Reuveni in Real Time: September 28th, 2020

September 28, 2020

Here is your weekly Reuveni in Real Time report for the week of September 21-27 2020!


111
The number of signed contracts for the week. This is a 14% decrease from the previous week (September 14-20 2020), the eleventh consecutive week with 100+ deals. This is a 51% decrease from the week of March 9-15, 2020, the beginning of the COVID-19 pandemic, and a 28% decrease from the same week last year.


$299,313,679

The total volume of sales for the week (contracts signed, not closings). This is a 21% increase from the week prior, marking the highest total since the start of the pandemic. This is a 10% decrease from the week of March 9-15 2020, and a 2% decrease from the same week last year.




53

The number of Condo contracts signed.

56

The number of Co-op contracts signed.

2

The number of Townhome contracts signed.


$30,000,000

565 Broome, South PHB

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


30
The number of new development contracts signed for the week, marking the second-highest total since the pandemic began. 17 contracts signed are from 130 William Street and may have been accumulating since the August 2018 sales launch, but were only entered into the listing system now.


431
The number of new listings for the week. This is a 6% increase from the previous week and represents the third consecutive week with 400+ new listings hitting the market.


10,468
The total number of active condo, coop, and townhome listings in Manhattan today, September 28th, 2020.