LUXURY MARKET REPORT
May 13-19, 2019
Twenty-seven contracts were signed last week at $4 million and above. It was the fourth straight week of 20+ sales--and one-third of all contracts were asking above $10 million.

Stat Geek Alert: The No.1 deal was the highest priced contract of the year, which contributed to the largest weekly dollar volume in over a year----$291,215,000.

The No.1 contract was the Penthouse at 212 Fifth Avenue, asking $58 million, reduced from $73.8 million when it was listed in October 2015. You read that right—21% below its original asking price—a phenomenon that has become almost routine in the current market. The triplex has 10,079 square feet including 5 bedrooms, 5 bathrooms, 3 powder rooms, and terraces that total 5,730 square feet. The bottom floor has a 38’ x 38’ great room, a dining room, library, master suite and 4 bedrooms. The middle floor features the ...

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