Reuveni in Real Time: September 21st, 2020

September 21, 2020

Here is your weekly Reuveni in Real Time report for the week of September 14-20 2020!


129
The number of signed contracts for the week. This is a 19% increase from the previous week (September 7-13 2020), the tenth consecutive week with 100+ deals. This is a 43% decrease from the week of March 9-15, 2020, the beginning of the COVID-19 pandemic, and a 5% decrease from the same week last year.


$247,716,658

The total volume of sales for the week (contracts signed, not closings). This is a 41% increase from the week prior, marking the highest total since the start of the pandemic. This is a 26% decrease from the week of March 9-15 2020, and an 8% decrease from the same week last year.




43

The number of Condo contracts signed.

83

The number of Co-op contracts signed.

3

The number of Townhome contracts signed.


$24,975,000

520 West 28th Street, PH37

The most expensive signed contract for the week. For the second time in three weeks, a PH asking approximately $25M+ has gone into contract.


19
This is the second consecutive week there were 19 new development contracts signed, tied for the second-highest total since the pandemic began. Note that 5 of the 19 contracts signed are from 45 East 7th, who only officially launched sales last month.


408
The number of new listings for the week. This is a 17% decrease from the previous week’s record high.


10,243
The total number of active condo, coop, and townhome listings in Manhattan today, September 21st, 2020. For the first time since the pandemic began, there are more than 10,000 units on the open market.