Overview
In October, a total of 941 contracts were signed in Manhattan across Condos, Co-ops, and Townhouses; an 40 45% increase from September
These 941 signed contracts represented $2 1B in sales, a monthover-month increase of 32 95%
500 signed contracts were Co-ops, representing a 46 63% increase month-over-month with a corresponding 33 99% increase in sales volume
Condo contracts totaled 426, representing a 35 24% increase, while sales volume increased by 39 31% from September
Townhouse sales increased 7 14% month-over-month with a corresponding 30 05% decrease 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 October, the number of Co-op contracts signed increased significantly by 46 63%, while Condo contract activity rose by 35 24% However, the average price per square foot decreased by 6.76% for Co-ops and by 0.82% for Condos. The Townhouse market saw a modest 7.14% increase in contract activity, accompanied by a 30.05% decrease in sales volume.
(estimate)
Building Size
Tower buildings experienced the most significant growth, with a 54 90% increase in contracts signed and a corresponding 56 88% rise in dollar volume. Contract activity in Midsize and Boutique buildings increased by 35 50% and 33 13%, respectively, corresponding to a 42.46% and 27 93% increase in sales volume
Towers | 201+ Units
Midsize | 101 - 200 Units
Boutiques | 10 - 100 Units
Building Size
In October, contract activity increased monthover-month for all building sizes The highest increase was in Tower buildings at 54 90%, followed by Midsize buildings at 35.50%, and Boutique buildings at 33 13%
Building Size
Price Trend
In October, Boutique and Midsize buildings experienced a slight decrease in average price per square foot, with Boutique buildings seeing a 0.15% decrease and Midsize buildings a 1.50% decrease Conversely, Tower buildings saw a 2.68% month-over-month increase.
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 October, contract activity increased month-overmonth for all building sizes. The highest increase was in Post-War buildings at 62 50%, followed by Pre-War buildings at 36.06%, Recent buildings at 23.29%, and Boutique buildings at 17 78%
Building Age
In October, the average price per square foot in Post-War buildings decreased by 3 21% monthover-month. However, the average price per square foot increased by 6 49% for New buildings, 2.34% for Recent buildings, and 1 14% for Pre-War buildings
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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