market Archives - Page 9 of 11 - Rava Realty

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

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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 ...

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Manhattan Luxury Market Reality Check – April 2020

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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!
With this report, we are going to tell you at what prices luxury properties are actually closing and what was ...

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8 Questions To Ask as You Search for an Apartment During the Coronavirus Pandemic

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  1. Can you show me the apartment live? Since you cannot tour the apartment in person, the next best thing is a live video tour.
  2. Can you send me the floor plan? If an apartment is already occupied and a live viewing is not possible, request a floor plan.
  3. What is the closet space like? Ask for the measurements of each closet and get photos, if possible, for a better idea of the closet layout.
  4. Where are the services (supermarkets etc.) located in relation ...
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Condo Sales Volume Plunges in Miami-Dade

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Condo sales volume dropped by more than $20 million last week.
A total of 49 condos in Miami-Dade County sold for $30 million last week. That’s compared to 47 units that sold for $54 million the previous week. Condos last week sold for an average price of about $616,000 or $362 per square foot.

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Manhattan Sales Market Forecast

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We would all like to own a crystal ball to look into the future and now more than ever we are asked about what’s going to happen in the next few months. Well, I am not going to be as bold as to offer my own forecast (I like to be like Switzerland: neutral ;o) but here are some meaningful insights from Noah Rosenblatt at Urban Digs, an expert and a real estate data company I trust.

WATCH THE YOUTUBE ...

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Supply and Demand

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The National Association of Realtors reports that total existing-home sales dropped, nation wide, 8.5% in March. Despite the decline, home prices are still steady. The median existing-home price in March was $280,600, UP 8.0% from the same period in 2019. Total housing inventory at the end of March was down 10.2% from one year ago.

Many sellers had withdrawn their properties from ...

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