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LUXURY MARKET REPORT
September 12-18, 2022
Twenty contracts were signed last week at $4 million and above in Manhattan, double the prior week’s total. Last week’s total was not only a robust rebound, it was a particularly unexpected performance when you consider that it came in the wake of one of Wall Street’s worst weeks of the year. Condos outsold coops, 12-4, with 3 townhouses and 1 condop in the mix.

Stat Geek Alert: Here’s an interesting stat, make of it what you will: In the midst of Tuesday’s stock market crash---when the Dow plummeted 1,276 points---4 contracts were signed. Then, as the Dow continued to slide further during the week, 3 contracts were signed on Wednesday; 5 on Thursday; and 4 on Friday. None were reported over the weekend.

The No. 1 contract was PH90 at 35 Hudson Yards, asking $49 million, reduced from $59 million when the building started marketing in ...

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