Manhattan Weekly Market Update - October 8, 2021


Weekly Manhattan Market Update - Oct 8, 2021 

A weekly real-time narrative on all the talking points you need to know about the Manhattan Real Estate market as it happens. Get ahead of the curve and know what's happening with this week's market update.

This week's highlights: 
  • Supply is on its biggest run since the reopening
  • Pending sales ticks lower again
  • The buyer discount window is open
  • A peek at the weekly listing flow trends
  • Movers & Shakers and a look at Price Action

Weekly Manhattan Luxury Market Update - Oct 8, 2021

46 Contracts were signed at the $4 million and above, which is more than double last week's number of contracts signed. 
- 32 Condo Units with an average asking price of $6,9M and average $/sqft of 2,743;
- 7 Coop Units with an average asking price of 6,8M;
- 7 Townhouses with an average asking price of $11.4M and an average $/sqft of 1,819. 
- The overall average asking price: $7,6M
- The median asking price: $5,650M
- The total average listing discount: 6%
-The average days on the market: 400
This is the largest number of contracts signed since the week of April 19th - 25th, when we had 56 contracts signed! 
It is the 11th time this year that 40 or more contracts were signed at the luxury market price point. 

WOULD YOU LIKE TO KNOW MORE? PLEASE CONTACT US! IT IS OUR PLEASURE TO ASSIST YOU! THANK YOU! 

Fernando & Team

Fernando Branco, GRI, ABR, CNE
PRINCIPAL BROKER
Residential Real Estate
Commercial Sales & Leasing 
Graduate Realtor Institute (GRI) 
Accredited Buyer Representative (ABR) 
Certified Negotiator Expert (CNE)

162 Huntington St, Ste 1R, Brooklyn, NY 11231
c: (212) 321-0115
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