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December 24-30, 2012
2012 YEAR END REPORT
Report on Contracts Signed
NYC Residential
Properties
$4 Million and Above
4 Contracts Signed 12/24/2012-12/30/2012
Four contracts were signed last week, bringing the total for 2012 to 807 contracts at
$4 million and above, representing $6.6 billion in sales. It was the strongest year in the
luxury market, with 7% more contracts signed than the 2007 peak and a 20% increase
over 2011.
Streeteasy.com is reporting that to date 721 recorded sales have closed at $4 million
and above. That number represents 427 condos, 228 co-ops, and 66 townhouses.
Also, according to Streeteasy.com, there were 129 sales that closed at $10 million and
above, while 4 closed north of $50 million. This included the all-time record holder: The
penthouse at 15 Central Park West, an $88 million condo that went to contract in 2011
but closed in February. The No.2 spot was the 30th and 31st floor condo at 50 Central
Park South, which closed for $70 million in June.
As for the last week of 2012, the No.1 contract was Apartment 8W at 135 East 79 th
Street, asking $10,195,000. This 4-bedroom, 3.5-bath is a new condo that started on
the market in September, and by November, the developer raised the asking price by
$645,000. The unit has 3,287 square feet with a study, a 31-foot living room, and a large
eat-in kitchen by Christopher Peacock loaded with high end appliances.
Contracts Signed as Reported by Olshan Realty
January 1- December 30, 2012 on Asking Prices $4 million and Above
| |
# of Sales |
Avg. Price |
Avg. Price/Sq.ft |
Avg. Size |
Condo Sales |
458 |
$7,446,294 |
$2,476/sq.ft. |
3,010 sq.ft. |
Co-op Sales |
223 |
$7,741,322 |
|
|
Condop Sales |
10 |
$10,182,222 |
$2,702/sq.ft. |
3,497 sq,ft |
Townhouse Sales |
116 |
$ 8,527,581 |
$1,599/sq.ft. |
5,348 sq.ft. |
Total |
807 |
|
|
|
Total Volume of 2012 Contracts Signed at $4 million and above: $6,629,532,414
Average Price of All Properties: $8,034,877
Median: $6,254,490
Average discount before property went into contract: 6%
Average Days on Market Before Contract Was Signed: 248
Recorded Closed Sales as Reported by Streeteasy.com
January 1-December 30, 2012: $4 million and Above
| |
# of Sales |
Avg. Price |
Avg. Price/Sq.ft |
Avg. Size |
Condo Sales |
427 |
$7,292,033 |
$2,685/sq.ft. |
2,944 sq.ft. |
Co-op Sales |
228 |
$8,547,808 |
|
|
Townhouse Sales |
66 |
$10,109,359 |
$2,190/sq.ft. |
4,984 sq.ft. |
Recorded Closed Sales as Reported by Streeteasy.com
January 1-December 30, 2012: $10 million and Above
| |
# of Sales |
Avg. Price |
Avg. Price/Sq.ft |
Avg. Size |
Condo Sales |
56 |
$17,207,999 |
$4,856/sq.ft. |
3,856 sq.ft. |
Co-op Sales |
46 |
$20,066,340 |
|
|
Townhouse Sales |
27 |
$15,087,933 |
$2,573/sq.ft. |
6,178 sq.ft. |
NYC Luxury Tracking Scoreboard: Sales $4 Million and Above
December 24-30, 2012
| |
East |
West |
Midtown |
Downtown |
Asking $/sq.ft. |
Totals |
Co-ops |
0 |
0 |
0 |
0 |
|
0 |
Condos |
1 |
0 |
1 |
1 |
Avg. Price: $2,295 sq.ft.
Avg. Size : 2,966 sq.ft. |
3 |
Condops * |
0 |
0 |
0 |
0 |
|
0 |
Townhouses |
1 |
0 |
0 |
0 |
Avg. Price: $1,750/sq.ft.
Avg. Size: 3,200 sq.ft. |
1 |
Totals |
2 |
0 |
1 |
1 |
|
4 |
Total Weekly Asking Price Sales Volume: $26,020,000
Average Asking Price: $6,505,000
Median Asking Price: $5,775,000
Average Discount from Original Ask to Last Asking Price: 0%
Average Days on Market:159
*Condop is a co-op with condo rules.
4 Closed Sales in 2012 North of $50 million:
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/1302289066e836.htm
TO VIEW 3 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/1302284496bab4.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/130228b08cf3c2.htm
Luxury Property Specialists:
Donna Olshan
President
dso@olshan.com
Emily Chen
Private Wealth Real Estate Services
Chief of Research
ecc@olshan.com
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