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OLSHAN LUXURY MARKET REPORT
March 11-17, 2024
Forty contracts were signed last week in Manhattan at $4 million and above, twelve more than the previous week. You read that right! Condos outsold co-ops, 30-7, and 3 townhouses were in the mix.

Stat Geek Alert I: Year-to-date, this is the first time the luxury market has topped 30 or more contracts (in 2023, the luxury market registered 13 weeks of 30 or more contracts).

Stat Geek Alert II: Last week’s total was the largest since the week of May 8-14, 2023, when 40 contracts were signed. This time, the action skewed closer to the lower end of the luxury market with more than half of the properties below $5,500,000.

The No. 1 contract was 41NS at 50 West 66th Street, asking $46,750,000. The 6,942-square-foot condo is a combination of 2 units that includes 5 bedrooms, 5.5 bathrooms, 14-foot ceilings, and Central Park views. ...

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