Weekly Luxury Report | Oct. 15th - 22nd, 2020

WEEKLY MARKET REPORT Oct. 15th - 22nd, 2020

14 E A S T 11 T H S T R E E T

I N - C O N T R AC T I N G R E E N W I C H V I L L AG E

WEEKLY REPORT Oct. 15th - 22nd, 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 Oct. 15th - 22nd, 2020

All properties listed at $4MM and above.

IN-CONTRACT PROPERTIES This week 13 properties entered into contract, which is up from last week’s 11. There were 8 condos, 1 co-op, and 4 townhouses, which totaled $118,570,000 in sales volume. Over the last 4 weeks the average amount of contracts signed is 13.75. Two weeks ago there were 13 contracts signed. The average price per foot increased for the 3rd week in a row.

The most expensive contract of the week was 14 East 11th Street, a 21’ wide townhouse in the Greenwich Village. The 7,411 s/f house was just fully renovated to feature 5 beds and 6.5 Baths. The 12’5” ceilings, 1,200 s/f outdoor space, and brand new elevator allowed the house to enter contract asking $28,500,000.

THE NUMBERS

13

$118,570,000

$9,120,769

Total Sales Volume

Average Contract Price

Properties In Contract 18.8%

32.9%

98

$2,546

Average Days on Market

Average Price Per Foot

35%

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12.5%

4.9%

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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 Oct. 15th - 22nd, 2020

Newly listed properties above $4MM.

NEW TO MARKET

This week 38 new listings were put on the market, which is below last weeks total of 40. This week 4 listings over $20MM, and 8 listings over $10MM were put on the market Our most notable new listing of the week is 18 East 75th Street. This move n ready 21’ wide home features 10,300 s/f of space. Located a short distance from Central Park, this limestone mansion features 8 bedrooms, 7 bathrooms and, a south facing garden and a rooftop terrace. This house is asking $19,750,000.

THE NUMBERS

38

$382,350,000

$11,559,710

Total Listing Volume

Average Contract Price

New Listings 5%

14.8%

20.9%

$9,627

$3,448

Average Monthlies

Average Price Per Foot

11.5%

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27.7%

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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 Oct. 15th - 22nd, 2020

OUR NEW TO MARKET TOP PICKS

18 E A S T 75 T H S T .

217 W 5 7 T H S T R E E T

TWNHS 8 BEDS 7 BATHS | 10,300 S/F

CONDO 5 BEDS 5.5 BATHS | 7,074 S/F

10 0 F R A N K L I N S T

15 5 E 7 9 T H S T R E E T

CONDO 3 BEDS 3.5 BATHS | 2,854 S/F

CONDO 5 BEDS 5.5 BATHS | 4,300 S/F

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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 Oct. 15th - 22nd, 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 Oct. 15th - 22nd, 2020

S t a y t u n e d f o r n ex t w e e ks m a r ke t r e 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 (646) 599-0040 AS a r w a y @ e l l i m a n . c o m 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 10 022

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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