Reuveni in Real Time: January 11th, 2021

January 11, 2021

Positive momentum continues in the Manhattan marketplace for the second consecutive week. Hopefully a sign of things to come in 2021!

Here is your weekly Reuveni in Real Time report for the week of January 4-10, 2021


177
The number of signed contracts for the week. This is a 16% increase from the previous week (December 29-January 3, 2021) and marks the fifth-highest total since the pandemic began. This is a 21% decrease from the week of March 9-15, 2020, the last normal week prior to the COVID-19 pandemic, and a 33% increase from the same week in 2020.*


$336,206,304

The total volume of sales for the week (contracts signed, not closings). This is a 6% decrease from the week prior. This is a 1% increase from the week of March 9-15 2020 and a 30% increase from the same week in 2020.*




74

The number of Condo contracts signed.

102

The number of Co-op contracts signed.

1

The number of Townhome contracts signed.


$15,900,000
1010 Park Avenue, 9th Floor

The most expensive signed contract for the week. After more than three years on the market, this ground-up new development sponsor unit has found a buyer.


19
The number of new development contracts signed for the week. This is above last week’s total, and in keeping with the post-pandemic peak from November and December.


-5.5%

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


236
The number of new listings for the week. This represents the first time in five weeks with more than 200 new listings hitting the market.


8,768

The total number of active condo, coop, and townhome listings in Manhattan today, January 11th, 2021.


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