LUXURY MARKET REPORT
February 20-26, 2017
Twenty-one contracts were signed last week at $4 million and above, but here’s the headline news: A total of 108 contracts were signed during the month, the second best February since we started keeping track in 2006. The best February was 2015, when 116 contracts were signed at $4 million and above. But wait, there’s more good news: The month’s total was a 42% increase over February 2016, when only 76 contracts were signed at $4 million and above.

A bonus for you stat geeks: Once again, the sweet spot in the luxury market last week were units below $6 million.

The No.1 contract was a townhouse at 252 West 12th Street, asking $19.6 million, which has been on the market since July. The house was gut- renovated after being purchased for $6.8 million in 2010. Designed by architect Steven Harris, it is 20-feet wide, ...

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