SERHANT.’s Post

Manhattan’s real estate market is showing renewed vitality, with last week's data offering a clear picture of momentum: 220 contracts signed, a 9% week-over-week and 25% year-over-year rise, marking a ten-week high. New development sales nearly doubled compared to last year, underscoring heightened demand for new properties. The $5M+ segment saw a 75% weekly increase, highlighting ongoing strength in the luxury market. Downtown led with a 42% year-over-year boost in activity, while Midtown was the only submarket to show a decline. This activity reflects Manhattan's resilience, particularly in the luxury and new development sectors. The sustained uptick in contract signings, despite broader economic uncertainties, suggests confidence is returning. For those looking to buy or sell, the current market conditions are ripe for action. #NYCRealEstate #ManhattanMarket #LuxuryRealEstate #NewDevelopments #MarketTrends #RealEstateUpdate #ManhattanRealEstate #LuxuryLiving #NYCCondos #NYCHomes #PropertyMarket #DowntownManhattan #InvestmentProperty #RealEstateInvesting

Activity in Manhattan’s luxury real estate market continues to be unseasonably slow, with just 14 contracts for $5 million or more last week. April is typically one of the strongest months of the year and contracts have consistently fallen over the past few weeks. However, we’re still seeing activity in high demand neighborhoods such as Downtown. In Brooklyn, we also saw a drop with 14 contracts signed compared to 24 contracts last week. The majority of contracts signed were condos, with 1 co-op and 2 townhouses signed. Read the full Manhattan report here: https://lnkd.in/eVuTZbAM Read the full Brooklyn report here: https://lnkd.in/e2cw9iJV #nyc #luxurymarket #luxurymarketreport #nycrealestate #realestatereport #marketupdate #luxurynyc

Manhattan posted 2 consistent & strong weeks of contract activity in February, with 238 signed this week & 212 contracts signed the prior week.  This marks the first occurrence of two back-to-back weeks of over 200 contracts signed since June 2023. Compared to the same two weeks last year, there has been a 20% increase in signed contracts and an 11% decrease in new listings entering the market. ⚜️ Manhattan Luxury Market Update ($4M+): 26 Contracts were signed, 5 more than the prior week. ⚜️ Most Expensive Trades This Week: 🔹Beaux-Arts Townhouse off Fifth Avenue hit the market at $50M.  🔹43rd Floor at 200 Amsterdam Avenue went into contract, last asking $22.5M. 🔹Penthouse at The Chatham on East 65th St sold & closed, last asking $16M. #nyc #manhattan #luxury #realestate #mdl #property #nycpulse #manhattanpulse #beautifulhomes #ultraluxury Compass REALM® Global

Exciting market news for Manhattan real estate enthusiasts! In the week of January 20 to 26, 2024, a total of 188 condo and co-op contracts were signed, marking a notable 32% increase compared to the previous week and a 12% boost year-over-year. Impressively, signed contracts have consistently risen by over 10% year-over-year for the past four weeks. Notably, all product types experienced an annual increase in sales, making it the second consecutive week in 2024 with such positive momentum. The Financial District/BPC and Midtown emerged as the frontrunners, showing the strongest year-over-year gains in deal activity, while the top contract was secured for the 9th floor at Giorgio Armani Residences (760 Madison Avenue), with an asking price of $25 million ($5,519 per square foot). 📈🏙️ #RealEstate #MarketUpdate #ManhattanHomes

Wednesdays are for Weekly Reports! NYC real estate market continued to perform in segments last week, with "approachable luxury" and "ultra luxury" coming out on top with year over year improvement, while most other segments showed declines. #OneHighline continues to be one of the best selling new development projects as proven by its latest signed contract. Market stats below, read the stats, stay informed and stay in touch! I am pleased to present our snapshot of Manhattan condo and co-op contracts signed from April 27 to May 3, 2024. Below are some key highlights from the week: * Last week, 213 contracts were reported signed in Manhattan, down 12% week-over-week and 19% year-over-year. * The 19% annual decline was the most significant year-over-year change in ten weeks. * Not all market segments declined versus 2023, however, as sales from $3M to $5M and $10M to $20M improved. * Six contracts were signed from $10M to $20M last week, the strongest performance for that price range since September. * The top contract was One High Line West 25D asking $13.770M ($3,548 PSF), featuring Hudson River views. *⁠ *⁠ *⁠ *⁠ #GettingDealsDone #PeakRealEstateSeason #UWS #NewListing #GreenwichVillage #NoHo #LoftLiving #10FeetHeight #Downtown #HotMarket #WeeklyReport #LuxuryAgent #LuxuryReport #LuxuryProperties #LuxuryPropertiesNYC #CorcoranAList #CorcoranWeeklySnapshot #CorcoranReport #OlgaRealEstate

