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| Embarking on a journey from aspirations to achievements, we are thrilled to announce our esteemed position as Manhattan's premier brokerage, leading the way in closed sales volume and total transactions. Our unwavering dedication to excellence and client satisfaction remains the cornerstone of our success. We are excited to share with you the latest insights and highlights from the Manhattan real estate market. Welcome to our newsletter, tailored to provide you with exclusive updates and curated content to elevate your real estate experience! |
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Manhattan Market Demand & Supply |
| | | | | | Manhattan February Market Report |
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Signed contracts decreased by 6.2%, while there was a notable increase of 13.5% in the average number of days inventory remained on the market compared to the same period last year. In contrast to the prior month, both average and median sale prices witnessed a drop, with decreases of 1.7% and 4.5%, respectively. |
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| | | In February, the luxury real estate market (properties valued at 4M+) experienced a notable shift in activity. The month began with 21 contracts signed in the first week, followed by a peak in the final week with 29 contracts signed. This marked a change from the previous pattern, where peak activity occurred towards the beginning of the month. Source: Olshan Market Report |
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| Top 10 Contracts Signed in February |
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| 730 5th Avenue, Unit PH23 |
| 4 BD 6 BA 6296 SF $56,000,000 |
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| | | 4 BD 5 BA 5000 SF $28,000,000 |
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| | | | 4 BD 5 BA 4672 SF $22,500,000 |
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| | | | 5 BD 6 BA 5086 SF $19,995,000 |
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| | | 5 BD 6 BA 5628 SF $19,750,000 |
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| | | | 4 BD 5 BA 5075 SF $18,950,000 |
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| | | | 4 BD 4 BA 3042 SF $16,950,000 |
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| | 5 BD 5 BA 4193 SF $15,500,000 |
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| | | | 4 BD 5 BA 4264 SF $15,250,000 |
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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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