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November 22-28, 2010
NYC Residential Real Estate Luxury Tracking Scoreboard
Apartments and Townhouses under Contract $4million and above
November 22-28, 2010: Total Sales: 10
Thanksgiving is not a week to gauge the market or have great expectations. Many buyers, particularly in the luxury end of the market, go away and as we move towards Christmas there is a seasonal quality about the market. Christmas shopping does not necessarily translate to buying apartments. On the other hand, a flicker of a decent bonus season does stir the market. All things being considered, Thanksgiving week 2010 was pretty strong with 10 sales total - almost a typical average week. As usual, condos out sold co-ops 2-1. This is a trend we see almost every week even though the Manhattan inventory has three times as many co-ops as condos. The East Side won the week with 5 sales to 3 on the West Side and 2 Downtown. The other interesting thing about last week is the condo sales were large apartments averaging 8 rooms or 3,275 sq.ft.
NYC Luxury Tracking Scoreboard: Sales $4 Million and Above November 22-28,
| | East | West | Midtown | Downtown | Asking $/sq.ft. | Totals |
Co-ops | 3 | | | 1 | | 4 |
Condos | 2 | 3 | | 1 | $2,791/sq.ft. | 6 |
Condops * | | | | | | 0 |
Townhouses | | | | | | 0 |
Totals: 10 Sales
*Condop is a co-op with condo rules.
To see the Apartment Listings Under Contract:
http://media.realplusonline.com/webreports/110120c82f8beb.htm
Donna Olshan
President
dso@olshan.com
Emily Chen
Private Wealth Real Estate Services
Chief of Research
ecc@olshan.com
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