Carol Staab
Associate Broker
Douglas Elliman
111 Fifth Avenue
New York , NY 10003

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Manhattan Luxury Real Estate Report – March 13

The $4 million and over Manhattan luxury real estate market experienced 6 straight winning weeks in a row with 21 signed contracts! Condos outpaced co-ops 17 to 4. Downtown tied with the Westside with 8 contracts.

Top Luxury Real Estate Sales and Stats

Breakdown by Manhattan Neighborhood:

East West Midtown Downtown Totals
Co-ops 3 1 0 0 4
Condos 1 7 1 8 17
Townhouses 0 0 0 0 0
Totals 4 8 1 8                       21
  • Weekly Sales Volume Total was $171,769,000 versus $237,912,000 the prior week.
  • Average asking price was $8,811,556 versus $7,061,862 the prior week.
  • The average number of days on the market was 422 versus 366 the prior week. 180 days is the normal range. Luxury real estate has been taking longer to sell.
  • The average percentage of discount from original asking price was 11% versus 10% the prior week.
  • The Number 1 signed contract was a condo at 20 East End Avenue # PHB asking $27.9 million.
  • The Number 2 signed contract was a co-op at 834 Fifth Avenue #7B asking $20 million.

Celebrity Real Estate News

Penthouse At 432 Park Sells For Significantly Less Than Previous Asking Price.

Clothing Magnate Jurgen Friedrich Relists Plaza Hotel Spread With $10M discount.

Will Smith’s Onetime Noho rental hist the market for $11.8M.

Studio 54 Founder Relists Manhattan Condo for $10.75M.

Looking for more information or an evaluation? Contact me anytime!

Check out my latest video “Is Your Selling Style Hurting Your Home Sale?