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LUXURY MARKET REPORT
November 16-22, 2020
Twenty-five contracts were signed last week at $4 million and above, three more than the previous week and the highest total since the first week in March, when 27 properties were sold.

Stat Geek Alert: Eight co-ops went to contract at $4 million and above, the highest total of co-op sales since the last week in January, when 8 sold.

Stat Geek Alert II: Thanksgiving week moves around the calendar, but historical stats show that the week prior to Thanksgiving is traditionally a big one in the luxury market. For example, last year the pre-Thanksgiving week registered 30 contracts signed.

For the second week in a row, the No. 1 contract was a penthouse at 1045 Madison Avenue. This time, it was PHC, asking $22 million. The duplex is in a new condo called The Benson, which is under construction between 79th and 80th Street ...

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