Quarter 2020

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In Manhattan there are signs of improvement for the sellers, as the sales volume, listing inventory, months of supply and other indicators got better from the prior quarter, although remaining lower compared to a year ago.

The market share of cash buyers fell to a new record low (40.4%) given the current low interest rates.

Talking by ...

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Another Month Of Double-Digit Gains For Miami’s Condo Market In October

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Miami’s condo market continued to show an increase in sales volume and a decrease in inventory last month, according to a new report from Miller Samuel.

The number of condos that were put into contract in Miami-Dade during October was up 12.8% compared to the same period in 2019. In Broward, condo market contracts were up 86% for the month, and in Palm Beach the increase was 155%.

Condo inventory in Miami has been shrinking since 2018, and that ...

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Manhattan Rental Report October 2020

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What’s going on in the Manhattan rental Market? Let’s take a look at the October data…

After months of price declines, people are moving back to the city. The number of new leases is finally on the rise surging to the highest October peak in twelve years.

The Number of New Leases surged 33.2% to 5,641 from October 2019, ...

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Manhattan 3Q 2020 Sales Report

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This quarter (Jul-Aug-Sep) began just over a week after the COVID lockdown ended and it reflects sales-contracts that were signed during and after the COVID lockdown. We notice a slight improvement: the number of closed sales edged up a bit from the previous quarter which bodes well for the future..or at least we hope so.

Some Stats:

The ...

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Manhattan Rental Report: July 2020

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What’s going on in the Manhattan rental Market? Let’s take a look at July 2020 data…

With the withdrawal of some of the restrictions due to Covid-19 emergency, new rental activity surged month over month but still well below the year-ago levels.

The Number of New Leases (excluding renewals), went down – 23.4% to 4,949, ...

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