Manhattan Luxury Market Gains A Record 27 Contracts Following Labor Day

15 Central Park West
15 Central Park West

For the seven days through Sunday September 12, 2021 there were 27 contracts signed for properties asking $4 million and above. This sales activity surpasses the previous Labor Day record of 20 signed contracts set in 2018. Deals included 18 condos, five co-ops and four townhouses with a combined list value of nearly $211 million. [Mansion Global].

In New York City New Development Contracts Increase 109% In August 2021 Vs. 2020

The Lantern House
The Lantern House

421 new development contracts were signed across New York City in August 2021 an increase of 109% from 2020 and 88% from 2019. There was also a 16% gain in new development contracts from July 2021 as the market momentum continues. The most active projects in Manhattan were: the Lantern House in West Chelsea designed by Thomas Heatherwick; and 130 William in the Financial District designed by David Adjaye. [The Real Deal]

130 William
130 William

Condominiums Set Pace For Luxury Sales In 2021

Financial District Manhattan

In the seven days through Sunday August 15, there were 33 contracts signed in Manhattan for residences priced at $4 million and above. Of those luxury contracts 79% or 26 were condos, 4 were townhouses and 3 were co-ops. During the prior week condos accounted for 75% of luxury contracts. Condos have outsold co-ops in every week of 2021. [Mansion Global]