AgentMarkets & Economy

Manhattan’s top luxury apartment contracts in mid-April

Olshan Realty report reveals remarkable comeback after slow start to April

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432 Park Ave./Google Maps screenshot As any local agent can attest, New York City's luxury real estate market ebbs and flows, especially these days. In early April, Olshan Realty reported just 18 contracts signed at $4 million and higher, but for the week of April 11 to 17, an astonishing 28 contracts were signed -- over a 50 percent week-over-week rise for the high-end Manhattan market. In the co-op market, the average asking price was $7,465,555. Three listings went into contract Downtown, two in Midtown, one in the West and three in the East area of Manhattan. For condos, the average asking price was $8,939,667, with an average asking price per square foot of $3,534 at an average size of 2,530 square feet. Eleven condos went into contract Downtown, four in Midtown and three in the West area of Manhattan. The average asking price for townhouses last week was $8.5 million, with an average asking price per square foot of $1,602 and an average size of 5,306 square feet...