Here is your weekly Reuveni in Real Time report for the week of October 19-25 2020!
The number of signed contracts for the week. This is a 54% increase from the previous week (October 12-18, 2020), the fifteenth consecutive week with 100+ deals, and the highest total since the pandemic began. This is a 17% decrease from the week of March 9-15, 2020, the beginning of the COVID-19 pandemic, and a 2% decrease from the same week last year.*
The total volume of sales for the week (contracts signed, not closings). This is a 24% increase from the week prior, representing the highest total since the pandemic began, and the first time we have eclipsed $300 million in a single week. This is a 2% decrease from the week of March 9-15 2020, and a 4% 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.
14 East 11th Street
The most expensive signed contract for the week. If this closes at or near ask, it will not only be the most expensive townhouse sale since the pandemic began but in all of 2020.
The number of new development contracts signed for the week, an 18% decrease from the week prior.*
The number of new listings for the week. This represents the fourth consecutive week with fewer than 400 new listings hitting the market.
The total number of active condo, coop, and townhome listings in Manhattan today, October 26th, 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.