NAR releases Q2 median condo prices in major metros

The National Association of Realtors’ Metropolitan Median Area Prices and Affordability Report shows affordability becoming less prevalent compared to last year. Only 16 percent (29 out of 178) of metro statistical areas had a lower median price in the…

Newly built New York City condos grow in price

According to CityRealty’s monthly market report on New York City condos and co-ops, Manhattan grossed $2.3 billion in residential sales in July. Total home sales, including both condos and co-ops, reached 1,086 — up from 906 the month prior …

Redfin: Miami home sales rose in June for first time since November

Last month Miami homes hit their highest prices since at least February 2010, when Redfin began tracking the numbers; the median sale price was $260,000, up 7.4 percent in June. Median sale prices in Miami have seen year-over-year increases every month…

Redfin: SF home sales slow despite rush of new sellers

San Francisco home prices rose 2 percent in June from a year earlier, to a median $1.25 million. Sales in the city fell 6.9 percent, the sixth year-over-year slowdown. …

Bay Harbor Islands emerging as a hot neighborhood

Hidden among well-known neighborhoods in South Florida, including Bal Harbour and Surfside to the East and North Miami on the West, there is a lesser-known and highly underrated neighborhood — Bay Harbor Islands …

Foreclosures in NYC reach rare heights, report says

Foreclosures are rising in New York City, and the majority of them are being processed in Queens. According to Property Shark, first-time foreclosure auctions in NYC in the second quarter of 2016 surpassed levels seen in the past six years …

Miami developer teams with NYC agency to draw snowbirds south

Miami developer NR Investments isn’t comparing apples to oranges, but it does think residents of the Big Apple will fit perfectly as snowbirds in the orange-growing climate of Miami.

Klara Madlin Real Estate, based in New York, has teamed up with NR I…

Paramount Miami Worldcenter to kickstart landmark development

“Miami is one of the most advanced condo markets in the world,” said Daniel Kodsi, CEO of Paramount Miami Worldcenter. “The residential component feeds off the retail component, and vice versa.” …

What I learned as a real estate VP selling my home

I’ve worked in the real estate business for almost a decade. While my firm (Macdonald Real Estate Group) is active in residential sales, we also have other divisions including commercial brokerage and leasing, project marketing (new homes and condos consulting), property management and our expanding presence in Mainland China (the topic of several past Inman News articles) …

Soho Properties receives $219 million for 45 Park Place tower

Soho Properties Chairman and CEO Sharif El-Gamal recently announced the company’s securing of $219 million to put toward construction of a high-rise residential condo property in Tribeca …