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Fair Housing Notice

Olshan Realty In the Press
New York Times New York Daily News The Real Deal Business Week New York Observer The Wall Street Journal New York Post The Hollywood Reporter New York Business Journal New York Metro Curbed
November 29-December 5, 2021
Thirty-four contracts were signed last week at $4 million and above, 3 fewer than the previous week---and the lowest total in 9 weeks. It’s too early to tell if last week’s worrisome stock market performance had any effect on the total. Many investors predict a turbulent stock market ahead, and we will have to wait and see if this reverberates through the luxury real estate market.

Stat Geek Alert: In the last 4 weeks, the average price drop from the original asking price to the last asking price has narrowed from 9% to 4%, while average days on the market have decreased from 575 days to 472.

The No. 1 contract was the 34th floor at 111 West 57th Street, asking $21.5 million. The condo has 4,492 square feet including 3 bedrooms, 3.5 bathrooms, and a large eat-in kitchen; a 37-foot great room and a ...


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