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OLSHAN LUXURY MARKET REPORT
February 10-16, 2025
Forty-one contracts were signed last week in Manhattan at $4 million and above, 12 more than the previous week. Condos outsold co-ops, 26-10, with 5 townhouses in the mix.

Stat Geek Alert I: The luxury market continues to ride an impressive streak. Here are the totals in each of the last 4 weeks: 14, 22, 29, 41. Last week’s total was the largest since the week of May 2-8, 2022, when 43 contracts were also signed.

Stat Geek Alert II: Twenty of the 26 condos were sold by sponsors, the highest number of sponsor sales at $4 million and above since the week of February 28-March 6, 2022, when 21 such contracts were inked. The average asking price of the 20 sponsor units was $3,029/sq.ft. and the average size was 2,757 square feet.

The No. 1 contract was a townhouse at 973 Fifth ...

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