WEEKLY MARKET REPORT July 16th - 23rd, 2020
We e k l y R e p o r t July 16th - July 23rd, 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 16th - 23rd, 2020
All properties listed at $4MM and above.
IN-CONTRACT PROPERTIES This week 4 properties entered into contract. There were 2 condos, 1 co-op, and 1 townhouse, which totaled $39,675,000 in sales volume. The contract amount decresed from last weeks total of 8. An interesting number to note is the increase in the avergae contract price and price per foot. The most expensive sale of the week was #3W at 32 East 64th Street for $17,500,000. The 5 bedroom, 4.5 bathroom apartment was gut renovated, features 3 fireplaces, and has 11’ ceilings.
THE NUMBERS
4
$39,675,000
$6,914,375
Total Sales Volume
Average Contract Price
Properties In Contract
28.3%
50%
43.5%
73
$3,107
Average Days on Market
Average Price Per Foot
54.6%
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38.8%
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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 16th - 23rd, 2020
Newly listed properties above $4MM.
NEW TO MARKET
This week 85 new listings were put on the market. This number is nearly double last weeks total of 77. This week 7 listings over $20MM, and 10 listings over $10MM were put on the market Our most notable new listing of the week is the townhouse of the late Jeffrey Epstein. 9 East 71st Street is the larget single family townhouse in Manhattan. The home is 50’ x 102.5’, and features 28,000 interior s/f. The property is listed at $88,000,000.
THE NUMBERS
85
New Listings
$803,015,000 Total Volume
10.4%
$10,041,565 Average Ask Price
5.2%
5.9%
$8,976
$2,395
Average Monthlies
Average Price Per Foot
1.7%
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12.8%
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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 16th - 23rd, 2020
OUR NEW TO MARKET TOP PICKS
9 East 71st St.
520 Park Ave. #33
TWNHS 28,000 s/f
CONDO 4 BEDS | 5 BATHS | 4,628 s/f
Largest single family home in Manhattan, Central Park Views, 7 stories.
Full floor residence, mint condition, new developement, full service building.
551 W 21st St.
1 1 1 Wo o s t e r S t . P h
CONDO 7 BEDS | 7 BATHS| 8,131 s/f
CONDO 3 BEDS | 3.5 BATHS | 2,276 s/f
Full floor residence at Foster & Partners designed condo, unobstrcuted views of Hudson River, full amenity package.
Gut Renovated, private outdoor space, duplex.
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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 16th - 23rd, 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 16th - 23rd, 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