update Archives - Page 2 of 4

Renters are ‘frantic’ to return to NYC

Imagine wanting to ease back into your New York City life after being away for a year. You scan apartment listings and see your old place is available. Sounds like a great coincidence, right?

That’s what happened to many people, like Ranee Soundara, who let her apartment lease lapse during the pandemic, and was hoping to return to the city in October. There was only one problem: The place is “now almost 25 percent more than what I paid last ...

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22
OCT
2021

English

city, manhattan, market, new, rental, update, york

Manhattan Sales Market Update – 3Q2021

Posted by: Riccardo Ravasini

There were over 4,523 sales in the 3rd quarter 2021, more than triple the amount registered in the 3rd quarter of 2020 and still over 76% higher than the same period in 2019. It’s basically an all time record for volume of transactions.

Median sales price was at $1,115,000, up year over year by +1.4% and by +8.8% from the same period two years ago. While the average sales price was $1,874,942, down 14% from 2,179,777, skewed lower by the fact ...

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18
OCT
2021

English

2021, 3Q2021, 3Q21, manhattan, market, real estate, sales, third quarter, update

F1 Racing In Miami from 2022

Posted by: Riccardo Ravasini

Formula 1 has struck a deal to host a second race on the shores of the United States of America, with Miami set to join the calendar in 2022.

Here’s your ultimate guide of what to expect from the 19-turn temporary street circuit – the US’s 11th F1 location – in Miami Gardens…

Look at this fun video from Red Bull Motorsports designed for the launch of the new Miami circuit.

(source:

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1
JUN
2021

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circuit, f1, formula one, Miami, miami gradens, motorsports, red bull, south florida, update, video

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, ...
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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 ...
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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 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 ...
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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

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