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
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
Working by referral. Let us help you find a home too!!

Comments

  1. Realtor Farmville VA Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with extra information? It is extremely helpful for me.

    ReplyDelete
  2. A mortgage broker is a lawyer who serves as a middleman between the borrower and the lender. He gathers all of the borrowers' paperwork, validates the paperwork, and then submits the mortgage application. A mortgage broker is only compensated when the loan has been funded. If you are looking for Mortgage Brokers Kawartha, visit the Mortgage Intelligence website.

    ReplyDelete

Post a Comment

Popular posts from this blog

NYC Sales Market Strengthens in April!!

Design Revolution in New York City's Chelsea

Legal Line Question of the Week: Transfer Taxes and Grossed up Consideration