Reuveni in Real Time: August 31st, 2020

August 31, 2020

Here is your weekly Reuveni in Real Time report for the week of August 24-30 2020!


113
The number of signed contracts for the week. This is a 3% increase from the previous week (August 17-23 2020), the seventh consecutive week with 100+ deals. This is a 50% decrease from the week of March 9-15, 2020, the beginning of the COVID-19 pandemic, and a 14% decrease from the same week last year.


$215,936,400

The total volume of sales for the week (contracts signed, not closings). This is a 6% increase from the week prior, representing the second-highest total since the start of the pandemic and the fifth time in seven weeks it has eclipsed $200 Million. This is a 35% decrease from the week of March 9-15 2020, and a 26% decrease from the same week last year.




38

The number of Condo contracts signed.

73

The number of Co-op contracts signed.

2

The number of Townhome contracts signed.


$12,495,000

5 Beekman Street, PH T

his was the most expensive contract signed for the week.


13
The number of new development contracts signed for the week. This is more than double the previous week and in line with pre-pandemic levels.


276
The number of new listings for the week. This is the seventh consecutive week with fewer new listings hitting the market.


9,384
The total number of active condo, coop, and townhome listings in Manhattan today, August 31st, 2020.