Here is your weekly Reuveni in Real Time report for the week of September 28-October 4 2020!
The number of signed contracts for the week. This is a 1% increase from the previous week (September 21-27 2020), the twelfth consecutive week with 100+ deals. This is a 50% decrease from the week of March 9-15, 2020, the beginning of the COVID-19 pandemic, and a 27% decrease from the same week last year.
The total volume of sales for the week (contracts signed, not closings). This is a 28% decrease from the week prior, but still above the $200 million threshold. This is a 35% decrease from the week of March 9-15 2020, and a 23% decrease from the same week last year. Note that the contracts signed at 130 William that have likely been accumulating since 2018 continue to hit the system for the first time, skewing last week’s data.
The number of Condo contracts signed.
The number of Co-op contracts signed.
The number of Townhome contracts signed.
823 Park Avenue, #6
The most expensive signed contract for the week. For the first time in eight weeks, a unit over $10 million has not gone into contract.
The number of new development contracts signed for the week, a 53% decrease from the week prior. Note that 10 are from 130 William Street, which again may have been accumulating since their 2018 sales launch, but were only entered into the listing system now.
The number of new listings for the week. This is a 24% decrease from the week prior and represents the first time in four weeks with fewer than 400 new listings hitting the market.
The total number of active condo, coop, and townhome listings in Manhattan today, October 5th, 2020.