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New York

Village People: Compass dominated neighborhood sales in 2022

Firm finished 46% ahead of No. 2 Elliman in Greenwich Village, West Village

Compass' Robert Reffkin
Compass' Robert Reffkin (Compass, Getty)
By
Research by
Jul 26, 2023, 1:14 PM

Compass scooped nearly a quarter of all sales volume in Greenwich Village and the West Village last year, booking more than $609 million in total sales across 257 deals.

That’s nearly 46 percent more than its nearest rival, Douglas Elliman, which sold just under $419 million in the tony enclaves for 2022 in 154 transactions.

To measure brokerages’ success in selling homes in Greenwich Village and the West Village, The Real Deal tapped into the dataset of 58,000 deals from 2022 in our citywide brokerage ranking, looking specifically at sales in those neighborhoods.

There were 1051 home sales in the two neighborhoods last year, for a total of $2.6 billion. The volume of home sales was pretty evenly split between the two neighborhoods, with Greenwich Village boasting $1.2 billion compared to the West Village’s $1.4 billion.

Elliman may have been a distant second to Compass in the ranking, but its volume was still over 43 percent more than that of third-place finisher the Corcoran Group. That firm booked just over $292 million in volume across 128 deals.

Corcoran has claimed the top spots elsewhere in Manhattan, primarily in neighborhoods laden with new development and sponsor sales primed for the firm’s new development-focused arm, Corcoran Sunshine Marketing Group. In Greenwich Village and the West Village, sponsor sales represented less than one percent of sales last year. 

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Brown Harris Stevens, with more than $271 million in sales across 96 deals, and Sotheby’s International Realty with just over $145 million in volume in 39 transactions rounded out the top five.

At No. 7, townhouse specialist Leslie J. Garfield & Co. deserves a shout-out because its over $34 million in volume came from just four pricey deals, giving the white-shoe firm by far the highest average price of $8.6 million — nearly double the overall average of $2.4 million. 

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This is one of the hundreds of data sets available on TRD Pro — the one-stop real estate terminal for all the data and market information you need.

For inquiries about how to obtain the underlying data set referenced in this story, email research@therealdeal.com

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