Reuveni in Real Time: November 23rd, 2020

November 23, 2020

Even with the holiday season approaching, positive momentum in the Manhattan marketplace continues unabated.

Here is your weekly Reuveni in Real Time report for the week of November 16-22 2020!


172
The number of signed contracts for the week. This is a 2% decrease from the previous week (November 9-15, 2020), representing the fourth-highest total since the pandemic began. This is a 24% decrease from the week of March 9-15, 2020, the last normal week prior to the COVID-19 pandemic, and a 12% decrease from the same week last year.*


$362,555,889
The total volume of sales for the week (contracts signed, not closings). This is a 15% decrease from the week prior, representing the third-highest total since the pandemic began. This is a 9% increase from the week of March 9-15 2020, and a 3% decrease from the same week last year.*




65

The number of Condo contracts signed.

104

The number of Co-op contracts signed.

3

The number of Townhome contracts signed.


$22,000,000
1045 Madison Avenue, PHC
The most expensive signed contract for the week. For the second consecutive week, this ground-up new development project has claimed the week’s top spot, each time, putting a PH above $20 Million into contract. A tremendous sign not just for the Upper East Side, but the entire Manhattan marketplace.


19
The number of new development contracts signed for the week, a 14% decrease from the week prior.*


-7.1%

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


207
The number of new listings for the week. This represents the fourth consecutive week with fewer than 300 new listings hitting the market.


10,342
The total number of active condo, coop, and townhome listings in Manhattan today, November 23rd, 2020.


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