NewYork
Mansion Global reports, “the city is still home to 7,743 ultra-high-net-worth individuals (defined as those with a net worth of $30 million and above), more than any other city in the world. Overseas buyers accounted for 15% of the city’s sales in 2020, a number that’s expected to increase in 2021 as travel restrictions are loosened. At the city’s high point for international investment in 2014, foreign buyers accounted for 30% of sales.”
In Manhattan, during the month of April, 164 luxury homes asking $4 million or more went into contract compared with 4 deals in April 2020, a 4,000% increase. [Mansion Global]
Manhattan 7 day luxury deal volume from April 4 to April 11 tops $454.92 Million. The best total since 2013. Mansion Global reports: “The last seven days notched roughly the same number of signed contracts for homes asking $4 million or more as the whole 13-week shutdown last March, when the Covid-19 pandemic first gripped the city.”