These 3 brokerages dominate the Upper West Side
Compass, Corcoran, Brown Harris Stevens grabbed 54% of market last year
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Three brokerages booked more than half the home sales volume on the Upper West Side last year, each taking roughly 18 percent of the $6.1 billion in transactions.
Compass earned the No. 1 slot with $1.14 billion in volume across 551 deals, edging out the Corcoran Group, which booked a bit more than $1.13 billion in 478 transactions. Brown Harris Stevens rounded out the top three with $1.11 billion in volume across 460 deals.
To measure brokerages’ success in selling homes in the broad, park-to-river Upper West Side area, TRD drilled down into the dataset of 58,000 deals from 2022 in our citywide brokerage ranking, looking specifically at sales on the Upper West Side proper, Manhattan Valley, Morningside Heights and Lincoln Square.
Douglas Elliman, which topped TRD’s recent Midtown ranking, was only No. 4 on the Upper West Side, with $832 million in volume across 420 transactions. Sotheby’s International Realty rounded out the top five with nearly $264 million in volume on just 74 deals. Its average price of over $3.56 million was easily the highest of the top five and the second highest of the top 10.
The highest average price achieved by that elite cohort went to No. 8 Engel & Volkers. The New York franchise of the German firm is a bit of an outlier, though, as its eye-popping average of nearly $13.48 million came from just three massive deals.
About 61.5 percent of Upper West Side deals last year were for co-ops, 37.5 percent were for condos and the remainder were for single-family homes. The co-ops, however, accounted for only 41 percent of total sales volume.
The vast majority of deals — 87 percent — were resales, which accounted for 72 percent of total volume. Lincoln Square and the Upper West Side proper split most of the new-development volume, taking 48 percent and 47 percent, respectively, of the $1.6 billion sponsor-sale total.
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