LUXURY MARKET REPORT
January 20-26, 2020
Fifteen contracts were signed last week at $4 million and above, a continuation of a 4-week streak of disappointing sales in the Manhattan luxury market. We are still hoping to spot a few green shoots as we get closer to Spring.

Stat geek alert: 49 contracts were signed in the last 4 weeks at $4 million and above compared to 48 contracts in the same time period last year---but 8 fewer contracts (57) than in 2018.

The No.1 contract was the Penthouse at 15 Union Square West, asking $14.5 million, reduced from $15.75 million when it was listed in May. The seller paid $11.5 million in November 2011. This duplex condo has 3,164 square feet including 3 bedrooms and 3.5 bathrooms, plus 2 very large terraces off the living room and upstairs master bedroom suite. The unit has views of Union Square ...

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