Weekly Manhattan Real Estate Market Report.

6 November 2023

Offer: There were 356 new properties on the market over the last 7 days, an increase of +0.30% compared to last week. During the month of October there were a total of 1,588 new properties for sale on the market, […]

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Home prices in the U.S. increased continuously for the sixth consecutive month.

3 November 2023

Notably, the city of Chicago has consistently shown the most significant gains for the fourth consecutive month.  The S&P CoreLogic 20-city house price index demonstrates a +1% rise in August compared to the previous month, while the national index exhibits […]

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Condo sale in October 2023 in Miami-Dade county.

3 November 2023

In October, Miami-Dade condo sales, although experiencing a slight dip, reached a respectable figure of $481M down from$548M in September and $700M in August. Last month, a total of 772 condo units were sold , compared to 809 in September […]

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Historic Miami Beach hotel owner plans 18-story tower under state’s affordable housing law

27 October 2023

The owner of Clevelander and Essex House in South Beach, Jesta Group, has filed plans for an 18-story tower in Miami Beach, permitted under Florida’s new affordable housing law, despite initial expectations for a 30-story building.  Criticized by local officials, […]

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The legendary Flatiron Building is being converted into residential!

27 October 2023

The Flatiron Building is undergoing a residential transformation, as the Brodsky Organization has purchased a share in the renowned landmark. Teaming up with the Sorgente Group, the prominent New York real estate family will oversee the conversion of the 120-year-old […]

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Weekly real estate report: waterfront homes (South Miami Beach)  

23 October 2023

45 Active listings: (avg price=$22.3M ; avg price/sqft=$3,973/sqft) Least expensive: 17 closed sales in the last 6 months: (avg price=$23.8M ; avg price/sqft=$3,569/sqft) 4 properties currently under contract: (avg price=$24.450M ; avg price/sqft=$3,491/sqft)

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Weekly Manhattan real estate report

23 October 2023

As of October 23, 2023, the real estate market is still very dynamic. The number of properties on the market witnessed a substantial increase with 392 new listings for sale this week, a rise of +16.3% from the week before. […]

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REBNY adopts new buyer’s agent commission rules

20 October 2023

The Real Estate Board of New York (REBNY) is introducing changes to buyer’s agent commission rules, effective January 1, sparking reactions among agents. Under the new rules, listing brokers will no longer pay buyer’s agents; instead, sellers will directly compensate […]

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Real Estate prices South Florida: a relief for buyers?

20 October 2023

In September, home prices in Miami-Dade County “cool down” for the third consecutive month, providing some relief to buyers who have been waiting.  Median sales  prices for the month of September 2023 for single-family houses is  $600,000, a minor decrease […]

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