Reuveni in Real Time: February 1st, 2021

February 1, 2021

After a tremendous start to the new year, the Manhattan marketplace cooled down last week.

Here is your weekly Reuveni in Real Time report for the week of January 25-31, 2021


208
The number of signed contracts for the week. This is a 59% increase from the previous week (January 18-24 2021), the most since the pandemic began. This is an 8% decrease from the week of March 9-15, 2020, the last normal week prior to the COVID-19 pandemic, and a 1% increase from the same week in 2020.


$440,858,400

The total volume of sales for the week (contracts signed, not closings). This is a 53% increase from the week prior, also the most since the pandemic began. This is a 32% increase from the week of March 9-15 2020 and a 3% increase from the same week in 2020.




77

The number of Condo contracts signed.

128

The number of Co-op contracts signed.

3

The number of Townhome contracts signed.


$28,500,000
70 Vestry Street, 11N

The most expensive signed contract for the week.


17
The number of new development contracts signed for the week. This is in line with the week that preceded it (16).


-5.7%

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


213
The number of new listings for the week. This represents the fourth consecutive week with more than 200 new listings hitting the market.


8,634

The total number of active condo, coop, and townhome listings in Manhattan today, February 1st, 2021.