Summer Bummer Alert! Fourteen contracts were signed last week at $4 million and above, the 8th-straight week that total luxury sales have fallen below 20. The total dollar volume was $87.56 million, the lowest in 53 weeks. More bad news: No contracts were signed above $10 million, the first time that has happened since the Sandy storm—the week of October 29, 2012. It may not be much, but if you’re looking for a sliver of a silver lining, here goes: Six co-ops went to contract, the
best week for co-ops since the first week in June.
The No. 1 contract was 8/9A at 830 Park Avenue, asking $8,995,000.
This 3-bedroom, 4-bathroom duplex co-op is in excellent condition with interiors by Vicente Wolfe. It has a 30.5-foot living room looking north onto 76th street, a 22-foot kitchen, and a 28-foot master suite.
The No. 2 contract was a townhouse at 236 East 49th Street, asking $8.5 million.
This 19-foot-wide house has 5,690 square feet including 5 bedrooms and 6 bathrooms, plus an elevator and central air conditioning. It is one of 20 townhouses that shares the historic Turtle Bay Gardens, which stretches between 48th and 49th Streets, a lush green oasis that shares landscaping services among its owners.
CLICK HERE TO VIEW 13 CONTRACTS SIGNED ON APARTMENTS
CLICK HERE TO VIEW 1 CONTRACTS SIGNED ON TOWNHOUSES
© 2024 Olshan Realty | All Rights Reserved.
This website, its content, and the Olshan Luxury Report is copyright of Olshan Realty.
Source: Olshan Realty
QUICK STATS
for the week of
August 14-20, 2017
Total Weekly Asking Price Sales Volume: 87,560,000
Average Asking Price: 6,254,286
Median Asking Price: 6,050,000
Average Discount from Original Ask to Last Asking Price: 4%
Average Days on Market: 470
SUBSCRIBEFill in your address below to receive THE OLSHAN LUXURY REPORT via email every week!
OLSHANCONSULTINGRebranding, Rethinking, Positioning, Messaging—all critical aspects when your property is not selling. Olshan Consulting uses its
proprietary data and analytics to consult on how to efficiently get your
property sold.
Olshan uses its proprietary data and analytics in consulting banks,
hedge funds, developers on all aspects of residential design, marketing
and pricing.
MORE INFO
ARCHIVEView past reports and data.
VIEW IT
PRINTGet a printable version of this report.
PRINT IT
© 2024 Olshan Realty, Inc. | All Rights Reserved. | Established 1980641 Lexington Avenue, Suite 2200, New York, NY 10022 | 212-751-3300 |
Privacy Policy
This website, its content, and the Olshan Luxury Report is copyright of Olshan Realty.
. . . .