Reuveni in Real Time: December 14th, 2020

December 14, 2020
Despite being in between several major holidays, last week the Manhattan market had one of its best post-Pandemic weeks yet.

Here is your weekly Reuveni in Real Time report for the week of December 7-13 2020!


196
The number of signed contracts for the week. This is a 29% increase from the previous week (November 30-December 6, 2020), representing the second-highest total since the pandemic began. This is a 13% decrease from the week of March 9-15, 2020, the last normal week prior to the COVID-19 pandemic, and a 9% increase from the same week last year.*


$372,401,688

The total volume of sales for the week (contracts signed, not closings). This is an 11% increase from the week prior, representing the third-highest total since the pandemic began. This is a 12% increase from the week of March 9-15 2020, and a 6% decrease from the same week last year.*




79

The number of Condo contracts signed.

116

The number of Co-op contracts signed.

1

The number of Townhome contracts signed.


$17,500,000
1228 Madison Avenue, PH

The most expensive signed contract for the week. This ground-up new development co-op (land lease) claimed the week’s two highest signed contracts.


29
The number of new development contracts signed for the week, which is more than twice as much as last week’s total (12). This is the third-highest total since the pandemic began.*


-5.4%

The average percentage off the last asking price for this week’s signed contracts.


151
The number of new listings for the week. This is the first time in over a month with fewer than 200 new listings hitting the market (excluding the Thanksgiving week).


9,685
The total number of active condo, coop, and townhome listings in Manhattan today, December 14th, 2020.


*Note: Legacy signed contracts at 130 William and 695 First that have likely been accumulating since 2018 continue to hit the system for the first time, skewing last week’s data.