Twenty contracts were signed last week at $4 million and above, the 7th straight week of 20 or more sales.
Stat Geek Alert No.1: Two weeks ago, only 1 co-op went to contract at $4 million and above. Last week, co-ops tied condos, 9 to 9, for the first time this year, a rare event in Manhattan’s luxury market. How rare? It hasn’t happened since the week of May 28, 2018, when co-ops tied condos, 10 to 10.
Stat Geek Alert No. 2: Co-ops haven’t outsold condos in the Manhattan luxury market since the week of June 17-23, 2013. You read that right! It hasn’t happened in almost 6 years when the score was 13 co-ops to 12 condos.
The No. 1 contract was a townhouse at 12 East 81Street, asking $25 million, which had been listed since September. This 5-story, 20-foot-wide brick house has 6,840 square feet including 6 bedrooms, 6.5 bathrooms, a garden off the kitchen, 2 south facing terraces, and an elevator. Annual real estate taxes total $124,927. The seller paid $19.6 million in 2010.
The No. 2 contract was 3C at 145 Central Park West, asking $16.75 million, reduced from $20 million when it went on the market in October. This co-op has 4 bedrooms and 5.5 bathrooms. The corner 32-foot living room, library, and formal dining room face Central Park. It is in the San Remo, a co-op known for its celebrity residents, including Steven Spielberg and Steve Martin.
EAST SIDE | WEST SIDE | MIDTOWN | DOWNTOWN | Asking $/sq.ft. | Totals | |
---|---|---|---|---|---|---|
Co-ops | 1 | 6 | 0 | 2 | Avg.Ask: $8,412,778 |
9 |
Condos | 0 | 1 | 1 | 7 | Avg.Ask: $5,989,333 Avg.$/sq.ft.: $2,422/sq.ft. Avg.Size: 2,473 sq.ft. |
9 |
Condop* | 0 | 0 | 0 | 0 | Avg.Ask: |
0 |
Townhouses | Avg.Ask: $15,497,500 Avg.$/sq.ft.: $2,836/sq.ft. Avg.Size: 5,465 sq.ft. |
2 | ||||
TOTALS | 2 | 7 | 1 | 10 | 20 |
CLICK HERE TO VIEW 18 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 2 CONTRACTS SIGNED ON TOWNHOUSES |
Donna Olshan, President |
Emily Chen, Private Wealth Real Estate Services
|
Donna Olshan President dso@olshan.com |
Emily Chen Private Wealth Real Estate Services Chief of Research ecc@olshan.com |