Reuveni in Real Time: November 16th, 2020

November 16, 2020

Just as the Manhattan marketplace appeared to be slowing down, it came back with a vengeance last week.

Here is your weekly Reuveni in Real Time report for the week of November 9-15 2020!


176
The number of signed contracts for the week. This is a 12% increase from the previous week (November 2-8, 2020), representing the third-highest total since the pandemic began. This is a 22% decrease from the week of March 9-15, 2020, the last normal week prior to the COVID-19 pandemic, and a 17% decrease from the same week last year.*


$424,815,757
The total volume of sales for the week (contracts signed, not closings). This is a 48% increase from the week prior, representing the highest total since the pandemic began. This is a 28% increase from the week of March 9-15 2020, and a 2% increase from the same week last year.*




76

The number of Condo contracts signed.

99

The number of Co-op contracts signed.

1

The number of Townhome contracts signed.


$35,000,000
1045 Madison Avenue, PHB
The most expensive signed contract for the week. If this closes at ask, it will be the second most expensive condominium trade of 2020 and the most expensive north of 14th street.


22
The number of new development contracts signed for the week, a 22% increase from the week prior.*


264
The number of new listings for the week. This represents the third consecutive week with fewer than 300 new listings hitting the market.


10,485
The total number of active condo, coop, and townhome listings in Manhattan today, November 16th, 2020.


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