WEEKLY MARKET REPORT June 25th - July 2nd, 2020
We e k l y R e p o r t June 25th - July 2nd, 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 25th - July 2nd, 2020
All properties listed at $4MM and above.
IN-CONTRACT PROPERTIES This week 5 properties entered into contract. There were 3 condos, 1 co-op, and 1 townhouse, which totaled $37,410,000 in sales volume. This is a decrease in volume from last week across the board. The pent up demand that was brewing due to the stoppage of business during Covid-19 has slowed due to some unrest in Manhattan. Buyers seem to be taking advantage of this, and submitting offers at considerable discounts. The most expensive sale of the week was at 443 Greenwich St. for $11,400,000.
#’S AT A GLANCE
5
$37,410,000
$6,762,500
Total Sales Volume
Average Contract Price
Properties In Contract
7.8%
16.6%
10.6%
248
$2,359
Average Days on Market
Average Price Per Foot
198.9%
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8.5%
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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 June 25th - July 2nd, 2020
CONDO Resale 2
% C h a n ge +200%
Ne w D e v. 1
% C h a n ge - 6 6.6 %
$ 1 7, 2 9 5,0 0 0 $ 8 ,6 4 7, 5 0 0 $3,360 3 78
-
$ 4 , 1 2 0,0 0 0 $ 4 , 1 2 0,0 0 0 $2,126 166
-78 . 5 % -35.5% - 2 0. 9 % +151%
Resale 1 $ 5, 9 9 5,0 0 0 $ 5, 9 9 5,0 0 0 111 $ 9, 1 6 3
% C h a n ge 0% 0% 0% +85% +35.5%
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 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 0,0 0 0,0 0 0 $ 1 0,0 0 0,0 0 0 $953 432 $ 5,4 1 1
% C h a n ge -100% -35% + 2 9. 9 % - 45% +123.8% - 8 .7 % *% 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 25th - July 2nd, 2020
Newly listed properties above $4MM.
NEW TO MARKET
This week 66 new listings were put on the market. This number is down from last weeks total of 73. This week 5 listings over $20MM, and 13 listings over $10MM were put on the market Our most notable new listing is a gut renovated townhouse on the Upper East Side. 10 East 73rd St. is an amazing limestone tonwhouse just steps off of 5th Avenue. This rare 8,800 s/f house features 6 beds and 6.5 baths.
#’S AT A GLANCE
66
New Listings
$691,368,999 Total Volume
9.5%
$10,475,287 Average Ask Price
27%
40.4%
$8,681
$2,656
Average Monthlies
Average Price Per Foot
32.7% @ S a r w a y Te a m
4.2%
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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 June 25th - July 2nd, 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 35 $ 3 1 3 ,6 9 4 ,0 0 0 $ 8 , 9 6 2 ,6 8 5 $ 2 , 8 74 $ 8 ,72 7
% C h a n ge +40% +72 % +23.5% + 1 6. 1 % + 9.6 %
Ne w D e v. 10 $ 8 3 ,78 5 ,0 0 0 $ 8 , 3 78 , 5 0 0 $ 2 ,7 9 2 $ 9, 2 8 7
% C h a n ge -61% - 8 .6 % +25% + .7 % +93.15%
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
Resale 11 $ 1 2 1 , 3 4 2 ,0 0 0 $ 1 1 ,0 3 1 ,0 9 0 $ 1 ,6 5 4 $ 9,6 9 8
% C h a n ge -31% -11.5% +28% - 2 0. 3 % +22%
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 9 $ 1 5 8 ,4 72 , 9 9 9 $ 1 7,6 0 8 , 1 1 1 $2,124 $ 6,0 6 4
% C h a n ge +50% + 2 0 3 .4% +102% + 3 0. 3 % +128% *% 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 25th - July 2nd, 2020
OUR NEW TO MARKET TOP PICKS
10 E 73rd Street
6 6 N i n t h Ave # 6
TWNHS 6 BEDS | 6.5 BATHS | 8,800 s/f
CONDO 5 BEDS | 6.5 BATHS | 5,444 s/f
Gut Renovated, 20’ wide, multiple fireplaces, 12’ ceilings, and a limestone facade.
Gut renovated, keyed elevator entry, 10’ ceilings, 32 custom windows, and full amenity package.
456 W 19th St.
150 Reade St.
CONDO 3 BEDS | 3.5 BATHS
TWNHS 5 BEDS | 6.5 BATHS | 6,600 s/f
Private outdoor space, Private pool, gut renovated, duplex, full amenity package.
Gut Renovated, city proof windows, outdoor space on every floor, media room, kids play
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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 25th - July 2nd, 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 25th - July 2nd, 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