LUXURY MARKET REPORT
February 10-16, 2020
Twenty contracts were signed last week at $4 million and above, the third straight week of 20 or more sales. The average price-drop from the original asking price was 18%, a total that was skewed by the top 2 sales.

Stat Geek Alert: The average days on market was 803, a total that was elevated because half of the properties were sold by developers and had been on the market for years. That was the highest total this report has ever recorded since we began tracking this particular stat in 2012.

The No.1 contract was the Penthouse at 252 East 57th Street, asking $23.75 million, reduced from $37.5 million when it was listed off of floorplans in the Fall of 2014. Now finished, the condo occupies the entire 65th floor, and has 8,139 square feet including 6 bedrooms and 7 bathrooms. It also has 12-9’ ...

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