Numbers to know: Signing deals for luxury units off floor plans, Cushman’s profits get bump over last year … and more

TRD New York /
Aug.August 29, 2013 12:25 PM

“Numbers to know” is a weekly web feature that catalogues the most notable, quirky and surprising real estate statistics. A dramatic number of luxury contracts signed this year have been purchased off floor plans, new development prices skyrocketed year-over-year, and Cushman & Wakefield’s profits climb over the previous year.

$1 million
Funds Mayor Michael Bloomberg’s office donated to a new playground at Morningside Avenue and West 123rd Street, which celebrated its opening this past week [Department of Parks & Recreation]

$497,000
The most expensive unit at Tahl Propp Equities’ Park Manhattan at 411-421 Manhattan Avenue in Harlem, which sold out after seven months [Tahl Propp Equities]

$150,000
Price chop at superstar Kanye West’s Los Angeles home, which has been on the market since March [Zillow]

$2,274
Average price per square foot in new Manhattan developments in the second quarter of 2013 — a 60 percent increase from the same quarter in 2012 [Corcoran Sunshine]

$1,426
Average price per square of closed sales in the past 12 months at the Savoy — $200 less than the average price per square foot of properties listed at the Lenox Hill condo building [CityRealty]

33
Percentage of luxury contracts signed so far this year bought off floor plans — the buildings won’t be complete until 2014 or later [Olshan Luxury Market Report]

25
Percentage increase in inventory in the Washington D.C. metro area in the year ending July 31 — the city experienced the second highest inventory bump nationwide in that time period; Denver, Colo., was first [ZipRealty]

15.6
Percentage increase in Cushman & Wakefield’s year-over-year revenue growth, to $582.5 million in the second quarter of 2013 from $503.7 million in the same quarter last year [Cushman & Wakefield]

5.5
Acres of a new waterfront park at the Hunter’s Point South development in Long Island City, which celebrated its opening on Wednesday [Mayor Michael Bloomberg’s office]


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