Luxury resi market records best week since late June: Olshan

28 luxe contracts signed at $4M or above

New York /
Nov.November 06, 2017 08:42 AM

The luxury residential market notched 28 contracts at $4 million and above last week, the best total since the third week in June when there were 29 contracts signed, according to Olshan Realty’s luxury market report.

Extell Development’s One Riverside Park recorded the priciest contract: a six-bed, 6,168-square-foot condo with an asking price of $16.5 million.

The unit, the last full-floor residence at Extell’s Upper West Side development, was last listed at a nearly 17 percent discount to the $19.8 million it was asking when it hit the market in 2014.

Musician Michael Feinstein’s brownstone at 141-143 East 63rd Street went into contract at $15.9 million, a discount of more than 10 percent to the $17.9 million it had been asking when it first hit the market in 2013.

The home is actually two brownstones that Feinstein and his spouse, Terrence Flannery, bought for a combined $6.9 million.

The average median asking price for luxury homes was $8.57 million for the week, with an average discount from original ask to final list of 11 percent. Luxury homes spent an average of 518 days on the market. [Olshan] – Rich Bockmann


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Gary Barnett and Jay and Stuart Podolsky in front of 1645 First Avenue (Getty, Google Maps)
Gary Barnett site has one problem: the Podolsky brothers
Gary Barnett site has one problem: the Podolsky brothers
40 Meadow Lane, Southampton
New Hamptons sales and listings promise ocean views… and eternal life
New Hamptons sales and listings promise ocean views… and eternal life
The $8.9 million Mill Basin property (Bergen Basin Realty)
Massive Mill Basin townhouse tops Brooklyn contracts
Massive Mill Basin townhouse tops Brooklyn contracts
Steve Cohen and 151 East 158th Street (Getty, Google Maps)
Steve Cohen’s $30M condo sells above asking — after a 74% cut
Steve Cohen’s $30M condo sells above asking — after a 74% cut
85 Jay Street (Winick, iStock)
An $8M Dumbo condo tops Brooklyn’s luxury contracts
An $8M Dumbo condo tops Brooklyn’s luxury contracts
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...