WEEKLY MARKET REPORT June 3rd - June 10th, 2020
We e k l y R e p o r t June 4th - June 11th, 2020
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575 MADISON AVENUE, NEW YORK,NY NY10022. 10022. 212. 212. 891.7000 ©© 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTEDPRESENTED HEREIN IS INTENDED FOR INFORMATION 575 MADISON AVENUE, NEW YORK, 891.7000 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL HEREIN IS INTENDED FOR PURPOSES INFORMATION ONLY.ONLY. WHILE,WHILE, THIS INFORMATION IS BELIEVEDISTOBELIEVED BE CORRECT, IT ISCORRECT, REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT ALL PROPERTY PURPOSES THIS INFORMATION TO BE IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES ORNOTICE. WITHDRAWAL WITHOUT INFORMATION, INCLUDING, BUT NOTINCLUDING, LIMITED TO SQUARE FOOTAGE, ROOM COUNT, FOOTAGE, NUMBER OFROOM BEDROOMS AND NUMBER THE SCHOOL IN PROPERTY LISTINGS SHOULD BE NOTICE. ALL PROPERTY INFORMATION, BUT NOT LIMITED TO SQUARE COUNT, OFDISTRICT BEDROOMS AND THE SCHOOL DISTRICT IN VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727 PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727
WEEKLY MARKET REPORT June 3rd - June 10th, 2020
All properties listed at $4MM and above.
IN-CONTRACT PROPERTIES This week 6 properties entered into contract. There were 3 condos, 1 co-op, and 1 townhouse, which totaled $57,280,000 in sales volume. This is a slight uptick from the 2-4 contract per week number we were seeing during the virus. As New York City begins to reopen we canexpect to see an uptick in the contract signed amounts. The most expensive sale of the week was at 415 Greenwich St. This apartment was gut renovated, and features a 2,200 s/f outdoor space. It entered contract asking $18,995,000. This is a duplex penthouse with an outdoor space on each floor.
#’S AT A GLANCE
6
$57,280,000
$9,546,666
Total Sales Volume
Average Contract Price
Properties In Contract 50%
181.6%
87.7%
262
$2,915
Average Days on Market
Average Price Per Foot
52.32%
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26.7%
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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727
WEEKLY MARKET REPORT June 3rd - June 10th, 2020
CONDO Deals S a l e s Vo l u m e Av g. P r i c e Av g. P P F Av g. D O M Av g. M o n t h l y
Resale 3 $ 3 4 , 9 70,0 0 0 $ 1 1 ,6 5 6,6 6 6 $ 3 ,6 3 3 267 $8,810
% C h a n ge +50% +112% +41.3% + 3 1 .7 % - 3 6. 1 % -1 7.7 %
Resale 1 $ 4 , 9 5 0,0 0 0 $ 4 , 9 5 0,0 0 0 234 $ 7,78 8
% C h a n ge - 6 6.6 % -68.3% - 5. 1 % + 1 14% + .6 %
Ne w D e v. 1 $ 5 , 9 1 0,0 0 0 $ 2 ,78 5 $2,942
% C h a n ge +100% -
CO-OP Deals S a l e s Vo l u m e Av g. P r i c e Av g. P P F Av g. D O M Av g. M o n t h l y
TOWNHOUSE Deals S a l e s Vo l u m e Av g. P r i c e Av g. P P F Av g. D O M Av g. Ta x
Resale 1 $ 1 1 ,4 5 0,0 0 0 $934 262 $ 1 3 ,6 1 6
% C h a n ge +100% *% change is based on previous week totals
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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727
WEEKLY MARKET REPORT June 3rd - June 10th, 2020
Newly listed properties above $4MM.
NEW TO MARKET
This week 21 new listings were put on the market. This number is down from last weeks total of 28. Last week Central Park Tower, one of Manhattan’s newest residential developments placed some of their more expensive units on the market, which is why there is a signifanct delta in the pricing. The most notable new listing is a 5 bed 4.5 bath apartment at 101 Central Park West. This finished apartment features 60’ of Central Park frontage. This apartment is located in one of the most high end buildings on Central Park West.
#’S AT A GLANCE
21
New Listings
$136,120,000
$6,481,904
Total Volume
25%
Average Ask Price
48.1%
30.8%
$7,091
$2,030
Average Monthlies
Average Price Per Foot
15.3% @ S a r w a y Te a m
11.3%
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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727
WEEKLY MARKET REPORT June 3rd - June 10th, 2020
CONDO Ne w L i s t i n g s To t a l Vo l u m e Av g. A s k P r i c e Av g. P P F Av g. M o n t h l y
Resale 11 $ 6 2 , 5 4 5,0 0 0 $ 5,6 8 5, 9 0 9 $2,255 $ 7,6 3 3
% C h a n ge Ne w D e v. % C h a n ge -0% 2 -81.1% -33.2% $ 8 , 9 9 5 ,0 0 0 - 9 9. 3 % -33.2 $ 4 ,4 9 7, 5 0 0 - 6 1 .6 % -23.5% $ 2 , 3 74 -47% -7. 5 % $4,802 - 3 8 .7 %
Resale 3 $ 2 4 ,4 9 0,0 0 0 $8,163,333 $1,935 $ 7, 1 7 7
% C h a n ge -40% - 2 7.4% + 2 0. 9 +8.5% - 2 6.4%
CO-OP Ne w L i s t i n g s To t a l Vo l u m e Av g. A s k P r i c e Av g. P P F Av g. M o n t h l y
TOWNHOUSE Ne w L i s t i n g s To t a l Vo l u m e Av g. A s k P r i c e Av g. P P F Av g. Ta x
Resale 5 $ 3 9,0 4 5,0 0 0 $ 7, 8 0 9,0 0 0 $1,506 $4,343
% C h a n ge *% change is based on previous week totals
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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727
WEEKLY MARKET REPORT June 3rd - June 10th, 2020
OUR NEW TO MARKET TOP PICKS
1 0 1 C e n t r a l P a r k We s t
8 1 7 5 t h Ave n u e
CO - OP 5 BEDS | 4.5 BATHS
CO - OP 4 BEDS | 4 BATHS | 3,800 S/F
60’ of Central Park Views, Wood Burning Fireplace, Full Service Building.
50’ of Central Park Views, Wood Burning Fireplace, Full Service Building.
95 Charles St.
124 E 64th St.
CONDO 4 BEDS | 4 BATHS | 3,000 S/F
TWNHS 5 BEDS | 5 BATHS | 5,600 S/F
Duplex penthouse, 1,500 s/f of private outdoor space, private elevator.
20’ wide limestone townhouse, elevator, 2,000 s/f ext., smart home enabled.
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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727
WEEKLY MARKET REPORT June 3rd - June 10th, 2020
THIS WEEK’S SIGNED CONTRACTS
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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727
WEEKLY MARKET REPORT June 3rd - June 10th, 2020
S t ay t u n e d fo r n ex t we e k s m a rke t re p o r t ! Let us know if you would like information on a specific market segment, as we would be happy to provide it. Please contact us directly to discuss any of this week’s new inventory.
Abraham Sarway ( 9 1 7 ) 75 5 - 0 3 9 4 ASarway@elliman.com 5 75 M a d i s o n Av e n u e , 3 r d F l N e w Yo r k , N Y 1 0 0 2 2
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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. Fair Housing Logo CalBRE# 01947727