OLSHAN LUXURY MARKET REPORT

Fill in your address below to receive this regular report via email



Subscribe | Unsubscribe


July 16-22, 2012

Report on Contracts Signed
NYC Residential Properties
$4 Million and Above

7 Contracts Signed

Every dog has his day, and as we approach the dog days of August, my prediction about a summer slowdown finally seems to be coming true. Only 7 contracts were signed last week on properties at $4 million and above.

The No. 1 contract was apartment 18/19A at 965 Fifth Avenue, asking $17.9 million for this duplex penthouse with 6 bedrooms, 6 baths, multiple terraces, and 3 fireplaces. The co-op, which is in good condition, has glorious views of Central Park from the living room, dining room, and two of the bedrooms.

NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
July 16-22, 2012

East

West

Midtown

Downtown

Asking $/sq.ft.

Totals

Co-ops

2

0

0

0


2

Condos

1

0

2

1

Avg.Price:$2,115/sq.ft.
Avg.Size:2,358sq.ft.

4

Condops *

0

0

0

0


0

Townhouses

0

1

0

0

Avg.Price:$1,477/sq.ft.
Avg.Size:5,347sq.ft.

1

Totals

3

1

2

1

7

Total Weekly Asking Price Sales Volume: $52,244,000
Average Asking Price: $7,463,429
Median Asking Price: $6,500,000
Average Discount from Original Ask to Last Asking Price:6%
Average Days on Market:156
*Condop is a co-op with condo rules.

TO VIEW 6 CONTRACTS SIGNED ON APARTMENTS:
Please click here to view the listings. If that doesn't work, please copy and paste the following address into your browser. Alternatively, you can Press Control and Click on the link below:
http://media.realplusonline.com/webreports/12092114288df0.htm

TO VIEW 1 CONTRACTS SIGNED ON TOWNHOUSES:
Please click here to view the listings. If that doesn't work, please copy and paste the following address into your browser. Alternatively, you can Press Control and Click on the link below:
http://media.realplusonline.com/webreports/120920e3e83fdd.htm

Donna Olshan
President
dso@olshan.com

Emily Chen
Private Wealth Real Estate Services
Chief of Research
ecc@olshan.com

CLICK HERE TO VIEW PAST MARKET REPORTS.

Email Olshan Olshan on Twitter Olshan on Facebook