market Archives - Page 6 of 11

Hotels In Miami Are Performing Better Than Any Other Major U.S. Market During Covid

Occupancy for the month of January was 54.5%, with an average daily room rate of $195.08. Both were the highest of any major market in the U.S. for the month.

In February, Miami continued to post the best number in the U.S.Occupancy was up to 75.8% in the third week of the month.

According to Travel Weekly, oceanfront hotels are doing particularly well, with most beach resorts reporting 80% to 90% on weekends. The numbers are particularly encouraging since ...

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2
APR
2021

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airbnb, covid, hotel, hotels, market, Miami, migration, occipancy, pandemic, real estate, short term, trvelers, USA, vacation

New leases for Manhattan apartments more than doubled in February

Posted by: Riccardo Ravasini

The renters are coming back to New York City in a big way, thanks to near record low concessions, falling rents, and lots of vacant apartments. Last month, new lease signings in Manhattan surged to their highest total for a February since the Financial Crisis in 2008.

(source: birckundergorund.com)

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26
MAR
2021

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2021, february, housing, market, new york, new york city, real estate, record, rent, rentals

Manhattan Luxury Market Reality Check – Jan 2021

Posted by: Riccardo Ravasini

There were 38 closing at $4 million and above in January 2021, 45 lessthan the previous month. The Average Closing Price was $8,493,335 down -4% from the previous month, meanwhile the Median Closing Price was $5,770,000 down -16% from the previous month, the Negotiability Factor, that is the average discount from the last asking price, was 14.23% up from 10.76% ...

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24
MAR
2021

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2021, average closing price, average days on market, check, city, january, luxury, manhattan, market, median closing price, negotiability factor, new york, real estate, reality, update, updates

Manhattan Real Estate Sales Market Update | 4th Quarter 2020

Posted by: Riccardo Ravasini

In Manhattan there are signs of improvement for the sellers, as the sales volume, listing inventory, months of supply and other indicators got better from the prior quarter, although remaining lower compared to a year ago.

The market share of cash buyers fell to a new record low (40.4%) given the current low interest rates.

Talking ...

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21
JAN
2021

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2020, 4Q20, fourth, manhattan, market, market update, new york, new york city, NYC, quarter, real estate, report, sales, update

Buyers who bet on NYC’s comeback can score a discount. But for how long?

Posted by: Riccardo Ravasini

Since the reopening of the marke last June, 70% of the contracts signed came from a listing with a price cut. (source: ubrandigs)

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28
DEC
2020

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buy, buyer, buyers, contract, contracts, coronavirus, covid, cut, discount, house, invest, investor, investors, manhattan, market, new york, new york city, NYC, pirce cut, price, real estate

US home prices jump at record rate

Posted by: Riccardo Ravasini

Home prices are on the up, but that may lead to trouble in the future.

The median cost of a single-family home jumped 12 percent in the third quarter to $313,500, marking the biggest year-over-year increase since 2013, according to data from the National Association of Realtors that was first reported by Bloomberg.

“Favorable mortgage rates will continue to bring fresh buyers to the market,” said Lawrence Yun, NAR’s chief economist. “However, the affordability situation will not improve even ...

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27
NOV
2020

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coronavirus, covid, home, market, mortgages, prices, real estate, sigle family, us, USA