check Archives - Rava Realty

Manhattan Luxury Market Reality Check

Posted by:

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 83 closings at $4 million and above in July 2022, 57 less than June. The Average Closing Price was $8,478,817 up +15%, meanwhile, the Median Closing Price was  $5,867,000 down -3.8%. The Negotiability Factor, that is the average discount from the last asking price, was 3.16% practically unchanged from the 3.19% registered ...

Continue Reading →
0

Manhattan Luxury Reality Check

Posted by:

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%. The Negotiability ...

Continue Reading →
0

Manhattan Luxury Reality Check

Posted by:

There were 149 closings at $4 million and above in October 2021, 8 less than September. The Average Closing Price was $8,309,226 down -15.9%, meanwhile, the Median Closing Price was $5,885,500 down -2.9%. The Negotiability Factor, that is the average discount from the last asking price, was 6.27% down from -18.91% during the previous month. The pace of the market was a little faster since the Average Days On the Market were 153 compared to 183 for the properties that closed in September 2021.

If ...

Continue Reading →
0

Manhattan Luxury Reality Check

Posted by:

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 ...

Continue Reading →
0

Manhattan: Luxury Reality Check – April 2021

Posted by:

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 ...

Continue Reading →
0

What Is New York City Getting From the American Rescue Plan?

Posted by:

President Joe Biden has signed the $1.9 trillion American Rescue Plan, the third pandemic-era stimulus and, potentially, one of the most consequential economic packages in U.S. history. Passed by Congress and it also includes billions of dollars that will go directly to New York City.

To be precise, it is 6 million that will be used in different ways like Stimulus Checks, Child Tax Credit, MTA Relief and Vaccines.

De Blasio has called the stimulus a “game changer” for ...

Continue Reading →
0
Page 1 of 2 12