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Is this a fake recovery or a real one? That’s the question.
The second quarter of 2019 was probably an odd one because the new transfer and mansion tax rates kicked in starting July 1st, which means there are now higher closing costs for buyers of luxury properties. It follows that there was a rush to buy this kind of properties before the July 1st deadline.
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Miami-Dade
After a rough first quarter, residential sales in Miami-Dade increased slightly in April, up 1.1 percent year-over-year to 2,629 closings. The total sales volume in April was $1.23 billion, compared to $1.19 billion a year earlier.
Single-family home sales rose nearly 4 percent to 1,265, while condo sales decreased by 1.4 percent to 1,364, according to the Miami Association of Realtors.
In March, condo sales rose sharply, up 18 percent year-over-year. Prices increased as ...
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One Hundred-Twenty one contracts were signed at $4 million and above, 33 more than the last month, a solid performance in the Manhattan luxury real estate market despite the general market trend, growing compared to four weeks ago.
Total Monthly Asking Price Sales Volume goes to $1,097,762,000 bringing the Average Sales Price to $9,072,413 ...
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