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OLSHAN LUXURY MARKET REPORT
January 30-February 5, 2023
Twenty-nine contracts were signed last week in Manhattan at $4 million and above, 14 more than the previous week. Condos outsold co-ops, 17-6, with 1 condop and 5 townhouses in the mix.

Stat Geek Alert I: It was the first time in 6 weeks that the luxury market cracked 20 contracts, marking the largest weekly total since October 17-23, when 30 contracts were signed.

Stat Geek Alert II: The action was skewed to the lower end of the luxury market, as half of the properties sold below $6 million.

The No. 1 contract was 48S at 50 West 66th Street, asking $22.75 million. The condo has 3,556 square feet including 4 bedrooms and 4.5 bathrooms. It features a 32-foot living room that opens onto a 145-square-foot loggia showcasing dramatic Central Park views. Ceiling heights range from 13 to 14 feet. This new building ...

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