increase Archives - Rava Realty

Increase in listings calms frenzied NYC sales market

Posted by:

The frenzied pace of the New York City sales market is calming down, a result of more listings on the market and slowing demand. With less competition, buyers have gained some breathing room—they can take a day or two to make an offer—something not possible in recent months.

It’s not exactly a swing from a seller’s to a buyer’s market, at least not yet—it’s more like a nudge.

You can expect a slower pace to return this summer, when the market usually ...

Continue Reading →
0

Single-family houses may be hot, but luxury condos are selling better than you think

Posted by:

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 Armani/Casa, said ...

Continue Reading →
0

Manhattan Residential Sales Activity: a good sign.

Posted by:

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 ...

Continue Reading →
0