LUXURY MARKET REPORT
July 8-14, 2019
Nine contracts were signed last week at $4 million and above, the same dismal total as the previous week. The dollar volume of $51.25 million was the lowest since the middle of November 2013---that total, though, was an aberration as 2013 was a robust year in the Manhattan luxury market.

Stat Geek Alert: Last week was the second week in a row in which not a single property at $10 million and above went to contract. That hasn’t happened since September 2011.

The No. 1 contract was 18A at 21 East 12th Street, asking $8.75 million. This reportedly is the only unit that the sponsor allowed a purchaser to assign their contract to a new buyer. The original contract was signed in September 2017, and at that time the unit was asking $8.6 million. It has 2,679 square feet including 4 bedrooms and 4.5 bathrooms. The fourth ...

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