The 2021 Manhattan Luxury Market Has Best Year On Record

West Village

In Manhattan during 2021, there were 1,877 sales of properties priced at $4 million or above. The number of transactions was a 300% increase from 2020 and twice as much as 2019. The 2021 luxury sales volume was $15.9 billion. These totals are the highest on record since 2006 when the data collection began. The average price for a luxury residence in Manhattan was $8.5 million this year compared to $7.9 million in 2020.

There were 400 contracts signed for residences priced at $10 million or above in Manhattan during 2021, far surpassing the previous record of 270, set in 2014. [Mansion Global]

New York Leads Global Cities In Sales Priced Over $10 Million In The First Half Of 2021

59th Street New York

Among seven major global cities, New York lead with 202 sales of properties priced over $10 million during the first six months of 2021 . This figure was nearly four times the sales total in 2020 and an increase of 36% from 2019. The aggregate value of the sold properties was $785 billion. The cities included in the survey were Los Angeles, Singapore, Hong Kong, London, Sydney, and Dubai. [Mansion Global]

Global Cities: Sales Over $10 Million
Global Cities: Sales Over $10 Million