Of the 24 luxury pads that went into contract last week, 17 were new condos, according to Olshan Realty’s latest luxury market report.
The number of contracts signed on properties $4 million and up was the lowest for the first week of December since 2012. Last year, 32 contracts were signed during the first week of the month, representing $237 million in asking price sales volume.
This year’s asking price volume was higher, though, with total asking price sales volume of nearly $245 million during the week of Nov. 30 to Dec. 6. The average asking price was $10.2 million and the median asking price was $7.8 million. The average number of days on market was 268.
The top contract was an 11-room co-op at 1040 Fifth Avenue, asking $32.5 million and on the market for just a month. The 10th floor pad has five bedrooms, a library and two fireplaces. The sellers purchased it from businessman Edgar Bronfman Jr. for $21 million in 2008.
The No. 2 contract was the penthouse at 224 Mulberry Street. The pad, at Flank Development’s six-unit boutique condo, was asking $23.75 million, down from $28 million when it hit the market in April. Measuring 5,625 square feet, it has four bedrooms, four terraces, two fireplaces and two parking spaces. [Olshan Realty] — E.B. Solomont