Condo

Residential Closed Median Sale Price in New York Edges Down Slightly in Month-over-Month Comparison in December

Retrieved on: 
Freitag, Januar 20, 2023
Housing, County, Catskill, Hudson, MLS, Sale, Condo, IQVIA, Multiple listing service, Statistics, Hudson Valley, Real estate

FARMINGDALE, N.Y., Jan. 20, 2023 /PRNewswire/ -- OneKey® MLS is the one source real estate marketplace for monthly statistics for residential real estate transactions from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains. For December 2022, OneKey MLS reported a regional closed median sale price of $570,000, representing a 0.90% decrease as compared to the reported $575,000 in November 2022. Between November and December 2022, closed regional sales transactions, including residential, condo, and co-op sales, decreased to 4,270 from 4,620, representing a -7.60% month-over-month change.

Key Points: 
  • For December 2022, OneKey MLS reported a regional closed median sale price of $570,000, representing a 0.90% decrease as compared to the reported $575,000 in November 2022.
  • Three of nine counties reported an increased closed median sale price in a month-over-month comparison, while six counties reported a decreased median sale price.
  • The Bronx (+9.30%), Sullivan (+4.20%), and Putnam (+0.80%) Counties reported month-over-month increases in closed median sale price.
  • Suffolk (-0.50%), Queens
    (-0.70%), Orange (-1.30%), Westchester (-1.60%), Nassau (-1.90%), and Rockland (-2.10%) Counties reported month-over-month decreases in closed median sale price.

Miami Real Estate Posts Best June Sales Month in History; Existing Condo Sales Jump 212.8% Year-Over-Year

Retrieved on: 
Freitag, Juli 23, 2021
Business, Real property law, Condominium, Articles, Sales, Condo, Economy

"Miami's condo market has now posted a remarkable 10 consecutive months of sales gains," MIAMI Chairman of the Board Jennifer Wollmann said. "South Florida's strong market fundamentals--- U.S. companies bringing high-paying jobs to Miami, tax-burdened Northeast and West Coast homebuyers relocating to our tax-friendly and pro-business region, year-over-year population gains, increased availability of remote work, low mortgage rates --- continue to fuel Miami real estate."

Key Points: 
  • Unlike many other major cities that have low inventory, Miami existing condo market has 5.1 months of condo supply.
  • International homebuyers, who have long preferred condos, have pent-up demand for Miami real estate and are also returning to the No.
  • Miami existing condo sales are up in all price ranges in June 2021, with major transaction increases in properties selling at $400K and above.
  • Cash sales accounted for 49.4% of all Miami existing condo sales and 25.9% of single-family transactions.

Fla.'s Housing Market: Sales, Median Price, New Listings Up in June 2021

Retrieved on: 
Donnerstag, Juli 22, 2021
Real property law, Housing, Townhouse, Real estate, Condominium, National Association of Realtors, Condo, Land law, Euthenics

ORLANDO, Fla., July 22, 2021 /PRNewswire/ -- Florida's housing market continued the same trends as previous months with more closed sales, higher median prices and more new listings compared to a year ago, according to Florida Realtorslatest housing data.

Key Points: 
  • ORLANDO, Fla., July 22, 2021 /PRNewswire/ -- Florida's housing market continued the same trends as previous months with more closed sales, higher median prices and more new listings compared to a year ago, according to Florida Realtorslatest housing data.
  • In a positive sign, new listings for single-family existing homes in June rose 21.6% year-over-year, while new listings for condos-townhouse properties increased 10%.
  • Closed sales of single-family homes statewide in June totaled 34,165, up 23.6% year-over-year, while existing condo-townhouse sales totaled 16,155, up 79.6% over June 2020.
  • Last month's statewide median price for condo-townhouse units was $256,945, up 22.4% over the year-ago figure.

Homebuyers Are Turning Back to Condos After Pandemic-Driven Slump

Retrieved on: 
Mittwoch, Juli 21, 2021
Condominium, Real property law, Condo, American television series

The first time was in May, signaling renewed homebuyer competition for condos after a pandemic-fueled slump.

Key Points: 
  • The first time was in May, signaling renewed homebuyer competition for condos after a pandemic-fueled slump.
  • Nationwide, the typical condo sold for 0.7% above its asking price in June, following a premium of 0.4% in May.
  • At the same time, the number of condos for sale (seasonally adjusted) dropped 18% from a year earlier, while new listings were up 7.6%.
  • The fact that new listings are up while overall supply is down indicates that demand is high, and condos are selling quickly.

Fla.'s Housing Market: Sales, Median Prices, New Listings Show Gains in December

Retrieved on: 
Freitag, Januar 22, 2021
Real property law, Condominium, Townhouse, Condo, Real estate, Land law, Euthenics

However, a continued shortage of for-sale inventory is having an impact on prices and attainable, affordable housing."

