Olshan: Fewer Luxury Residential Contracts Inked Last Week After 3 Hot Sales Weeks, an About-Face

(iStock.com)

Sales of NYC luxury residential properties flagged last week after three previous consecutive high-performing weeks.

According Olshan Realty Inc.'s latest luxury market report, the week of November 12-18 saw 14 contracts signed for properties listed for $4 million and over. That's a decline after three straight weeks of 20 or more sales.

In the report, condo sales edged out co-ops by 7 to 6.

Olshan's survey also added that last week's results marked the first time that a contract was not signed for over $10 million since September of last year.

The biggest transaction last week was a 3,500-square-foot condo at Casa 74 at 255 East 74th Street that sold for $7,995,000. Consisting of five bedrooms and three-and-a-half baths, this Upper East Side unit comes with a large eat-in kitchen with huge windows; a marble bathroom; and a 38' x 17' living/dining area. The building's amenities include an outdoor garden, an Equinox gym, and 24-hour doorman and concierge service.

Read More...

Related Articles

'Law & Order: SVU' Actress' Townhouse Signs Into Contract for $9.75M

Yet Luxury Residential Sales Remain Lackluster, Says Report

Luxe Living

SoHo Penthouse in Contract for $40.5M

Manhattan Residential Prices Jump

New Sales Boon to Increased Market Activity