The Real Deal New York

This week in real estate market reports

A weekly feature bringing you the industry’s latest intel
By Chava Gourarie | March 09, 2017 09:00AM

(Credit: CoreLogic)

According to the most recent market reports, home prices grew 3.6 percent in the New York metro area, Downtown Manhattan saw its most active month for office leasing since 2014, and China creates 100 new millionaires a year.

Residential

Luxury sales | Olshan Realty
There were 28 contracts for luxury homes signed this week at an average price of $6.5 million. Read the full report here.

Home price index | CoreLogic
Home prices were up 6.9 percent in January year-over-year. In the New York metro area, home prices increased 3.6 percent. Read the full report here.

Foreclosure report | CoreLogic
Foreclosure activity in the New York metro area was at 2.6 percent in December 2016, down .9 percent year-over-year, and above the national average of .85 percent. Read the full report here.

Wealth Report | Knight Frank
The number of people with $30 million or more in assets jumped 42 percent in the last decade. Also, every year, there are 100 new millionaires in China. Read the full report here.

Commercial

Manhattan office snapshot | CBRE
Downtown saw its most active month for office leasing in February since November 2014, while leasing activity in Midtown and Midtown South dipped, but rents and availability remained stable. Read the full reports for Midtown, Midtown South and Downtown.