Overview
In November, a total of 815 contracts were signed in Manhattan across Condos, Co-ops, and Townhouses; a 13 21% decrease from October
These 815 signed contracts represented $2 04B in sales, a monthover-month decrease of 1 38%
446 signed contracts were Co-ops, representing a 10 80% decrease month-over-month with a corresponding 6 69% increase in sales volume
Condo contracts totaled 358, representing a 15 57% decrease, while sales volume also decreased by 6 89% from October
Townhouse sales decreased 26 67% month-over-month with a corresponding 24 55% increase 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 by type of property, the number of units in a building, and the age of the building.
In November, the number of Co-op contracts signed decreased by 10 80%, while Townhouse contracts decreased by 26 67% However, the sales volume increased by 6.69% for Co-ops and 24.55% for Townhouse. The Condo market saw a decrease of 15.57% in contract activity, accompanied by a 6.89% decrease in sales volume.
Building Size
Tower buildings experienced the most significant decline, with a 17 30% decrease in contracts signed and an 11 38% drop in dollar volume
Contract activity in Midsize and Boutique buildings decreased by 11 50% and 10 09%, respectively, while the average price per square foot increased by 3 50% and 0 69%
Towers | 201+ Units
Midsize | 101 - 200 Units
Boutiques | 10 - 100 Units
Building Size
In November, contract activity decreased month-over-month for all building sizes The most significant decrease was in Tower buildings at 17.30%, followed by Midsize buildings at 11 50%, and Boutique buildings at 10.09%.
Building Size
Price Trend
In November, the price per square foot increased month-over-month for all building sizes The most significant increase was in Midsize buildings at 3.50%, followed by Boutique buildings at 0.69%, and Tower buildings at 0 35%
Towers (201+ Units)
Midsize (101 - 200 Units)
Boutiques (31 - 100 Units)
$2,000
$1,500
$1,000
$0,500
$0,000
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In November, contract activity decreased month-overmonth for all building sizes. The highest decrease was in New buildings at 28 16%, followed by Post-War buildings at 15.38%, Pre-War buildings at 6.83%, and Recent buildings at 2 20%
Building Age
In November, the average price per square foot increased month-over-month for all building sizes. The highest increase was in Recent buildings at 5 26%, followed by Pre-War buildings at 4.06%, New buildings at 3.88%, and Post-War buildings at 2 48%
Price Trend
$3,000
New (After 2018)
Recent (2000 - 2018)
Post-war (1946 - 1999)
Pre-war (Before 1946)
$2,500
$2,000
$1,000 $1,500
$0,500
$0,000
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