Overview
In July, a total of 839 contracts were signed across Condos, Co-ops, and Townhouses; an overall 6.36% decrease from June.
These 839 signed contracts represented $1.75B in sales, a decrease of 11.03% month-over-month.
435 signed contracts were Co-ops, representing a 10.12% decline monthover-month and a corresponding 21.16% drop in sales volume.
Condo contracts totaled 392, representing a 0.76% decline, while sales volume dropped by 4.30% from June.
Townhouse sales showed the most significant drop in contract activity, a drop of 29 41% month-over-month and a corresponding 6 45% drop in sales volume
AboutThe Coldwell Banker Warburg monthly trend report offers unique insights into sales performance and pricing trends in the Manhattan residential market by segmenting sales through the type of property, the number of units in a building, and the age of the building.
The number of Co-op contracts signed decreased by 10 12% in July, while Condos decreased by 0 76% The average price-per-square-foot decreased 4.02% for Coops and decreased 1.40% for Condos.
Townhouses experienced a substantial 29 41% decrease in the
Building Size
From June to July, contracts signed and dollar volume decreased across the board The biggest decrease was in Tower buildings, with an 11 71% drop in contracts signed and a 17.99% drop in dollar volume. Midsize buildings decreased 2 98% with contracts signed and decreased 14.01% in dollar volume monthover-month
Towers | 201+ Units
Midsize | 101 - 200 Units
Boutiques | 10 - 100 Units
$852M
Building Size
In July, contract activity decreased month-tomonth for all building sizes The highest drop was in Tower buildings at 11 71%, followed by Boutique buildings at 8.11% and Midsize buildings at 2 98%
Towers (201+ Units)
Midsize (101 - 200 Units)
Boutiques (10 - 100 Units)
Building Size
Price Trend
In July, both Towers and Boutique buildings saw a slight increase in the average price per-square-foot Towers saw a 5 01% increase, while Boutiques buildings saw an increase of 1.99%. However, Midsize buildings saw a decrease of 7 18% monthover-month.
Towers (201+ Units)
Midsize (101 - 200 Units)
Boutiques (31 - 100 Units)
$2,000
$1,500
$1,000
$0,500
$0,000
Jul2022Sep2022Nov2022Jan2023Mar2023May2023Jul2023Sep2023Nov2023Jan2024Mar2024May2024Jul2024
Building Age
Post-War buildings saw the largest decrease in contracts signed at 17.73% month-over-month. New buildings also saw a decline of 12 28% While Pre-War buildings remained the same, Recent buildings saw a 15.24% increase in contracts signed
Building Age
From June to July, the average price persquare-foot of Pre-War buildings decreased 12.73%. Recent buildings experienced a 2 63% increase followed by an increase of 1.89% for Post-War buildings and an increase of 1 52% in New buildings
Price Trend
$3,000
New (After 2018)
Recent (2000 - 2018)
Post-War (1946 - 1999)
Pre-War (Before 1946)
$2,500
$2,000
$1,500
$1,000
$0,500
$0,000
Jul2022Sep2022Nov2022Jan2023Mar2023May2023Jul2023Sep2023Nov2023Jan2024Mar2024May2024Jul2024
