Manhattan Weekly Market Update - November 5, 2021
Weekly Manhattan Luxury Market Update - Oct 25, 2021 Forty-seven contracts were signed at the $4 million and above, which is only 3 fewer than we had on that previous week. Quick Stats: - 31 Condo Units with an average asking price of $8.1M and an average $/sqft of $2,999. - 10 Coop Units with an average asking price of $8.3M. - 6 Townhouses with an average asking price of $7.7M and an average $/sqft of $1,562. - The overall average asking price: $8.1M. - The median asking price: $5.9M. - The total average listing discount: 8%. -The average number of days on the market: 452. October is starting at a very high pace for contracts signed! There were 184 signed contracts in the past 4 weeks at $4 million and above. This past week, for the 14th time this year, there were 40 or more contracts 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 PRINCIPA