𝗟𝘂𝘅𝘂𝗿𝘆 𝗦𝗮𝗹𝗲𝘀 𝗦𝘂𝗿𝗴𝗲: 𝗗𝗮𝗹𝗹𝗮𝘀 𝗦𝗲𝗲𝘀 𝗮 𝟮𝟴% 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗶𝗻 𝗠𝗶𝗹𝗹𝗶𝗼𝗻-𝗗𝗼𝗹𝗹𝗮𝗿 𝗛𝗼𝗺𝗲𝘀! 🏡 🔺Sales of homes priced at $1M+ in Dallas are up 28% compared to last year. 🔺The North Dallas area leads with the highest sales and aggregate prices. 🔺The northern suburbs show significant growth, especially in the $1M-$2M range. 🤔Curious about the latest trends shaping the luxury housing market in Dallas: https://bit.ly/4e2SqOs #MyMetroTex #DallasRealEstate #DallasREALTOR #LuxuryRealEstate #RealEstateNews

Manhattan Market Update: January 2024 came in stronger than a year earlier in terms of contract volume both in the overall market as well in the luxury ($4M+) segment. The February numbers so far also indicate the same trend. While more supply has come on the market, inventory has only slightly increased as buyers are getting off the sidelines & purchasing properties - often at relatively attractive prices. Here is a look at the numbers: 401 New Listings came to market (22 less than the prior week) Total inventory: 7315 (0.56% increase) 198 New Contracts Signed $504M in Contract Volume ⚜️ Manhattan Luxury Market Update ($4M+): 29 Contracts signed, 3 more than the prior week ⚜️ Most Expensive Trades This Week 🔹Mansion off Fifth Ave, 9 W 54th St, hit the market at $49.5M.  🔹Penthouse at Aman New York went into contract, last asking $56M. 🔹SOHO loft at 31 Greene Street sold & closed, last asking $9.995M #nyc #manhattan #luxury #realestate #mdl #property #nycpulse #manhattanpulse #beautifulhomes #ultraluxury Compass REALM® Global

NYC Luxury Market Update: July 22-28, 2024 23 contracts were signed last week in Manhattan at $4 million and above, three more than the previous week. Condos outsold co-ops, 16-3, with 1 condop and 3 townhouses in the mix. The No. 1 contract was 50 at 111 West 57th Street, asking $26,950,000, reduced from $29,500,000 when this condo building started marketing off of floorplans in 2016. The No. 2 contract was the 12th floor at 133 East 80th Street asking $10.995,000; it was listed in March. The No. 3 contract was a 3 bedroom residence at 56 Leonard Street, asking $7,995,000. 📊Market Insights: Manhattan’s luxury real estate market remains robust, with strong weekly activity and contract numbers aligning closely with historical trends. The preference for condos continues, and notable high-value transactions reflect the enduring appeal of premium properties in New York City. Founder of the 212Bravo Team www.212Bravo.com #NewYork #Mahanttan #LuxuryHomes #LinkedIn #Bravo #Connect

Manhattan Market Update: February 2024 came in just short of last year in terms of contract volume both in the overall market as well in the luxury ($4M+) segment. While more supply has come on the market, inventory has increased only slightly as buyers are getting off the sidelines & purchasing properties. This week, 472 New Listings came to market (71 more than the prior week). Total inventory: 7423 (1.48% increase) 232 New Contracts Signed (34 more than the prior week). ⚜️ Manhattan Luxury Market Update ($4M+) The luxury market had a strong week with 27 contracts signed (2 less than the prior week). ⚜️ Most Expensive Trades This Week 🔹Mansion between Madison & Park Avenue on 63rd St, hit the market at $60M.  🔹Townhouse between Fifth & Madison Avenue on 81st St went into contract, last asking $19.995M. 🔹Coop Residence at the "Prasada", on Central Park West, sold & closed, last asking $16.9M. #nyc #manhattan #luxury #realestate #mdl #property #nycpulse #manhattanpulse #beautifulhomes #ultraluxury Compass REALM® Global

Manhattan Residential Real Estate - Weekly Snapshot June 1 to 7, 2024 Last week's Manhattan real estate market saw interesting trends. Here are the highlights: - 237 contracts were signed, up 11% from the previous week but down 8% year-over-year, influenced by Memorial Day. - Excluding 2020, it marked the slowest first week of June for Manhattan contract activity since 2010. - Resale co-ops, studios, one bedrooms, and properties under $1M experienced annual sales increases. - Luxury segment (sales over $5M) hit a nine-week low with only 16 contracts signed. - The top contract was for Corcoran's PHA listing at The Schumacher, asking $22.5M ($5,022 PSF). #RealEstate #Manhattan #MarketTrends #ResidentialProperty #ContractsSigned