Reuveni in Real Time: September 8th, 2020

September 8, 2020

Here is your weekly Reuveni in Real Time report for the week of August 31-Septmber 6 2020!


104
The number of signed contracts for the week. This is an 8% decrease from the previous week (August 24-30 2020), the eighth consecutive week with 100+ deals. This is a 54% decrease from the week of March 9-15, 2020, the beginning of the COVID-19 pandemic, and a 16% decrease from the same week last year.


$218,889,900

The total volume of sales for the week (contracts signed, not closings). This is a 1% increase from the week prior, representing the second-highest total since the start of the pandemic and the sixth time in eight weeks it has eclipsed $200 Million. This is a 34% decrease from the week of March 9-15 2020, and a 13% increase from the same week last year.




38

The number of Condo contracts signed.

65

The number of Co-op contracts signed.

1

The number of Townhome contracts signed.


$33,000,000

90 Morton Street, PH11A

The most expensive signed contract for the week. This is not only the most expensive signed contract since the start of the pandemic but in all of 2020 to date. Also, for the first time since the pandemic began, two of the week’s top three contracts are in the same building: 90 Morton Street


8
The number of new development contracts signed for the week. This is a 38% decrease from the previous week but in line with last month’s average.


251
The number of new listings for the week. This is the eighth consecutive week with fewer new listings hitting the market.


9,580
The total number of active condo, coop, and townhome listings in Manhattan today, September 8th, 2020.