Here is your weekly Reuveni in Real Time report for the week of October 26-November 1 2020!
The number of signed contracts for the week. This is an 8% increase from the previous week (October 19-25, 2020), the highest total since the pandemic began. This is an 11% decrease from the week of March 9-15, 2020, the beginning of the COVID-19 pandemic, and a 6% decrease from the same week last year.*
The total volume of sales for the week (contracts signed, not closings). This is a 27% increase from the week prior, representing the highest total since the pandemic began, and the first time we have eclipsed $400 million in a single week. This is a 29% increase from the week of March 9-15 2020, and an 18% increase from the same week last year.*
The number of Condo contracts signed.
The number of Co-op contracts signed.
The number of Townhome contracts signed.
332 West 11th Street
The most expensive signed contract for the week. This is not only the most expensive signed contract since the pandemic began but in all of 2020 to date. It is also emblematic of how trophy townhouses in West and Greenwich village continue to dominate the upper echelon of the Manhattan market post-COVID.
The number of new development contracts signed for the week, a 50% increase from the week prior.*
The number of new listings for the week. This represents the first time in eight weeks with fewer than 300 new listings hitting the market.
The total number of active condo, coop, and townhome listings in Manhattan today, November 2nd, 2020.
*Note: Contract signed units at 130 William that have likely been accumulating since 2018 continue to hit the system for the first time, skewing last week’s data.