manhattan Archives - Page 16 of 17 - Rava Realty

Manhattan Luxury Reality Check January 2020

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manhattan luxury reality check

We studied hard to deliver a brand new report to you. The Reality Check on the Manhattan Luxury Market. Every week we hear of multi million dollar properties going on the market and sometimes the asking price seems exorbitant, because it is! 

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Less is more: Small Manhattan homes ruled in 2010s

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The average Manhattan apartment sold between 2010 and 2019 was just under 1,135 square feet, the smallest in more than three decades, according to Miller Samuel’s 10-year report on the Manhattan sales market.

Median sales prices for studio apartments rose by about 23 percent over the 10-year period, while spacious four-bedrooms saw median prices slide by about ...

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NYC isn’t building enough housing to keep up with job growth.

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It may seem like New York City is in the midst of a building boom, with new developments continuing to go up in areas including Long Island City and Downtown Brooklyn. But a new report prepared by the Department of City Planning refutes that, and makes the case that New York City needs to build more housing to keep up with its “explosive” job growth.

The report, titled “The Geography of Jobs,” delves into the city’s and ...

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Manhattan Real Estate Sales Market Update: 3rd Quarter 2019

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Many people in the industry predicted it: the number of transactions went down quite a bit – 14.2% YoY actually to 2,560 homes sold. As you may remember, many sales were pulled into the previous quarter in order to avoid the, well known and much discussed, Mansion Tax hikes. That generated a sense of “fake” recovery and we now know for a fact it was a “fake”!

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