WEEKLY MARKET REPORT July 23rd - July 30th, 2020
We e k l y R e p o r t July 23rd - July 30th, 2020
@ S a r w a y Te a m
w w w. S A R WAY T E A M . c o m
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 23rd - July 30th, 2020
All properties listed at $4MM and above.
IN-CONTRACT PROPERTIES This week 10 properties entered into contract. There were 6 condos, 2 co-ops, and 2 townhouses, which totaled $75,520,000 in sales volume. The contract amount increased from last weeks total of 4. The average price per foot came down 33.8% from the last week average of $3,107 per foot. The most expensive sale of the week was #46/47c at 641 5th Avenue for $17,000,000. The 5 bedroom, 6.5 bathroom duplex was fully renovated, features 360 degree views of Manhattan, and is situated in the full service Olympic Tower.
THE NUMBERS
10
Properties In Contract
$75,520,000
$7,552,000
Total Sales Volume
150%
Average Contract Price
90.4%
9.2%
136
$2,057
Average Days on Market
Average Price Per Foot
86.3%
@ S a r w a y Te a m
33.8%
w w w. S A R WAY T E A M . c o m
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 23rd - July 30th, 2020
Newly listed properties above $4MM.
NEW TO MARKET
This week 55 new listings were put on the market. This number is significantl less than last weeks total of 85. This week 3 listings over $20MM, and 10 listings over $10MM were put on the market Our most notable new listing of the week is units 38/39 at 515 Park Avenue. This is a gut renovated 4 bed 4,5 bath duplex on Park Avenue with Central Park Views. Included in the sale is two lower floor units. 3A - 2 bedroom guest/staff apartment and 3B - Studio guest/staff apartment overlooking Park Avenue on the third floor.
THE NUMBERS
55
New Listings
$495,100,980 Total Volume
35.3%
$9,001,836 Average Ask Price
38.3%
10.3%
$7,984
$2,559
Average Monthlies
Average Price Per Foot
11.1%
6.8%
@ S a r w a y Te a m
w w w. S A R WAY T E A M . c o m
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 23rd - July 30th, 2020
OUR NEW TO MARKET TOP PICKS
5 1 5 Pa r k Ave n u e
70 Vestry St. #5E
CONDO 4 BEDS | 4.5 BATHS | 4,916 s/f
CONDO 3 BEDS | 3.5 BATHS | 2,965 s/f
Duplex condo with Central Park Views, Gut renovated, two addiitonal units included in sale.
New Development, Hudson River Views, Full service building, offered fully furnished.
25 Bond St. #3W
160 Leroy St. #5C
CONDO 3 BEDS | 3.5 BATHS| 3,640 s/f
CONDO 2 BEDS | 2.5 BATHS | 1,644 s/f
1 of 10 luxury residences at 25 Bond, fully finished, private elevator entry, full service building.
Ian Schrager desgined building, Hudson River Views, 11’ ceilings with floor to ceiling windows, full service building.
@ S a r w a y Te a m
w w w. S A R WAY T E A M . c o m
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 23rd - July 30th, 2020
THIS WEEK’S SIGNED CONTRACTS
@ S a r w a y Te a m
w w w. S A R WAY T E A M . c o m
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 23rd - July 30th, 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
@ S a r w a y Te a m
w w w. S A R WAY T E A M . c o m
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