OLSHAN LUXURY MARKET REPORT

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November 16-22, 2015

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

32 Contracts Signed

If you are an observer of the Manhattan luxury real estate market, this is what Spring in November looks like: 32 contracts were signed last week at $4 million and above, raising the total number to 100 during this month alone. Total volume? A whopping $797,429,700!

The No.1 contract signed last week was a townhouse with a one-car garage at 7 East 84th Street, asking $29 million. This 6-story, 25-foot-wide, brick-and-limestone house has 13,000 square feet including 8 bedrooms, 11.5 bathroom, 8 fireplaces, and an elevator.

The No. 2 contract was PHE2101 at 200 East 66th Street. This 4-bedroom unit in the Manhattan House condo has 4,026 square feet, 2 fireplaces, and a wraparound terrace totaling 2,143 square feet. The unit was sold by the developer, and delivered completely renovated.

NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
November 16-22, 2015

East

West

Midtown

Downtown

Asking $/sq.ft.

Totals

Co-ops

3

2

0

0

Avg.Ask:$5,877,980

5

Condos

3

6

1

14

Avg.Ask:$14,733,333
Avg.$/sq.ft:$2,618/sq.ft.
Avg.Size: 2,536 sq.ft.

24

Condops *

0

0

0

0



0

Townhouses

2

0

0

1

Avg.Ask:$14,733,333
Avg.$/sq.ft.$1,860/sq.ft.
Avg.Size:7,921sq.ft.

3

Totals

8

8

1

15

32

Total Weekly Asking Price Sales Volume: $232,919,900
Average Asking Price: $7,278,747
Median Asking Price: $5,787,500
Average Discount from Original Ask to Last Asking Price:2%
Average Days on Market:189
*Condop is a co-op with condo rules.

TO VIEW 29 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/1601214ad8234b.htm
http://media.realplusonline.com/webreports/160121de79ae22.htm

TO VIEW 3 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/1601204e3c059b.htm

Donna Olshan
President
dso@olshan.com

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

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