inventory Archives - Rava Realty

New development market defies seasonal norms

Usually, the ideal time to be on the market is to launch sometime in March or April, but we are seeing a different trend, at least in terms of new developments. Despite a slowdown in April due to various factors such as holidays, spring breaks, and the First Republic bank failure, New York City’s new development got a fresh wind in May.

Surprisingly, higher interest rates have boosted demand for new developments, as potential sellers in the resale market are hesitant to list and lose their lower rates. Developers have no ...

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19
JUN
2023

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contract signings, demand, developers, higher interest rates, inventory, labor and material shortages, new developments, prices, prime areas, real estate market, resale market, supply

Powerful new rush of buyers sends housing prices soaring

Posted by: Riccardo Ravasini

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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18
JUN
2021

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2020, 2021, average sales price, condo, covid, demand, florida, inventory, market, median sales price, Miami, miami beach, prices, real estate, recovery, soaring, south florida, transaction volume

Manhattan Rental Report – April 2021

Posted by: Riccardo Ravasini

The activity is picking up big time but there is still a huge amount of inventory to be absorbed.

April 2021 saw the largest number of new leases ever recorded, encouraged by the continuous price drops.

There were 9,087 New Lease Signings by the end of April, nearly seven times more than the same period a year ago, reaching ...

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21
MAY
2021

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2021, april, city, concession, days on market, effective, inventory, lease, leases, market, median, net, new york, number, record, rent, rental, states, update, updates, USA, vacancy

Manhattan Sales Report 1Q 2021

Posted by: Riccardo Ravasini

Let’s take a look at closed sales in the first quarter of 2021.

Manhattan has finally joined the real estate party that the wider tri-state region, and also most markets in the USA, have been experiencing since the summer.

Manhattan lost more residents than the other boroughs during the pandemic due to its ...

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16
APR
2021

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1, 1Q2021, 2021, average, buyers, days on market, demand, discount, first, first time, inventory, listing, manhattan, market, median, new york, new york city, price, q, quarter, real estate, sales, square foot, supply, update, USA

Manhattan Rental Report: July 2020

Posted by: Riccardo Ravasini

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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20
AUG
2020

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2020, average, days on market, effective, inventory, july, leases, manhattan, median, new york, new york city, price, rava realty, rental, report

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