WEEKLY MARKET REPORT July 2nd - July 9th, 2020
We e k l y R e p o r t July 2nd - July 9th, 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 July 2nd - July 9th, 2020
All properties listed at $4MM and above.
IN-CONTRACT PROPERTIES This week 8 properties entered into contract. There were 3 condos, 2 co-ops, and 3 townhouses, which totaled $67,620,000 in sales volume. The numbers this week area small improvement from last week. The same week last year, July 4th week, had only 9 contracts signed. We are curious to see if the trend towards normal market numbers continues next week. The most expensive sale of the week was at 78 Morton St. for $21,800,000.
#’S AT A GLANCE
8
$67,620,000
$8,452,500
Total Sales Volume
Average Contract Price
80.8%
80.8%
Properties In Contract 60%
112
$2,654
Average Days on Market
Average Price Per Foot
54.8%
12.5%
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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 July 2nd - July 9th, 2020
CONDO Resale 1
% C h a n ge -50%
Ne w D e v. 2
% C h a n ge +100%
$ 6, 5 0 0,0 0 0 $ 6, 5 0 0,0 0 0 $3,235
- 6 2 .4% -24.8% - 3 .7 %
$ 1 7,6 8 0,0 0 0 $ 8 , 8 4 0,0 0 0 $2,539
+329% + 1 14 . 5 % + 1 9.4 2 %
126
- 6 6.6 %
337
+103%
Resale 2 $ 1 1 ,79 0,0 0 0 $ 5, 8 9 5,0 0 0 131
% C h a n ge +100% + 9 6.6 % + 1 .6 % +18%
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
CO-OP Deals S a l e s Vo l u m e Av g. P r i c e Av g. D O M
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 3 $ 3 1 ,6 5 0,0 0 0 $ 1 0, 3 5 0,0 0 0 $2,537 64 $ 6,4 4 9
% C h a n ge +200% + 2 1 6. 5 % +3.5% +166% -85% + 1 9. 1 % *% 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 July 2nd - July 9th, 2020
Newly listed properties above $4MM.
NEW TO MARKET
This week 42 new listings were put on the market. This number is down from last weeks total of 66. This week 3 listings over $20MM, and 5 listings over $10MM were put on the market Our most notable new listing is a high floor apartment at 432 Park Avenue. This building is synonymous with luxury, and a building know to hold value no matter the market condition.
#’S AT A GLANCE
42
New Listings
$350,941,000 Total Volume
36.3%
$8,355,738 Average Ask Price
49.2%
20.2%
$8,149
$2,687
Average Monthlies
Average Price Per Foot
6.12% @ S a r w a y Te a m
1.2%
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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
WEEKLY MARKET REPORT July 2nd - July 9th, 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
All Types 26 $ 2 4 2 ,0 1 2 ,0 0 0 $ 9, 3 0 8 , 1 5 3 $2,890 $ 9,6 3 2
% C h a n ge -25% -22% +3.8% + .6 % + 1 0. 3 %
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. M o n t h l y
Resale 9 $ 4 9,4 9 4 ,0 0 0 $ 5,4 9 9, 3 3 3 $ 6 ,0 7 7
% C h a n ge -1 8 . 1 % - 5 9. 2 % - 5 0. 1 % -37%
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 7 $ 5 9,4 3 5,0 0 0 $ 8 ,4 9 0,7 1 4 $1,987 $3,548
% C h a n ge -22.2% -62.2% - 5 1 .7 % - 6. 5 % - 4 1 ,4% *% 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 July 2nd - July 9th, 2020
OUR NEW TO MARKET TOP PICKS
4 3 2 Pa r k Ave # 8 0 A
15 Union Sq W. #PHA
Condo 3 BEDS | 3 BATHS |2,633 s/f
CONDO 3 BEDS | 3.5 BATHS | 5,000
Iconic building, direct Central Park Views, 12’6” ceiling heights, Full Service Amenity Package.
Private outdoor space, Dual Elevator private entrance, duplex, hotel like amenities.
150 Charles #7BN
175 E 64th St.
CONDO 3 BEDS | 3.5 BATHS| 3,234 s/f
TWNHS 5 BEDS | 5 BATHS | 3,756 s/f
Private outdoor space, Hudson River Views, full amenity package.
Gut Renovated, city proof windows, private garden, huge ceiling heights.
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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 July 2nd - July 9th, 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 July 2nd - July 9th, 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