MFI-Miami Blog

Here Are Top Five Most Expensive Homes Listed For Sale In Manhattan In December The five most expensive homes in New York City’s real estate listings for December were dominated by Lower Manhattan properties. The second week of December saw the five priciest homes new to the market range from $50 million to $6.6 million, compared with the  previous week’s  spread of $19.5 million to just under $10 million. The listings were pulled according to an analysis of StreetEasy and Compass data, and one submitted listing. The most expensive listing of the week by far was a West Village townhouse. The property hit the market quietly on Brown Harris Stevens’ website asking $50 million. Combined, the top five most expensive homes listed in New York City between Dec. 9 through Dec. 15 seek nearly $89.4 million. Read more at MFI-Miami

Manhattan Real Estate In The Midst Of Its Longest Losing Streak In 30 Years Manhattan real estate seems to be plummeting faster than contestants on a Japanese game show! The Manhattan real estate market saw it’s worst quarter since the financial crisis. Total sales fell 3% in the first quarter according to the report by Douglas Elliman and Miller Samuel. It is the sixth straight quarter of declines. the last 18 months is the longest downturn in the three decades. The drop stems from a number of issues. Manhattan faces an oversupply of high-end apartments and a lack of foreign buyers. Also, the new federal tax law has hit real estate in high-tax states. Read more at MFI-Miami