NewYork
In contrast to the stock market decline in January 2022, Manhattan’s luxury real estate market rallied and recorded a total of 102 signed contracts at $4 million and above, the strongest January performance since 2006 when the data collection began. [Mansion Global]
The Hamptons, on the eastern end of Long Island, recorded 95 sales of homes priced above $10 million in 2021. The most sales on record. The median sale price in the Hamptons for luxury homes, calculated based on the highest 10% of sales, was $10.73 million in the fourth quarter of 2021, up 21.7% from the previous year. Listing inventory was down by 44.3%. The median sale price was the highest in 15 years. [Mansion Global]
Their were 325 contracts in New York City for homes priced at $10 million and above in 2021. The highest amount on record and more than the 228 contracts signed in 2019 and 2020 combined. The median sale price for trophy homes in 2021 was $14.5 million. [Mansion Global]