Key Points: 
  • However, a continued shortage of for-sale inventory is having an impact on prices and attainable, affordable housing."
  • In December, closed sales of single-family homes statewide totaled 30,478, up 21% year-over-year, while existing condo-townhouse sales totaled 12,752, up 27.7% over December 2019.
  • The statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year in December for 108 consecutive months.
  • Last month's statewide median price for condo-townhouse units was $230,000, up 13.7% over the year-ago figure.

Fla.'s Housing Market: Sales, Median Prices, New Listings Rise in November

Retrieved on: 
Dienstag, Dezember 22, 2020
Real property law, Condominium, Housing, Townhouse, Condo, Real estate, Land law, Euthenics

"With high demand, Florida's housing market continues to gain momentum and provide support for the state's economy."

Key Points: 
  • "With high demand, Florida's housing market continues to gain momentum and provide support for the state's economy."
  • In November, closed sales of single-family homes statewide totaled 26,406, up 22.9% year-over-year, while existing condo-townhouse sales totaled 11,003, up 30.2% over November 2019.
  • The statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year in November for 107 consecutive months.
  • Last month's statewide median price for condo-townhouse units was $228,000, up 16.9% over the year-ago figure.

Condo Prices Down 1.4% in June, Sales Down 31%, But Demand Is Ticking Up

Retrieved on: 
Freitag, Juli 31, 2020
Condo, Condominium, Uptick rule, Drop, Music, Mass media, Popular culture

Single-family home sales are experiencing smaller drops, with an 11.9% year-over-year decline in June after a 27.6% drop at their low point in May.

Key Points: 
  • Single-family home sales are experiencing smaller drops, with an 11.9% year-over-year decline in June after a 27.6% drop at their low point in May.
  • Pending condo sales were down 4% year over year on a seasonally adjusted basis in June, an uptick from the 46.1% drop when growth bottomed out in April.
  • New condo listings rose 1.9% year over year in June after bottoming out with a 47.1% fall in April.
  • New listings of single-family homes dipped 13.5% year over year, versus a 38.9% drop when they bottomed out in April.

Fla.'s Housing Market: Sales, Median Price, Pending Inventory Up at End of 2019

Retrieved on: 
Mittwoch, Februar 12, 2020
Real property law, Housing, Townhouse, Inventory, Condominium, Condo, Real estate, Land law, Euthenics

New pending sales for condo-townhouses for 4Q 2019 increased 6.8% compared to a year ago, while pending inventory was up 4% from the same quarter the previous year.

Key Points: 
  • New pending sales for condo-townhouses for 4Q 2019 increased 6.8% compared to a year ago, while pending inventory was up 4% from the same quarter the previous year.
  • New pending sales for existing single-family homes rose 5.2% at the end of 2019 compared to the previous year, while pending inventory for single-family homes increased 8.7% from a year ago.
  • New pending sales for condo-townhouse units for the end of 2019 increased 0.2% compared to a year ago, while pending inventory for condo-townhouses was up 4% from year-end 2018.
  • At the end of 2019 and also for 4Q 2019, inventory for single-family homes stood at a 3.4-months' supply, while inventory for condo-townhouse properties was at a 5.2-months' supply, according to Florida Realtors.

Miami Luxury Home Sales Surge Double Digits in October; Total Sales, Median Prices Also Increase

Retrieved on: 
Donnerstag, November 21, 2019
Real property law, Geography of Florida, Condominium, Miami, Condo, Cities in the United States, Florida

Miami single-family home sales are up 2.3% year-to-date compared to first 10 months of last year; condo sales are up 0.5% year-to date.

Key Points: 
  • Miami single-family home sales are up 2.3% year-to-date compared to first 10 months of last year; condo sales are up 0.5% year-to date.
  • The increased number of luxury transactions raised the total dollar volume for Miami real estate last month.
  • Short sales and REOs accounted for 1.2% and 5.1%, respectively, of total Miami sales in October 2019.
  • Statewide median sales prices for both single-family homes and condo-townhouse properties in October rose year-over-year for 94 months in a row.

NYC Luxury Market: Condo Sales Slip As Co-Ops Make A Comeback

Retrieved on: 
Dienstag, August 14, 2018
Real property law, Condominium, Condo

"This was the first time in the past six years the condo market saw a reduction in sales," Derderian observed.

Key Points: 
  • "This was the first time in the past six years the condo market saw a reduction in sales," Derderian observed.
  • Markedly, the luxury co-op market saw a 10% increase in sales, after recording yearly sales declines in both 2016 and 2017.
  • Still, the number of luxury condo sales, at 303 deals, was significantly higher than co-op sales, which recorded 103.
  • Indeed, the median condo sales price in Brooklyn fell 12% to $5,900,000, while the average price dropped 10% to $6,719,670.