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LUXURY MARKET REPORT
February 22-28, 2021
Forty contracts were signed last week at $4 million and above, four more than the previous week. It marked the first time that the weekly total hit 40 since the first week in August 2016, when 43 contracts were signed.

Stat Geek Alert I: The luxury market’s dazzling streak of 30 or more deals extended to 4 weeks in a row.

Stat Geek Alert II: In the last 4 weeks, 144 properties have gone to contract at $4 million and above, totaling $1,180,170,999, a luxury market wave not seen since a similar streak in 2015—from late February into March---when 138 properties were inked totaling $1,249,750,000.

The No. 1 contract was apartment 17AB at 551 West 21st Street, asking $25.995 million; it was on and off the market since 2017, starting at $40 million. 17AB is 2 apartments that need to be combined: ...

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